Wills Point, Van Zandt County, Texas Property Taxes
Median Wills Point, TX effective property tax rate: 1.03%, slightly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Wills Point, TX home value: $162,010
Median annual Wills Point, TX tax bill: $1,229, $1,171 lower than the national median property tax bill of $2,400.
How are property taxes in Van Zandt calculated?
Property taxes in Wills Point, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Wills Point’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wills Point, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wills Point, Van Zandt County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.03%
Estimate Property Tax Bill
$1,669
$1,549
$1,102
Average Tax Savings
Property Tax Rates Across Wills Point, Van Zandt County, Texas
Local government entities determine tax rates, which can significantly differ within a state. The process involves each county estimating its budgetary needs to provide essential services, then dividing that by the total value of all taxable properties in its jurisdiction. This calculation establishes the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual routine.
In Wills Point, located in Van Zandt County, the effective property tax rate aligns closely with both the state and national medians. With a median property tax rate of 1.03%, it reflects the state's typical rate and slightly exceeds the national median rate of 1.02%. This means that homeowners in Wills Point may experience property tax bills that are slightly higher than the national average, which is $2400. However, the uniformity of the tax rate across the area ensures predictability in property tax expenses for residents. Comparing Wills Point's property tax rate with other regions within Texas and the U.S. offers insight into how local tax obligations measure up, helping homeowners make informed financial decisions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Wills Point Tax Rate
1.03%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Van Zandt County Tax Rate
0.90%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wills Point, Van Zandt County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75169 | 0.18% | 0.42% | 1.03% | 1.24% | 1.86% |
Source: Ownwell
$1,102
Average Wills Point Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Wills Point, Van Zandt County, Texas
When examining property taxes in Wills Point, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Van Zandt County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Van Zandt County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Wills Point. For example, the median home price in Wills Point is $162,010, with tax bills ranging significantly across the county. Zip code 75169 has the highest median home price at $162,010.
Property Tax Assessment Values Across Wills Point, Van Zandt County, Texas
Source: Ownwell
$118,380
$183,755
$249,130
Median Wills Point Market Value
$162,010
Median Van Zandt County Market Value
$183,735
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wills Point, Van Zandt County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75169 | $36,180 | $83,005 | $162,010 | $289,220 | $447,130 |
Source: Ownwell
$1,102
Average Wills Point Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Wills Point, Van Zandt County, Texas
In Wills Point, property tax bills are calculated based on the assessed value of a homeowner's property. This value is determined by the Van Zandt County appraisal district, which evaluates the property's market value. The tax rate is then applied to this assessed value, resulting in the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. In Wills Point, the median property tax bill is $1,229, which is below the national median of $2,400. However, for some homeowners, tax bills can reach up to $4,248, reflecting the variability based on property assessments.
Homeowners in Wills Point can benefit from appealing their property assessments to potentially lower their tax bills. Ownwell offers professional assistance in this process, leveraging expertise to identify discrepancies and negotiate with the appraisal district. By ensuring a fair assessment, Ownwell helps homeowners reduce their financial burden, potentially saving them hundreds or even thousands of dollars annually on their property taxes.
Median Wills Point Tax Bill
$1,229
Median Van Zandt County Tax Bill
$1,296
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Wills Point, Van Zandt County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75169 | $178 | $441 | $1,229 | $2,508 | $4,248 |
Source: Ownwell
$1,102
Average Wills Point 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 | January 31 |
Links | |
|---|---|
| Van Zandt Appraisal District | |
| Website | esearch.vzcad.org |
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