Longview, Rusk County, Texas Property Taxes

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Longview, located in Rusk County, Texas, the effective property tax rate is 1.86%. This rate is notably higher than the national median property tax rate of 1.02%. The property tax bill for residents is also impacted by this rate, as it determines how much homeowners pay relative to their property's assessed value. Comparing Longview’s rate to the national context highlights the variance in property tax obligations across the country. This higher rate can significantly affect homeowners' annual expenses, making it crucial for residents to explore potential property tax appeals or exemptions. Understanding where Longview stands in comparison to other cities in Texas and the broader national landscape can help residents make informed decisions about their property taxes.

In Longview, Texas, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is determined by the county appraisal district. In Longview, the median home price is $151,030, and the property tax rate is generally lower than the national median of 1.02%. This results in a range of tax bills, with the 25th percentile at $1,181 and the 75th percentile reaching $3,641. The highest median tax bill in the area is $2,489, which is identical to the lowest, indicating a consistent tax environment across different zip codes.

Property taxes significantly impact homeowners, as they constitute a substantial annual expense. Ownwell can assist homeowners by providing expert property tax appeal and exemption services. By reviewing assessments and identifying potential discrepancies, Ownwell helps ensure that homeowners are not overpaying. This service can lead to significant savings, alleviating the financial burden of property taxes and providing peace of mind.