Home
/US Property Taxes
/Texas
/Smith County
/Overton

Overton, Smith County, Texas Property Taxes

  • Median Overton, TX effective property tax rate: 1.51%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Overton, TX home value: $103,414

  • Median annual Overton, TX tax bill: $1,384, $1,016 lower than the national median property tax bill of $2,400.

How are property taxes in Smith County calculated?

Property taxes in Overton, 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 Overton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Overton, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Overton, Smith County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.51%

Estimate Property Tax Bill

$1,562

$1,449

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Overton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Overton with just two data points. By entering your property's estimated assessed value, our calculator applies Overton’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Smith County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Overton, Smith County, Texas

Local government entities set property tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is essentially the annual process.

In Overton, located in Smith County, TX, the effective property tax rate is 1.51%. This rate is notably higher than the national median property tax rate of 1.02%. The higher rate in Overton reflects the local government's approach to meeting budgetary needs, which may include funding for schools, infrastructure, and public safety.

When compared to other cities in Texas, Overton's property tax rate stands out as one of the higher rates. This difference can impact homeowners' financial planning and property investment decisions. Understanding these rates is crucial for property owners in Overton to make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Overton, Smith County, Texas

Source: Ownwell

Loading...

1.20%

1.47%

1.74%

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 Overton Tax Rate

1.51%

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 Smith County Tax Rate

1.53%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Overton, Smith County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
756841.01%1.21%1.51%1.51%1.96%

Source: Ownwell

Property Tax Assessment Values Across Overton, Smith County, Texas

When examining property taxes in Overton, 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 Smith 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 Smith County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Overton. For example, the median home price in Overton is $103,414, with tax bills ranging significantly across the county. ZIP code 75684 has the highest median home price at $103,414.

Property Tax Assessment Values Across Overton, Smith County, Texas

Source: Ownwell

Loading...

$54,486

$197,290

$340,094

Median Overton Market Value

$103,414

Median Smith County Market Value

$202,951

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Overton, Smith County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75684$10,582$31,584$103,414$170,513$244,211

Source: Ownwell

Property Tax Bills Across Overton, Smith County, Texas

In Overton, Smith County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $103,414, homeowners in Overton can expect property tax bills ranging from the 25th percentile at $443 to the 90th percentile at $3,561. The median property tax bill in the area is $1,384, which is below the national median of $2,400. Factors such as property size, location, and market conditions can influence the assessed value, impacting the overall tax bill. For homeowners, this means staying informed and proactive about their property assessments is crucial. Ownwell offers services that can help homeowners in Overton potentially lower their property tax bills by assisting with appeals and exemptions. By leveraging expert knowledge and experience, Ownwell can ensure that homeowners are not overpaying and are receiving the tax relief they deserve.

Property Tax Bills Across Overton, Smith County, Texas

Source: Ownwell

Loading...

$797

$2,990

$5,183

Median Overton Tax Bill

$1,384

Median Smith County Tax Bill

$2,997

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Overton, Smith County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75684$157$443$1,384$2,520$3,561

Source: Ownwell

Don't miss the deadline to protest!