Ore City, Texas Property Taxes
The median property tax rate in Ore City, TX is 1.46%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Ore City at $54,275, the typical annual property tax bill amounts to $793, which is significantly below the national median of $2,690. Property taxes in Ore City are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Ore City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Ore City or another part of Harrison County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ore City, 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 Ore City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ore City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ore City 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 Ore City, Texas
Property taxes in Ore City, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ore City is 1.46%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Ore City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ore City 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 Ore City's effective property tax rate to other counties in Texas and the national median. For comparison, the 75683 zip code has the highest median property tax rate of 1.46%, while the 75683 zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Ore City provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ore City Tax Rate
1.46%
Average Harrison County Tax Rate
1.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ore City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75683 | 1.16% | 1.42% | 1.46% | 1.46% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Ore City, Texas
In Ore City, 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 Harrison 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 Ore City, 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. For instance, the median home price in Ore City is $54,275, with tax bills ranging from $219 at the 25th percentile to $2,672 at the 90th percentile. Awareness of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ore City Assessed Value
$54,275
Average Harrison County Assessed Value
$72,430
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ore City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75683 | $13,722 | $22,742 | $54,275 | $83,400 | $200,515 |
Source: Ownwell
Property Tax Bills Across Ore City, Texas
In Ore City, property tax bills are determined based on the assessed value of a home, which is derived from the market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For example, if the median home price in Ore City is $54,275, the tax bill at the 25th percentile is $219, while at the 75th percentile, it rises to $1,218. At the 90th percentile, homeowners could see tax bills as high as $2,672. These figures indicate a wide range of property tax burdens, reflecting differences in property values and individual assessments. Compared to the national median property tax rate of 0.99%, Ore City's tax rates can vary significantly. Homeowners in this region should be aware of these variations, as they can affect monthly mortgage payments and overall financial planning. Understanding how property tax bills are calculated and the factors influencing them is crucial for homeowners aiming to manage their expenses effectively.
Average Ore City Tax Bill
$793
Average Harrison County Tax Bill
$887
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ore City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75683 | $79 | $219 | $793 | $1,218 | $2,672 |
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 | |
|---|---|
| Harrison Appraisal District | |
| Website | iswdataclient.azurewebsites.net |