Kilgore, Texas Property Taxes
The median property tax rate in Kilgore, TX is 1.10%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Kilgore at $129,810, the typical annual property tax bill amounts to $1,224, falling below the national median of $2,690. Property taxes in Kilgore are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Kilgore'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 Kilgore 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
Kilgore, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Kilgore Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kilgore, Texas. With just two data points—your property's estimated assessed value and the median tax rate in Kilgore—the calculator provides a quick and accurate estimate of your property tax bill. This valuable insight helps you understand your potential tax liabilities and plan accordingly. By scrolling down, you can access more detailed trends and localized information to get a comprehensive view of property taxes in your neighborhood. Your property’s assessed value, determined by Gregg County, is used for property tax calculations and may include applicable exemptions.
Property Tax Rates Across Kilgore, Texas
Property taxes in Kilgore, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kilgore is 1.10%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Kilgore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kilgore 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 Kilgore's effective property tax rate to other counties in Texas and the national median. For comparison, the 75663 zip code has the highest median property tax rate of 1.72%, while the 75662 zip code has the lowest median tax rate of 1.10%. Understanding how these cities compare with Kilgore 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 Kilgore Tax Rate
1.10%
Average Gregg County Tax Rate
1.04%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kilgore, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75662 | 0.33% | 0.71% | 1.10% | 1.39% | 1.65% |
| 75663 | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Kilgore, Texas
In Kilgore, 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. Assessment notices in Kilgore 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 Kilgore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Kilgore, the highest median tax bill is $1,224 in the 75662 zip code, while the lowest median tax bill is $217 in the 75663 zip code.
Average Kilgore Assessed Value
$129,810
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 Kilgore, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75662 | $16,682 | $52,600 | $129,940 | $235,500 | $332,914 |
| 75663 | $12,580 | $12,580 | $12,580 | $12,580 | $12,580 |
Source: Ownwell
Property Tax Bills Across Kilgore, Texas
In Kilgore, located in Gregg County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in Kilgore face varying property tax bills, influenced by factors such as property size, location, and market conditions. For instance, the median home price in Kilgore is $129,810. Property tax bills can range significantly, with the 25th percentile at $412 and the 75th percentile at $2,444. The 90th percentile sees tax bills as high as $3,723, showcasing the variability depending on property characteristics. The highest median tax bill in the area is $1,224 in the 75662 zip code, while the lowest median tax bill is $217 in the 75663 zip code. These property taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting homeowners by contributing to community development and property values.
Average Kilgore Tax Bill
$1,224
Average Gregg County Tax Bill
$1,405
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Kilgore, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75662 | $111 | $412 | $1,224 | $2,444 | $3,724 |
| 75663 | $217 | $217 | $217 | $217 | $217 |
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 |