Gilmer, Texas Property Taxes
The median property tax rate in Gilmer, TX is 0.96%, which is slightly below the national median of 0.99% and significantly lower than the Texas state median of 1.67%. With the median home value in Gilmer at $161,965, the typical annual property tax bill amounts to $1,283, well below the national median of $2,690. Property taxes in Gilmer are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Gilmer's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Gilmer or elsewhere in the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gilmer, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Gilmer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gilmer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gilmer to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Gilmer, Texas
Property taxes in Gilmer, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gilmer is 0.96%, slightly lower than the Texas state median of 1.9% but close to the U.S. national median of 0.99%. Local government entities within Gilmer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gilmer estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Gilmer's effective property tax rate to other counties in Texas and the national median. For comparison, the 75683 zip code has the highest median property tax rate of 1.50%, while the 75640 zip code has the lowest median tax rate of 0.89%. Understanding how these cities compare with Gilmer provides valuable insights into the varying tax landscape across Upshur County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gilmer Tax Rate
0.96%
Average Upshur County Tax Rate
0.94%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gilmer, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75640 | 0.76% | 0.81% | 0.89% | 1.51% | 1.88% |
| 75644 | 0.24% | 0.54% | 0.98% | 1.52% | 1.99% |
| 75645 | 0.23% | 0.49% | 0.92% | 1.37% | 1.68% |
| 75683 | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 75755 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Gilmer, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gilmer, Texas. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Upshur County Appraisal District for tax purposes. In contrast, the assessed value 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. In Gilmer, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the highest median tax bill in Gilmer is $1,353 in the 75645 zip code, while the lowest is $170 in the 75683 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gilmer Assessed Value
$161,965
Average Upshur County Assessed Value
$157,270
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gilmer, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75640 | $16,726 | $35,815 | $67,630 | $111,760 | $138,238 |
| 75644 | $22,340 | $73,370 | $147,900 | $227,090 | $348,586 |
| 75645 | $22,397 | $76,572 | $183,745 | $309,048 | $462,888 |
| 75683 | $11,400 | $11,400 | $11,400 | $11,400 | $11,400 |
| 75755 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Gilmer, Texas
In Gilmer, located in Upshur County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Gilmer is $161,965. Property taxes are determined by multiplying the assessed value by the local tax rate, which can vary within the county. For instance, the highest median tax bill in the area reaches $1,353 in the 75645 zip code, while the lowest median tax bill is $170 in the 75683 zip code. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. For homeowners, understanding these elements is crucial as they directly impact the annual tax obligation. With tax bills ranging from the 25th percentile at $422 to the 75th percentile at $2,589, and even up to the 90th percentile at $4,148, the financial burden can vary significantly. This variability underscores the importance of accurate property assessments and awareness of potential exemptions to manage property tax expenses effectively.
Average Gilmer Tax Bill
$1,283
Average Upshur County Tax Bill
$1,214
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Gilmer, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75640 | $166 | $287 | $489 | $937 | $1,206 |
| 75644 | $160 | $434 | $1,259 | $2,429 | $3,655 |
| 75645 | $159 | $419 | $1,353 | $2,852 | $4,607 |
| 75683 | $170 | $170 | $170 | $170 | $170 |
| 75755 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Upshur Appraisal District | |
| Website | esearch.upshur-cad.org |