Poolville, Texas Property Taxes
The median property tax rate in Poolville, TX is 1.16%, slightly higher than the national median of 0.99% but below the Texas state median of 1.67%. With a median home value of $216,170 in Poolville, the typical annual property tax bill amounts to $2,176, which is still under the national median of $2,690. Property taxes in Poolville are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Poolville'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 Poolville or another part of Wise County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Poolville, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Poolville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Poolville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Poolville 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 Poolville, Texas
Property taxes in Poolville, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Poolville is 1.16%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Poolville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Poolville 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 Poolville's effective property tax rate to other counties in Texas and the national median. For comparison, the 76487 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Poolville 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 Poolville Tax Rate
1.16%
Average Wise County Tax Rate
1.21%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Poolville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76487 | 0.51% | 0.78% | 1.16% | 1.26% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Poolville, Texas
In Poolville, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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. In Poolville, assessment notices 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. For instance, the median home price in Poolville is $216,170, with tax bills varying significantly. The 25th percentile tax bill is $1,124, while the 75th percentile reaches $3,405, and the 90th percentile soars to $5,441. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Poolville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Poolville Assessed Value
$216,170
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 Poolville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76487 | $50,050 | $111,470 | $216,170 | $386,316 | $713,004 |
Source: Ownwell
Property Tax Bills Across Poolville, Texas
Property tax bills in Poolville, Wise County, TX, are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the market value of the home, recent sales of comparable properties, and any improvements or renovations made to the property. For homeowners in Poolville, the median home price is $216,170. Depending on where a property falls within the assessed value spectrum, tax bills can vary significantly. For instance, tax bills in the 25th percentile are around $1,124, while those in the 75th percentile are approximately $3,405. At the 90th percentile, tax bills can reach up to $5,441. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly affecting the community's quality of life. Understanding how these taxes are calculated can help homeowners better manage their finances and anticipate annual expenses.
Average Poolville Tax Bill
$2,176
Average Wise County Tax Bill
$3,273
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Poolville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76487 | $464 | $1,124 | $2,176 | $3,405 | $5,441 |
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 |