Alvord, Texas Property Taxes
The median property tax rate in Alvord, TX is 1.14%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Alvord at $269,820, the typical annual property tax bill reaches $2,817, surpassing the national median of $2,690. Property taxes in Alvord are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Alvord'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 Alvord or another part of Wise County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alvord, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$3,076
$2,854
Ownwell’s Alvord Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alvord with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alvord to estimate 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 Alvord, Texas
Property taxes in Alvord, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alvord is 1.14%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Alvord set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alvord 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 Alvord's effective property tax rate to other counties in Texas and the national median. For comparison, the 76225 zip code has the highest median property tax rate of 1.14%, while the same 76225 zip code has the lowest median tax rate of 1.14%. Understanding how these cities compare with Alvord provides valuable insights into the varying tax landscape across Wise County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alvord Tax Rate
1.14%
Average Wise County Tax Rate
1.21%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alvord, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76225 | 0.42% | 0.78% | 1.14% | 1.24% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Alvord, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Alvord, Texas. 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 Wise 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. Assessment notices in Alvord 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. For instance, the highest median tax bill in Alvord is $2,817 in the 76225 zip code, while the lowest is also $2,817 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alvord Assessed Value
$269,820
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 Alvord, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76225 | $83,645 | $158,304 | $269,820 | $449,234 | $743,052 |
Source: Ownwell
Property Tax Bills Across Alvord, Texas
In Alvord, Wise County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates your property's market value. This assessed value is then multiplied by the local property tax rate to determine your annual tax bill. For instance, with a median home price of $269,820, homeowners can expect varying tax bills. The 25th percentile tax bill is around $1,514, while those in the 75th percentile could see bills as high as $4,278. The 90th percentile tax bill can reach up to $5,894. Compared to the national median property tax rate of 0.99%, these figures illustrate the range of financial obligations homeowners in Alvord might face. Understanding these factors is crucial for homeowners as they directly impact annual expenses. High property taxes can affect your overall cost of living and should be a consideration when purchasing a home in this region.
Average Alvord Tax Bill
$2,817
Average Wise County Tax Bill
$3,273
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Alvord, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76225 | $608 | $1,514 | $2,817 | $4,278 | $5,894 |
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 |