Winnsboro, Texas Property Taxes
The median property tax rate in Winnsboro, TX is 0.64%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Winnsboro at $191,355, the typical annual property tax bill reaches $780, significantly below the national median of $2,690. Property taxes in Winnsboro are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Winnsboro'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 Winnsboro 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
Winnsboro, 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 Winnsboro Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Winnsboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winnsboro to provide an estimate of 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 Winnsboro, Texas
Property taxes in Winnsboro, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winnsboro is 0.64%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Winnsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winnsboro 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 Winnsboro's effective property tax rate to other counties in Texas and the national median. For comparison, the 75494 zip code has the highest median property tax rate of 0.64%, while the 75494 zip code also has the lowest median tax rate of 0.64%. Understanding how these cities compare with Winnsboro provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winnsboro Tax Rate
0.64%
Average Upshur County Tax Rate
0.94%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winnsboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75494 | 0.13% | 0.25% | 0.64% | 0.90% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Winnsboro, Texas
In Winnsboro, 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 Winnsboro, 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. 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 in Winnsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Winnsboro is $191,355, with the highest median tax bill at $780 in zip code 75494, and the lowest median tax bill also at $780 in the same zip code.
Average Winnsboro Assessed Value
$191,355
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 Winnsboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75494 | $23,214 | $87,768 | $191,355 | $284,268 | $413,416 |
Source: Ownwell
Property Tax Bills Across Winnsboro, Texas
In Winnsboro, located in Upshur County, TX, property tax bills are determined based on the assessed value of a homeowner's property. This assessed value is influenced by the market value of the home, which in this area has a median price of $191,355. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. Factors such as property location, size, and condition play a significant role in determining the assessed value. Additionally, any applicable exemptions can reduce the taxable amount, thereby lowering the tax bill for eligible homeowners. For instance, in Winnsboro, the 25th percentile tax bill is $231, while the 75th percentile tax bill is significantly higher at $2,028. The 90th percentile tax bill peaks at $2,769. These variations illustrate how different property values and exemptions can impact the final tax amount. Compared to the national median property tax rate of 0.99%, Winnsboro's property tax bills provide a diverse range of financial obligations for homeowners.
Average Winnsboro Tax Bill
$780
Average Upshur County Tax Bill
$1,214
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Winnsboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75494 | $131 | $231 | $780 | $2,028 | $2,769 |
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 |