Ore City, Texas Property Taxes
The median property tax rate in Ore City, TX is 1.17%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $105,520, the typical annual property tax bill in Ore City is $862, significantly below the national median of $2,690. Property taxes here are calculated based on the assessed value, which usually falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ore City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ore City or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ore City, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,235
$1,146
Ownwell’s Ore City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ore City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ore City 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 Ore City, Texas
Property taxes in Ore City, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ore City is 1.17%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Ore City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ore City 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 Ore City's effective property tax rate to other counties in Texas and the national median. For comparison, the 75683 zip code has both the highest and lowest median property tax rate of 1.17%. Understanding how these cities compare with Ore City 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 Ore City Tax Rate
1.17%
Average Upshur County Tax Rate
0.94%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ore City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75683 | 0.30% | 0.65% | 1.17% | 1.57% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Ore City, Texas
In Ore City, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Ore City, 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 median home price is $105,520, with tax bills ranging significantly. The 25th percentile tax bill is $280, while the 75th percentile is $2,028, and the 90th percentile is $3,016. Both the highest and lowest median tax bills are $862 in the zip code 75683. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ore City Assessed Value
$105,520
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 Ore City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75683 | $14,280 | $36,885 | $105,520 | $176,390 | $250,360 |
Source: Ownwell
Property Tax Bills Across Ore City, Texas
In Ore City, located in Upshur County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is influenced by factors such as the property's market value, location, and any improvements made to the property. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Ore City, the impact of property taxes can vary significantly. The median home price in the area is $105,520. Homeowners at the 25th percentile can expect a tax bill around $280, while those at the 75th percentile might see tax bills as high as $2,028. In some cases, tax bills can go up to $3,016, particularly for properties in the highest tax brackets. Comparatively, the median property tax rate in Ore City is lower than the national median of 0.99%. This means homeowners in Ore City may experience a relatively lighter tax burden compared to other regions in the United States.
Average Ore City Tax Bill
$862
Average Upshur County Tax Bill
$1,214
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ore City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75683 | $116 | $280 | $862 | $2,028 | $3,016 |
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 |