Gilmer, Texas Property Taxes
The median property tax rate in Gilmer, TX is 1.13%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value in Gilmer of $339,180, the typical annual property tax bill reaches $3,747, surpassing the national median of $2,690. Property taxes in Gilmer are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Gilmer'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 Gilmer 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
Gilmer, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$3,833
$3,557
Ownwell’s Gilmer Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gilmer with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Gilmer to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring you get a precise calculation for your tax obligations.
Property Tax Rates Across Gilmer, Texas
Property taxes in Gilmer, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gilmer is 1.13%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Gilmer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gilmer 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 Gilmer's effective property tax rate to other counties in Texas and the national median. For comparison, the 75645 zip code has the highest median property tax rate of 1.13%, while the 75645 zip code has the lowest median tax rate of 1.13%. Understanding how these cities compare with Gilmer provides valuable insights into the varying tax landscape across Gregg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gilmer Tax Rate
1.13%
Average Gregg County Tax Rate
1.04%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gilmer, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75645 | 0.59% | 0.79% | 1.13% | 1.24% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Gilmer, Texas
In Gilmer, 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 Gregg 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 Gilmer, 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. The median home price in Gilmer is $339,180, with tax bills ranging from $2,247 at the 25th percentile to $5,773 at the 90th percentile. The highest median tax bill is $3,747 in the 75645 zip code, which also has the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gilmer Assessed Value
$339,180
Average Gregg County Assessed Value
$177,200
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gilmer, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75645 | $104,060 | $250,545 | $339,180 | $434,855 | $567,276 |
Source: Ownwell
Property Tax Bills Across Gilmer, Texas
Property tax bills in Gilmer, located in Gregg County, TX, are determined by multiplying the assessed value of a home by the local property tax rate. The assessed value is typically a percentage of the market value of the property. For example, if the median home price in Gilmer is $339,180, the assessed value would be a fraction of this amount, depending on local regulations. The property tax rate in Gregg County influences the final tax bill, which can vary significantly among homeowners. Factors such as the home's location, size, and condition can impact the assessed value, and consequently, the property tax bill. In Gilmer, the 25th percentile tax bill is around $2,247, while the 75th percentile reaches $4,475, and the 90th percentile can go up to $5,773. These variations illustrate how different factors contribute to the overall tax burden. For homeowners, understanding these elements is crucial for financial planning and anticipating annual property tax expenses.
Average Gilmer Tax Bill
$3,747
Average Gregg County Tax Bill
$1,405
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Gilmer, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75645 | $541 | $2,247 | $3,747 | $4,475 | $5,773 |
Source: 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 | |
|---|---|
| Gregg Appraisal District | |
| Website | esearch.gcad.org |