Paradise, Wise County, Texas Property Taxes
Median Paradise, TX effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Paradise, TX home value: $352,997
Median annual Paradise, TX tax bill: $3,796, $1,396 higher than the national median property tax bill of $2,400.
How are property taxes in Wise County calculated?
Property taxes in Paradise, 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 Paradise’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Paradise, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Paradise, Wise County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.18%
Estimate Property Tax Bill
$4,165
$3,865
Property Tax Rates Across Paradise, Wise County, Texas
Local government entities determine tax rates, which can differ significantly within a state. Each county, including Wise County in Texas, calculates its necessary budget to provide essential services annually. This budget is then divided by the total assessed value of all taxable properties within the jurisdiction, resulting in the property tax rate. Although voting and legal processes play roles in setting these rates and budgets, this is essentially the annual procedure.
Compare Paradise's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Texas boasts a median property tax rate of 1.18%, which is above the national median of 1.02%. This higher rate reflects the state's reliance on property taxes to fund local services. Paradise, located in Wise County, follows this trend, contributing to the local economy and community infrastructure. Understanding these rates helps property owners make informed decisions and better navigate the tax landscape.
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 Paradise Tax Rate
1.18%
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 Wise County Tax Rate
1.21%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Paradise, Wise County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76073 | 0.63% | 0.96% | 1.18% | 1.39% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Paradise, Wise County, Texas
When examining property taxes in Paradise, Texas, 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 Wise 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 Wise 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 Paradise. For example, the median home price in Paradise is $352,997, with tax bills ranging significantly across the county. Zip code 76073 has the highest median home price at $352,997.
Property Tax Assessment Values Across Paradise, Wise County, Texas
Source: Ownwell
$130,683
$494,470
$858,257
Median Paradise Market Value
$352,997
Median Wise County Market Value
$280,537
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Paradise, Wise County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76073 | $85,251 | $196,710 | $352,997 | $526,667 | $685,208 |
Source: Ownwell
Property Tax Bills Across Paradise, Wise County, Texas
Median Paradise Tax Bill
$3,796
Median Wise County Tax Bill
$3,273
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Paradise, Wise County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76073 | $838 | $1,886 | $3,796 | $5,895 | $7,423 |
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 |