Ben Wheeler, Texas Property Taxes
The median property tax rate in Ben Wheeler, TX is 0.63%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $177,730 in Ben Wheeler, the typical annual property tax bill is approximately $940, which is well below the national median of $2,690. Property taxes in Ben Wheeler are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ben Wheeler'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 Ben Wheeler or another part of Van Zandt County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ben Wheeler, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,120
$1,039
$1,148
Average Tax Savings
Ownwell’s Ben Wheeler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ben Wheeler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ben Wheeler to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Ben Wheeler. 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 Ben Wheeler, Texas
Property taxes in Ben Wheeler, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ben Wheeler is 0.63%, which is lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Ben Wheeler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ben Wheeler 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 Ben Wheeler's effective property tax rate to other counties in Texas and the national median. For comparison, the 75754 zip code has the highest median property tax rate of 0.63%, while the 75754 zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Ben Wheeler provides valuable insights into the varying tax landscape across Van Zandt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ben Wheeler Tax Rate
0.63%
Average Van Zandt County Tax Rate
0.90%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ben Wheeler, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75754 | 0.14% | 0.25% | 0.63% | 1.41% | 1.41% |
Source: Ownwell
$1,148
Average Ben Wheeler Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Ben Wheeler, Texas
In Ben Wheeler, 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 Van Zandt 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 Ben Wheeler, 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 Ben Wheeler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $940.00, found in the 75754 zip code.
Average Ben Wheeler Assessed Value
$177,730
Average Van Zandt County Assessed Value
$183,735
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ben Wheeler, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75754 | $39,472 | $87,612 | $177,730 | $316,712 | $505,643 |
Source: Ownwell
$1,148
Average Ben Wheeler Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Ben Wheeler, Texas
In Ben Wheeler, Van Zandt County, TX, property tax bills are calculated based on the assessed value of the property and the local tax rate. For instance, with a median home price of $177,730, homeowners could see tax bills ranging from $346 at the 25th percentile to $3,845 at the 90th percentile. The assessed value, which is determined by the county appraisal district, plays a crucial role in calculating the tax bill. Factors such as property size, location, and market conditions are considered during assessment. High property taxes can significantly impact homeowners' finances. However, Ownwell offers a lifeline by providing expert property tax appeal and exemption services. By leveraging our deep understanding of local property tax laws and market trends, we help homeowners challenge over-assessments and secure potential savings. Our services ensure that homeowners in Ben Wheeler pay only their fair share of property taxes, easing their financial burden and enhancing their peace of mind.
Average Ben Wheeler Tax Bill
$940
Average Van Zandt County Tax Bill
$1,296
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ben Wheeler, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75754 | $161 | $346 | $940 | $2,192 | $3,845 |
Source: Ownwell
$1,148
Average Ben Wheeler Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Van Zandt Appraisal District | |
| Website | esearch.vzcad.org |
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