Sunset, Wise County, Texas Property Taxes

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Sunset’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

In Sunset, located in Wise County, the property tax rate is 0.98%. This rate is consistent with the highest and lowest median tax rates in the state, both at 0.98%. While this rate is slightly below the national median property tax rate of 1.02%, it offers a competitive edge for property owners in the area. Compared to the national median property tax bill of $2400, residents in Sunset can potentially benefit from lower tax bills. By understanding these rates, property owners can better navigate their financial responsibilities and explore opportunities for appeals or exemptions to optimize their property tax situation.

In Sunset, Wise County, Texas, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in the area is approximately $305,761, which provides a baseline for understanding potential tax obligations. Homeowners in Sunset see a range in tax bills, from the 25th percentile at $1,109 to the 75th percentile at $4,151, with some reaching as high as $5,837 at the 90th percentile. Despite the variability, the median tax bill is $2,205, slightly below the national median of $2,400. This indicates that while some homeowners may experience higher tax burdens, others benefit from relatively lower bills.

Ownwell can assist homeowners in Sunset by offering property tax appeal services, potentially lowering their assessed values and, consequently, their tax bills. By leveraging expert knowledge and local data, Ownwell ensures homeowners pay only their fair share, providing peace of mind and financial savings.