Glen Rose, Somervell County, Texas Property Taxes
Median Glen Rose, TX effective property tax rate: 1.41%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Glen Rose, TX home value: $286,880
Median annual Glen Rose, TX tax bill: $3,740, $1,340 higher than the national median property tax bill of $2,400.
How are property taxes in Somervell County calculated?
Property taxes in Glen Rose, 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 Glen Rose’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Glen Rose, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Glen Rose, Somervell County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.41%
Estimate Property Tax Bill
$4,045
$3,754
Property Tax Rates Across Glen Rose, Somervell County, Texas
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget required to provide services and divides this by the total value of all taxable property within its jurisdiction. The outcome of this calculation is the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is essentially the annual process.
In Glen Rose, located in Somervell County, the effective property tax rate stands at 1.41%, which is above the national median of 1.02%. This rate is consistent across the county, reflecting the highest and lowest median tax rate within the ZIP code 76043. When compared to the state of Texas, Glen Rose’s rate is higher than the state median. For property owners, understanding these rates is crucial, as they directly impact the annual property tax bill. In Glen Rose, this rate translates to a property tax bill that is likely above the national median of $2,400.
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 Glen Rose Tax Rate
1.41%
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 Somervell County Tax Rate
1.34%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Glen Rose, Somervell County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76043 | 0.72% | 1.12% | 1.41% | 1.59% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Glen Rose, Somervell County, Texas
When examining property taxes in Glen Rose, 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 Somervell 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 Somervell 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 Glen Rose. For example, the median home price in Glen Rose is $286,880, with tax bills ranging significantly across the county. ZIP code 76043 has the highest median home price at $286,880.
Property Tax Assessment Values Across Glen Rose, Somervell County, Texas
Source: Ownwell
$193,745
$519,473
$845,200
Median Glen Rose Market Value
$286,880
Median Somervell County Market Value
$301,475
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Glen Rose, Somervell County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76043 | $57,266 | $144,450 | $286,880 | $478,995 | $680,282 |
Source: Ownwell
Property Tax Bills Across Glen Rose, Somervell County, Texas
Median Glen Rose Tax Bill
$3,740
Median Somervell County Tax Bill
$3,715
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Glen Rose, Somervell County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76043 | $793 | $1,907 | $3,740 | $5,815 | $7,943 |
Source: Ownwell