Whitewright, Texas Property Taxes
The median property tax rate in Whitewright, TX is 1.72%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Whitewright at $206,582, the typical annual property tax bill reaches $3,390, exceeding the national median of $2,690. Property taxes in Whitewright are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Whitewright's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Whitewright or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whitewright, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$3,553
$3,297
$1,148
Average Tax Savings
Ownwell’s Whitewright Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitewright with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitewright to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Whitewright. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Whitewright, Texas
Property taxes in Whitewright, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitewright is 1.72%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Whitewright set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitewright estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Whitewright's effective property tax rate to other counties in Texas and the national median. For comparison, the 75491 zip code has the highest median property tax rate of 1.72%, while the 75491 zip code also has the lowest median tax rate of 1.72%. Understanding how these cities compare with Whitewright provides valuable insights into the varying tax landscape across Grayson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitewright Tax Rate
1.72%
Average Grayson County Tax Rate
2.09%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitewright, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75491 | 0.79% | 1.25% | 1.72% | 2.30% | 2.60% |
Source: Ownwell
$1,148
Average Whitewright Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Whitewright, Texas
In Whitewright, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Grayson County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Whitewright, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Whitewright helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill is found in the 75491 zip code, amounting to $3,390.
Average Whitewright Assessed Value
$206,582
Average Grayson County Assessed Value
$177,813
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whitewright, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75491 | $46,116 | $118,144 | $206,582 | $323,800 | $542,504 |
Source: Ownwell
$1,148
Average Whitewright Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Whitewright, Texas
In Whitewright, located in Grayson County, TX, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $206,582, and property taxes are determined by applying the local tax rate to this assessed value. Factors such as the property's market value, local tax rates, and any applicable exemptions play a significant role in determining the final tax bill. For example, tax bills can range widely, from the 25th percentile at $1,861 to the 90th percentile at $7,327. This variability can significantly affect homeowners, making it crucial to ensure that properties are fairly assessed. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing the assessed value and comparing it to the current market conditions, Ownwell identifies opportunities to lower the tax burden. This can result in substantial savings, ensuring that homeowners in Whitewright are not overpaying on their property taxes.
Average Whitewright Tax Bill
$3,390
Average Grayson County Tax Bill
$3,777
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitewright, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75491 | $764 | $1,861 | $3,390 | $5,267 | $7,327 |
Source: Ownwell
$1,148
Average Whitewright Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Grayson Appraisal District | |
| Website | esearch.graysonappraisal.org |
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