Woodville, Tyler County, Texas Property Taxes

Local government entities set tax rates, which can vary widely within a state. This variability arises because each county annually estimates its required budget to provide essential services and divides it by the total assessed value of all taxable properties within its jurisdiction, resulting in the property tax rate. Although votes and regulations play a role in determining tax rates and budgets, this is essentially the annual process.

In Woodville, located in Tyler County, the effective property tax rate is notably higher than the national median rate of 1.02%. Comparatively, Woodville's rate aligns with the highest and lowest median tax rates within its own zip code, indicating a consistent rate across the area. This rate is significantly higher than both the state and national averages, highlighting the importance of understanding how these rates can impact property owners locally. As property taxes are a crucial component of local government funding, it is essential for property owners in Woodville to be aware of these rates to better manage their financial planning and explore potential property tax appeal options.

In Woodville, located in Tyler County, Texas, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Woodville is $66,618. Property tax rates are applied to this assessed value to calculate the annual tax bill. Homeowners in Woodville can expect tax bills varying significantly, with the 25th percentile at $411 and the 75th percentile reaching $3,188. This variability can have a substantial impact on household budgets, especially when compared to the national median property tax bill of $2,400.

Ownwell offers a solution for homeowners looking to reduce their property tax bills. By analyzing the assessed value and ensuring it aligns with the market value, Ownwell identifies opportunities for tax appeals. This service can lead to significant savings, allowing homeowners to keep more of their hard-earned money. With expert guidance through the appeal process, Ownwell ensures homeowners pay only what is fair and justified, alleviating the financial burden of high property taxes.