Wise County Property Taxes
The median property tax rate in Wise County is 1.21%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Wise County at $280,537, the typical annual property tax bill reaches $3,273, exceeding the national median of $2,690. Property taxes in Wise County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Wise County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Decatur or another part of Wise County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wise County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$3,394
$3,150
Ownwell’s Wise County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wise County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wise County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Wise County, Texas
Property taxes in Wise County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wise County is 1.21%, which is higher than both the Texas state median of 1.18% and the U.S. national median of 0.99%. Local government entities within Wise County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wise County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Wise County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Runaway Bay has one of the higher property tax rates in Texas at 1.64%, while the city of Ponder boasts one of the lowest at 0.76%. Analyzing how Wise County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wise County Tax Rate
1.21%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wise County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alvord | 0.42% | 0.78% | 1.14% | 1.24% | 1.61% |
| Aurora | 0.78% | 1.19% | 1.42% | 1.64% | 1.64% |
| Azle | 0.73% | 0.94% | 1.20% | 1.36% | 1.36% |
| Boyd | 0.55% | 0.86% | 1.19% | 1.26% | 1.86% |
| Bridgeport | 0.82% | 1.17% | 1.37% | 1.82% | 1.99% |
| Chico | 0.50% | 0.80% | 1.09% | 1.09% | 1.47% |
| Decatur | 0.66% | 0.99% | 1.20% | 1.38% | 1.81% |
| Haslet | 0.79% | 1.26% | 1.40% | 2.40% | 2.40% |
| Jacksboro | 1.11% | 1.22% | 1.37% | 1.37% | 1.37% |
| Justin | 0.78% | 0.98% | 1.21% | 1.24% | 1.65% |
| Krum | 0.52% | 0.78% | 1.25% | 1.33% | 1.33% |
| Newark | 0.93% | 1.20% | 1.40% | 1.40% | 1.78% |
| Paradise | 0.63% | 0.96% | 1.18% | 1.39% | 1.39% |
| Ponder | 0.47% | 0.58% | 0.76% | 1.00% | 1.09% |
| Poolville | 0.51% | 0.78% | 1.16% | 1.26% | 1.47% |
| Rhome | 0.73% | 1.13% | 1.39% | 1.55% | 1.83% |
| Runaway Bay | 1.14% | 1.43% | 1.64% | 1.82% | 1.82% |
| Slidell | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% |
| Springtown | 0.57% | 0.82% | 1.10% | 1.26% | 1.37% |
| Sunset | 0.24% | 0.60% | 0.98% | 1.10% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Wise County, Texas
In Wise County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Wise County Appraisal District. The assessed value, however, 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. Assessment notices in Wise County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Wise County is $280,537, with tax bills ranging from $1,632 at the 25th percentile to $7,266 at the 90th percentile. The city of Slidell has the highest median tax bill at $8,111, while Krum has the lowest at $1,474. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Wise County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Wise County Assessed Value
$280,537
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wise County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alvord | $83,645 | $158,304 | $269,820 | $449,234 | $743,052 |
| Aurora | $47,879 | $100,352 | $313,214 | $601,203 | $773,110 |
| Azle | $95,747 | $173,453 | $229,555 | $308,301 | $494,797 |
| Boyd | $72,021 | $153,077 | $281,668 | $461,275 | $646,667 |
| Bridgeport | $44,048 | $121,136 | $222,485 | $352,372 | $536,591 |
| Chico | $42,261 | $106,589 | $219,488 | $403,010 | $739,234 |
| Decatur | $93,925 | $202,590 | $339,391 | $527,000 | $746,641 |
| Haslet | $79,985 | $169,598 | $296,210 | $370,347 | $463,382 |
| Jacksboro | $25,359 | $38,458 | $130,683 | $278,638 | $322,258 |
| Justin | $36,276 | $75,233 | $152,662 | $344,823 | $496,892 |
| Krum | $43,268 | $92,777 | $153,868 | $308,470 | $432,970 |
| Newark | $55,030 | $123,738 | $293,106 | $350,594 | $451,939 |
| Paradise | $85,251 | $196,710 | $352,997 | $526,667 | $685,208 |
| Ponder | $512,994 | $584,672 | $858,257 | $951,070 | $1,104,307 |
| Poolville | $50,050 | $111,470 | $216,170 | $386,316 | $713,004 |
| Rhome | $88,114 | $167,134 | $265,440 | $424,556 | $574,612 |
| Runaway Bay | $36,398 | $146,917 | $272,168 | $351,561 | $480,862 |
| Slidell | $534,221 | $562,984 | $610,922 | $658,860 | $687,623 |
| Springtown | $62,853 | $147,862 | $268,149 | $435,935 | $585,873 |
| Sunset | $61,276 | $140,237 | $305,761 | $572,221 | $919,455 |
Source: Ownwell
Property Tax Bills Across Wise County, Texas
Property tax bills in Wise County, TX are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district, which estimates the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For example, the median home price in Wise County is $280,537, which provides a baseline for understanding property values in the area. Homeowners in Wise County can expect a wide range of tax bills, with the 25th percentile at $1,632 and the 75th percentile at $5,219. These property taxes fund essential public services such as schools, emergency services, and infrastructure. While the national median property tax rate is 0.99%, the actual rate in Wise County may vary, impacting homeowners differently depending on their property's assessed value and the local tax rate.
Average Wise County Tax Bill
$3,273
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Wise County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alvord | $608 | $1,514 | $2,817 | $4,278 | $5,894 |
| Aurora | $558 | $1,238 | $3,675 | $8,268 | $11,026 |
| Azle | $954 | $1,789 | $2,562 | $3,629 | $6,474 |
| Boyd | $663 | $1,496 | $2,979 | $4,684 | $6,523 |
| Bridgeport | $519 | $1,552 | $3,121 | $4,934 | $6,934 |
| Chico | $386 | $952 | $2,089 | $3,430 | $5,713 |
| Decatur | $849 | $2,257 | $3,960 | $5,770 | $7,426 |
| Haslet | $741 | $1,799 | $4,327 | $6,901 | $8,592 |
| Jacksboro | $343 | $525 | $1,564 | $3,464 | $4,110 |
| Justin | $390 | $982 | $1,878 | $3,857 | $5,665 |
| Krum | $393 | $752 | $1,474 | $3,162 | $4,408 |
| Newark | $620 | $1,554 | $3,543 | $4,536 | $6,177 |
| Paradise | $838 | $1,886 | $3,796 | $5,895 | $7,423 |
| Ponder | $2,619 | $3,727 | $5,482 | $7,836 | $8,875 |
| Poolville | $464 | $1,124 | $2,176 | $3,405 | $5,441 |
| Rhome | $877 | $1,801 | $3,489 | $5,648 | $8,285 |
| Runaway Bay | $505 | $2,395 | $4,270 | $5,818 | $7,962 |
| Slidell | $7,093 | $7,475 | $8,111 | $8,748 | $9,130 |
| Springtown | $495 | $1,301 | $2,593 | $4,539 | $6,988 |
| Sunset | $464 | $1,109 | $2,205 | $4,151 | $5,837 |
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 | |
|---|---|
| Wise Appraisal District | |
| Website | esearch.wise-cad.com |