Somervell County, Texas Property Taxes
The median property tax rate in Somervell County is 1.34%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Somervell County at $301,475, the typical annual property tax bill reaches $3,715, surpassing the national median of $2,690. Property taxes in Somervell County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Somervell County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Glen Rose or another part of Somervell County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Somervell County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$4,040
$3,749
Ownwell’s Somervell County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Somervell County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Somervell County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Somervell County, Texas
Property taxes in Somervell County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Somervell County is 1.34%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Somervell County set these rates annually, and they can vary significantly between different areas within the county. Each year, Somervell County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Somervell County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Glen Rose has one of the higher property tax rates in Texas at 1.41%, while the city of Bluff Dale boasts one of the lowest at 0.42%. Analyzing how Somervell County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Somervell County Tax Rate
1.34%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Somervell County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bluff Dale | 0.15% | 0.23% | 0.42% | 0.77% | 1.04% |
| Cleburne | 0.29% | 0.68% | 1.15% | 1.51% | 1.51% |
| Glen Rose | 0.72% | 1.12% | 1.41% | 1.59% | 1.79% |
| Granbury | 0.73% | 0.86% | 1.39% | 1.51% | 1.66% |
| Nemo | 0.57% | 0.93% | 1.18% | 1.51% | 1.51% |
| Rainbow | 0.58% | 0.94% | 1.17% | 1.51% | 1.51% |
| Tolar | N/A | N/A | N/A | N/A | N/A |
| Walnut Springs | 0.22% | 0.42% | 0.90% | 1.19% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Somervell County, Texas
In Somervell County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Somervell County Appraisal District. The assessed value, however, 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. Assessment notices in Somervell County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Somervell County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Somervell County, Nemo has the highest median tax bill at $5,054, while Granbury has the lowest at $2,245.
Property Tax Assessment Values Across Somervell County, Texas
Source: Ownwell
$193,745
$519,473
$845,200
Average Somervell County Assessed Value
$301,475
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Somervell County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bluff Dale | $384,772 | $644,665 | $845,200 | $1,462,235 | $1,845,230 |
| Cleburne | $89,926 | $263,810 | $463,510 | $658,710 | $1,208,250 |
| Glen Rose | $57,266 | $144,450 | $286,880 | $478,995 | $680,282 |
| Granbury | $81,966 | $132,750 | $193,745 | $266,600 | $459,168 |
| Nemo | $133,250 | $224,745 | $447,370 | $639,850 | $872,970 |
| Rainbow | $85,498 | $170,040 | $328,850 | $502,600 | $714,376 |
| Tolar | N/A | N/A | N/A | N/A | N/A |
| Walnut Springs | $63,943 | $275,458 | $551,220 | $861,942 | $1,386,247 |
Source: Ownwell
Property Tax Bills Across Somervell County, Texas
In Somervell County, TX, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Somervell County experience varying tax bills, with the 25th percentile paying around $1,882 and the 75th percentile facing bills up to $5,813. The highest median tax bill in the county is found in Nemo at $5,054, while the lowest is in Granbury at $2,245. These property taxes fund essential services such as public schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, homeowners in Somervell County may experience different financial impacts based on their property's assessed value and location within the county.
Average Somervell County Tax Bill
$3,715
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Somervell County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bluff Dale | $1,395 | $2,716 | $4,020 | $5,269 | $7,274 |
| Cleburne | $1,424 | $2,318 | $4,890 | $7,052 | $8,854 |
| Glen Rose | $793 | $1,907 | $3,740 | $5,815 | $7,943 |
| Granbury | $949 | $1,414 | $2,245 | $3,441 | $6,173 |
| Nemo | $1,327 | $2,606 | $5,054 | $6,629 | $9,230 |
| Rainbow | $938 | $2,125 | $3,898 | $5,536 | $6,924 |
| Tolar | N/A | N/A | N/A | N/A | N/A |
| Walnut Springs | $1,054 | $1,888 | $4,065 | $6,378 | $7,975 |
Source: Ownwell