Grand Saline, Texas Property Taxes
The median property tax rate in Grand Saline, TX is 1.61%, notably higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With a median home value of $147,844, the typical annual property tax bill in Grand Saline is $1,792, which is lower than the national median of $2,690. Property taxes in Grand Saline are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Grand Saline'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 Grand Saline 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
Grand Saline, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Grand Saline, Texas Tax Savings
Ownwell’s Grand Saline Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grand Saline with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grand Saline to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Grand Saline. 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 Grand Saline, Texas
Property taxes in Grand Saline, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grand Saline is 1.61%, higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Grand Saline set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grand Saline 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 Grand Saline's effective property tax rate to other counties in Texas and the national median. For comparison, the 75140 zip code has the highest median property tax rate of 1.61%, while the 75140 zip code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with Grand Saline provides valuable insights into the varying tax landscape across Van Zandt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grand Saline Tax Rate
1.61%
Average Smith County Tax Rate
1.53%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grand Saline, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75140 | 1.03% | 1.12% | 1.61% | 1.61% | 1.61% |
Source: Ownwell
$1,148
Average Grand Saline Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Grand Saline, Texas
In Grand Saline, 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 Smith 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 Grand Saline, 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 Grand Saline helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $1792 in the 75140 zip code.
Average Grand Saline Assessed Value
$147,844
Average Smith County Assessed Value
$202,951
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grand Saline, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75140 | $14,561 | $25,140 | $147,844 | $269,903 | $320,697 |
Source: Ownwell
$1,148
Average Grand Saline Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Grand Saline, Texas
In Grand Saline, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Grand Saline, the median home price is $147,844, and tax bills can vary significantly. The 25th percentile tax bill is around $405, while the 75th percentile reaches up to $3,463, with the 90th percentile hitting $4,326. These variations are influenced by factors like property location, size, and market conditions. Homeowners in Grand Saline may find their property tax burdens substantial, especially when compared to the national median property tax rate of 0.99%. Ownwell can assist by providing expert property tax appeal and exemption services, potentially lowering your tax bill. Our team reviews your property's assessed value, identifies discrepancies, and advocates on your behalf to ensure you are not overpaying. By leveraging Ownwell's expertise, homeowners can achieve significant savings on their annual property tax obligations.
Average Grand Saline Tax Bill
$1,792
Average Smith County Tax Bill
$2,997
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Grand Saline, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75140 | $233 | $405 | $1,792 | $3,463 | $4,326 |
Source: Ownwell
$1,148
Average Grand Saline Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 22 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Smith Appraisal District | |
| Phone | (903) 510-8600 |
| Website | www.smithcad.org |
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