Old Glory, Stonewall County, Texas Property Taxes

Name: Property Tax Bills Across Old Glory, Stonewall County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Old Glory, TX effective property tax rate: 2.42%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Old Glory, TX home value: $77,775
Median annual Old Glory, TX tax bill: $1,886, $514 lower than the national median property tax bill of $2,400.

How are property taxes in Stonewall County calculated?

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

Last Updated March 1, 2025

Old Glory, Stonewall County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.42%

Estimate Property Tax Bill

$1,882

$1,747

Ownwell’s Old Glory Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Old Glory with just two data points. By entering your property's estimated assessed value, our calculator applies Old Glory’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 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 Stonewall County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Old Glory, Stonewall County, Texas

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results 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. Below, you can compare Old Glory’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Texas has a median property tax rate significantly higher than the national median. Old Glory, located in Stonewall County, reflects this trend with its own rate. This can be a crucial consideration for homeowners and potential buyers in the area. Understanding these rates helps in making informed decisions regarding property investments and budgeting for annual tax payments. Comparing these rates to the national median provides perspective on how local taxes align with broader trends, offering valuable insights for property owners in Old Glory.

Property Tax Rates Across Old Glory, Stonewall County, Texas

Source: Ownwell

2.42%

2.71%

3.00%

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 Old Glory Tax Rate

2.42%

Median Effective Stonewall County Tax Rate

3.00%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Old Glory, Stonewall County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79540	2.42%	2.42%	2.42%	2.42%	2.42%

Source: Ownwell

Property Tax Assessment Values Across Old Glory, Stonewall County, Texas

When examining property taxes in Old Glory, 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 Stonewall 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 Stonewall County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Old Glory.

For example, the median home price in Old Glory is $77,775, with tax bills ranging significantly across the county. The 79540 zip code has the highest median home price at $77,775.

Property Tax Assessment Values Across Old Glory, Stonewall County, Texas

Source: Ownwell

$46,250

$62,013

$77,775

Median Old Glory Market Value

$77,775

Median Stonewall County Market Value

$47,990

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Old Glory, Stonewall County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79540	$27,345	$59,192	$77,775	$92,308	$152,440

Source: Ownwell

Property Tax Bills Across Old Glory, Stonewall County, Texas

Property tax bills in Old Glory, located in Stonewall County, TX, are determined by multiplying the assessed value of a property by the local tax rate. This assessed value is a percentage of the property's market value, which is influenced by factors such as location, size, and condition. The median home price in Old Glory is $77,775, and with a tax bill at the 25th percentile being $1,435, it's clear that property taxes can be a significant expense for homeowners. Although the national median property tax rate is 1.02%, the precise rate in Old Glory can vary, affecting the overall tax bill. Homeowners in Old Glory face tax bills ranging from $1,435 at the 25th percentile to $3,697 at the 90th percentile. Ownwell assists homeowners in reducing their property tax bills by providing expert appeal services, potentially lowering the assessed value and, consequently, the tax bill. By leveraging local market insights and data, Ownwell helps ensure that homeowners are not overpaying on their property taxes.

Property Tax Bills Across Old Glory, Stonewall County, Texas

Source: Ownwell

$1,314

$1,600

$1,886

Median Old Glory Tax Bill

$1,886

Median Stonewall County Tax Bill

$1,361

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Old Glory, Stonewall County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79540	$663	$1,435	$1,886	$2,238	$3,697

Source: Ownwell