Big Sandy, Texas Property Taxes
The median property tax rate in Big Sandy, TX is 0.61%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Big Sandy, the typical annual property tax bill reaches $890, well below the national median of $2,690. Property taxes in Big Sandy are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Big Sandy'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 Big Sandy or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Big Sandy, 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 BIG SANDY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BIG SANDY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BIG SANDY 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 Big Sandy, Texas
Property taxes in Big Sandy, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Big Sandy is 1.13%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Big Sandy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Big Sandy 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 Big Sandy's effective property tax rate to other counties in Texas and the national median. For comparison, the 75755 zip code has the highest median property tax rate of 1.13%, while the same 75755 zip code has the lowest median tax rate of 1.13%. Understanding how these cities compare with Big Sandy provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Big Sandy Tax Rate
0.61%
Average Wood County Tax Rate
0.67%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Big Sandy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75755 | 0.12% | 0.30% | 0.61% | 0.90% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Big Sandy, Texas
In Big Sandy, 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 Wood 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 Big Sandy, 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 example, the median home price in Big Sandy is $186,740, with tax bills ranging significantly. The 25th percentile tax bill is $217, while the 75th percentile tax bill is $2,021, and the 90th percentile tax bill reaches $3,156. The zip code 75755 has both the highest and lowest median tax bill at $890. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Big Sandy Assessed Value
$186,740
Average Wood County Assessed Value
$164,060
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Big Sandy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75755 | $30,250 | $70,075 | $186,740 | $283,375 | $479,974 |
Source: Ownwell
Property Tax Bills Across Big Sandy, Texas
Property tax bills in Big Sandy, located in Wood 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 evaluates the market value of homes. Homeowners in Big Sandy face a median home price of $186,740. With the national median property tax rate at 0.99%, the tax rate in Big Sandy can result in varying tax bills. Factors influencing the tax bill include the property's assessed value and any applicable exemptions. In Big Sandy, the 25th percentile of tax bills is $217, while the 75th percentile reaches $2,021. At the higher end, the 90th percentile tax bill is $3,156. The highest and lowest median tax bills in the area are both $890, specifically in the 75755 zip code. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thereby affecting the overall quality of life in the community.
Average Big Sandy Tax Bill
$890
Average Wood County Tax Bill
$816
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Big Sandy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75755 | $96 | $217 | $890 | $2,021 | $3,156 |
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 | |
|---|---|
| Wood Appraisal District | |
| Website | esearch.woodcad.net |