Wingate, Texas Property Taxes
The median property tax rate in Wingate, TX is 1.32%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $144,050 in Wingate, the typical annual property tax bill reaches $2,119, surpassing the national median of $2,690. Property taxes in Wingate are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Wingate'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 Wingate 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
Wingate, 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 Wingate Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wingate with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wingate to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more granular insights, localized information on neighborhood trends is available further down the page. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Wingate, Texas
Property taxes in Wingate, Texas, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wingate is 1.32%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Wingate set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wingate 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 Wingate's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 79566 has both the highest and lowest median property tax rate of 1.32%. Understanding how these cities compare with Wingate provides valuable insights into the varying tax landscape across Nolan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wingate Tax Rate
1.32%
Average Nolan County Tax Rate
2.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wingate, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79566 | 0.28% | 0.67% | 1.32% | 1.49% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Wingate, Texas
In Wingate, 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 Nolan 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 Wingate, 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. Being aware of these valuation processes in Wingate helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Zip code 79566 has the highest and lowest median tax bill, both at $2,119.
Average Wingate Assessed Value
$144,050
Average Nolan County Assessed Value
$69,100
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wingate, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79566 | $95,378 | $113,630 | $144,050 | $152,115 | $156,954 |
Source: Ownwell
Property Tax Bills Across Wingate, Texas
In Wingate, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Homeowners in Wingate can expect a range of property tax bills depending on their home's specific assessed value. For instance, the 25th percentile tax bill is $1,070, while the 75th percentile tax bill reaches $2,254. The 90th percentile tax bill is slightly higher at $2,335. Several factors influence the final tax bill, including the property's location within Nolan County, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Wingate's property tax rates can vary significantly, impacting homeowners differently based on their property's assessed value. This variation in tax bills can affect homeowners' financial planning and the overall affordability of owning property in Wingate.
Average Wingate Tax Bill
$2,119
Average Nolan County Tax Bill
$1,393
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Wingate, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79566 | $441 | $1,070 | $2,119 | $2,254 | $2,335 |
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 | |
|---|---|
| Nolan Appraisal District | |
| Website | www.nolan-cad.org |