Wharton, Wharton County, Texas Property Taxes
Median Wharton, TX effective property tax rate: 1.56%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Wharton, TX home value: $125,242
Median annual Wharton, TX tax bill: $1,658, $742 lower than the national median property tax bill of $2,400.
How are property taxes in Wharton calculated?
Property taxes in Wharton, 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 Wharton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wharton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wharton, Wharton County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.56%
Estimate Property Tax Bill
$1,954
$1,813
Property Tax Rates Across Wharton, Wharton County, Texas
Local government entities determine tax rates, which can differ significantly within a state. Each year, counties estimate their budgetary needs for public services and divide this by the total value of all taxable properties within their jurisdiction. This calculation yields the property tax rate. While votes and legal frameworks play a role in setting these rates and budgets, this is the core of the annual procedure.
In Wharton, TX, the effective property tax rate stands at 1.56%, matching both the highest and lowest median rates within the county. This rate is notably higher than the national median property tax rate of 1.02%. When compared to the national median property tax bill of $2,400, the implications for property owners in Wharton become more apparent. Such a rate underscores the importance of understanding local tax dynamics, especially in a state like Texas, where property taxes can vary widely. By being informed, property owners can better manage their financial responsibilities and explore potential avenues for tax appeals or exemptions.
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 Wharton Tax Rate
1.56%
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 Wharton County Tax Rate
1.63%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wharton, Wharton County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77488 | 0.63% | 1.08% | 1.56% | 1.93% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Wharton, Wharton County, Texas
When examining property taxes in Wharton, 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 Wharton 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 Wharton 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 Wharton. For example, the median home price in Wharton is $125,242, with tax bills ranging significantly across the county. Zip code 77488 has the highest median home price at $125,242.
Property Tax Assessment Values Across Wharton, Wharton County, Texas
Source: Ownwell
$42,632
$110,536
$178,440
Median Wharton Market Value
$125,242
Median Wharton County Market Value
$120,245
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wharton, Wharton County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77488 | $25,998 | $60,161 | $125,242 | $195,424 | $279,483 |
Source: Ownwell
Property Tax Bills Across Wharton, Wharton County, Texas
Median Wharton Tax Bill
$1,658
Median Wharton County Tax Bill
$1,730
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Wharton, Wharton County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77488 | $275 | $718 | $1,658 | $2,949 | $4,260 |
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 | |
|---|---|
| Wharton Appraisal District | |
| Website | esearch.whartoncad.net |