Gladewater, Texas Property Taxes
The median property tax rate in Gladewater, TX is 0.78%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Gladewater at $130,075, the typical annual property tax bill reaches $789, which is significantly below the national median of $2,690. Property taxes in Gladewater 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 Gladewater'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 Gladewater 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
Gladewater, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$1,015
$939
Ownwell’s Gladewater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gladewater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gladewater to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Gladewater, Texas
Property taxes in Gladewater, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gladewater is 0.78%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Gladewater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gladewater 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 Gladewater's effective property tax rate to other counties in Texas and the national median. For comparison, the 75647 zip code has the highest median property tax rate of 0.78%, while the same zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Gladewater 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 Gladewater Tax Rate
0.78%
Average Gregg County Tax Rate
1.04%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gladewater, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75647 | 0.28% | 0.51% | 0.78% | 0.93% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Gladewater, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gladewater, Texas. 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 Gladewater, 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. For instance, the median tax bill in the 75647 zip code is $789, which is the highest and lowest median tax bill in the area. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gladewater Assessed Value
$130,075
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 Gladewater, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75647 | $29,774 | $58,070 | $130,075 | $225,640 | $321,385 |
Source: Ownwell
Property Tax Bills Across Gladewater, Texas
In Gladewater, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in this area is $130,075. Homeowners in Gladewater can expect their property tax bills to vary significantly. For example, at the 25th percentile, the annual tax bill is around $383, while at the 75th percentile, it rises to approximately $1,583. The 90th percentile sees tax bills as high as $2,557. The local tax rate in Gregg County is a crucial factor in determining the final amount. This rate, applied to the assessed value of the property, directly impacts how much homeowners pay each year. Compared to the national median property tax rate of 0.99%, Gladewater's rates can lead to varying financial obligations for homeowners. Understanding these factors is essential for homeowners to budget effectively and anticipate their annual property tax responsibilities.
Average Gladewater Tax Bill
$789
Average Gregg County Tax Bill
$1,405
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Gladewater, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75647 | $151 | $383 | $789 | $1,583 | $2,557 |
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 |