Winnsboro, Hopkins County, Texas Property Taxes
Median Winnsboro, TX effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Winnsboro, TX home value: $183,330
Median annual Winnsboro, TX tax bill: $1,458, $942 lower than the national median property tax bill of $2,400.
How are property taxes in Hopkins County calculated?
Property taxes in Winnsboro, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Winnsboro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Winnsboro, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Winnsboro, Hopkins County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.24%
Estimate Property Tax Bill
$2,273
$2,110
Property Tax Rates Across Winnsboro, Hopkins County, Texas
Local government entities in Texas, like those in other states, set property tax rates that can differ significantly across regions. This variability is largely due to each county's need to estimate its annual budget to fund essential services. The required budget is then divided by the total assessed value of all taxable property within the county, resulting in the property tax rate. While the process involves votes and legislative measures, this calculation forms the backbone of determining property tax rates each year.
In Winnsboro, located in Hopkins County, the effective property tax rate stands out compared to other cities in Texas. The median property tax rate for the state is 1.24%, which is notably higher than the national median of 1.02%. This difference underscores the importance of understanding local tax dynamics, as they can significantly impact property owners' financial obligations. By comparing these rates, property owners can better grasp where Winnsboro stands in relation to broader state and national trends, making informed decisions about property investments and tax appeals.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Winnsboro Tax Rate
1.24%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Hopkins County Tax Rate
1.66%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Winnsboro, Hopkins County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75494 | 0.27% | 0.68% | 1.24% | 1.45% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Winnsboro, Hopkins County, Texas
When examining property taxes in Winnsboro, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hopkins County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Hopkins County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Winnsboro.
For example, the median home price in Winnsboro is $183,330, with tax bills ranging significantly across the county. Zip code 75494 has the highest median home price at $183,330.
Property Tax Assessment Values Across Winnsboro, Hopkins County, Texas
Source: Ownwell
$93,125
$153,453
$213,780
Median Winnsboro Market Value
$183,330
Median Hopkins County Market Value
$132,490
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Winnsboro, Hopkins County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75494 | $24,772 | $69,005 | $183,330 | $320,895 | $497,112 |
Source: Ownwell
Property Tax Bills Across Winnsboro, Hopkins County, Texas
Median Winnsboro Tax Bill
$1,458
Median Hopkins County Tax Bill
$1,733
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Winnsboro, Hopkins County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75494 | $240 | $619 | $1,458 | $2,883 | $4,806 |
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 | |
|---|---|
| Hopkins Appraisal District | |
| Website | iswdataclient.azurewebsites.net |