Average Tax Assessment in Smith County
Real Estate Values and Property Tax Valuation in Smith County, Texas
Smith County has a total of 84,291 properties, with a cumulative value of $13.9B. This accounts for 0.65% of all real estate value in Texas. Property taxes in Smith County totaled $224.6M, with an average homeowner paying $2,664 in property taxes, which is lower than the state average of $4,015. The average property tax rate in Smith County is 1.62%, which is lower than the state average of 1.69%. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
The property tax timeline in Texas begins on January 1st, when the property valuation date is set. Property value notices are issued between April and May, and the property tax appeal deadline is May 15th or 30 days after the notices are issued. The real property tax bill is due on January 31st for the preceding year's gross tax bills.
Updated November 01, 2023
| Important Links | |
|---|---|
| Smith Appraisal District | (903) 510-8600 |
| Smith Clerk (Recorder) | (903) 590-4688 |
| TexasFile Clerk Records | - |
| Smith Register of Deeds | (615) 735-1760 |
| Important Dates | |
|---|---|
| Real Property Tax Bill Due (1st of #): | January 31st, Gross tax bills for preceding year |
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - May |
| Property Tax Appeal Deadline: | May 15th or 30 days after notices are issued |
| Property Tax Bills Issued: | October 1st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
Don't Miss Your Property Tax Appeal Deadline
Real Estate Statistics in Smith County
Residential Property Taxes by Cities in Smith County
Smith County has an average property tax rate of 1.62%, which is slightly lower than the state average of 1.83%. This rate is applied to the assessed value of a property to calculate the amount of property taxes due. The average property tax bill in Smith County is $2,664.
Property tax rates vary across the cities in Smith County. The city with the highest effective property tax rate is Bullard, at 1.76%, while the city with the lowest effective property tax rate is Gladewater, at 0.58%. This means that property owners in Bullard will pay more in property taxes than those in Gladewater.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Smith County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arp | $12,246 | $33,140 | $79,016 | $164,826 | $283,341 |
| Bullard | $42,198 | $117,245 | $204,969 | $320,153 | $432,649 |
| Flint | $20,419 | $113,084 | $184,120 | $254,117 | $374,272 |
| Gladewater | $9,037 | $27,897 | $71,424 | $162,587 | $228,810 |
| Hideaway | $125,579 | $164,448 | $217,122 | $305,015 | $413,891 |
| Lindale | $22,974 | $64,705 | $149,838 | $225,725 | $322,316 |
| Mineola | $2,765 | $7,860 | $34,787 | $109,892 | $232,670 |
| Overton | $7,651 | $23,884 | $58,786 | $112,635 | $163,974 |
| Troup | $11,959 | $33,616 | $87,348 | $184,119 | $301,879 |
| Tyler | $17,850 | $49,477 | $122,050 | $211,184 | $325,649 |
| Whitehouse | $33,942 | $112,917 | $165,801 | $225,097 | $313,881 |
| Winona | $8,879 | $26,233 | $63,936 | $123,011 | $193,680 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Smith County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arp | $122 | $353 | $1,022 | $2,355 | $4,083 |
| Bullard | $498 | $1,782 | $3,542 | $5,613 | $8,134 |
| Flint | $209 | $1,363 | $2,917 | $3,973 | $5,970 |
| Gladewater | $50 | $151 | $415 | $904 | $1,301 |
| Hideaway | $1,183 | $1,855 | $2,786 | $4,417 | $6,211 |
| Lindale | $218 | $816 | $2,395 | $4,032 | $5,557 |
| Mineola | $25 | $88 | $429 | $1,555 | $3,620 |
| Overton | $87 | $181 | $607 | $1,262 | $2,142 |
| Troup | $118 | $426 | $1,214 | $2,769 | $4,285 |
| Tyler | $186 | $662 | $1,849 | $3,506 | $5,561 |
| Whitehouse | $382 | $1,483 | $2,938 | $4,260 | $5,772 |
| Winona | $65 | $196 | $595 | $1,392 | $2,613 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arp | 1.00% | 1.07% | 1.29% | 1.43% | 1.44% |
| Bullard | 1.18% | 1.52% | 1.73% | 1.75% | 1.88% |
| Flint | 1.02% | 1.21% | 1.58% | 1.56% | 1.60% |
| Gladewater | 0.55% | 0.54% | 0.58% | 0.56% | 0.57% |
| Hideaway | 0.94% | 1.13% | 1.28% | 1.45% | 1.50% |
| Lindale | 0.95% | 1.26% | 1.60% | 1.79% | 1.72% |
| Mineola | 0.90% | 1.12% | 1.23% | 1.42% | 1.56% |
| Overton | 1.14% | 0.76% | 1.03% | 1.12% | 1.31% |
| Troup | 0.99% | 1.27% | 1.39% | 1.50% | 1.42% |
| Tyler | 1.04% | 1.34% | 1.51% | 1.66% | 1.71% |
| Whitehouse | 1.13% | 1.31% | 1.77% | 1.89% | 1.84% |
| Winona | 0.73% | 0.75% | 0.93% | 1.13% | 1.35% |
Reduce your property tax bill with Ownwell!
Real Estate Values in Smith County
The data from Redfin shows that home prices in Smith County, Texas have increased significantly from October 2022 to October 2023. The median home price rose from $317.8K to $372.0K, representing an increase of 23.13%. At the same time, the home inventory in Smith County increased from 257 to 1.0K, indicating that there is a larger selection of homes available for purchase. This suggests that the housing market in Smith County is strong and that home prices are likely to continue to rise in the future.
Average Home Value in Smith County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Smith County
Last updated: November 2023
Percent Change in New Home Listings in Smith County
Last updated: November 2023
Reduce your property tax bill with Ownwell
Mortgage Rates in Smith County
Smith County has a total outstanding loan amount of $4.5 billion across home mortgages. This represents 27.6 thousand outstanding loans in the county, which is a significant portion of the total home value. The median mortgage rate in Smith County varies across cities, with Gladewater having the highest rate of 4.32%, while Bullard has the lowest rate of 3.92%. This variation in rates across cities can be attributed to the different economic and demographic factors that affect the mortgage market in each city.
Overall, Smith County has a large amount of outstanding loans and a wide range of mortgage rates. This provides potential homebuyers with a variety of options when it comes to financing their home purchase. With the right research and guidance, homebuyers in Smith County can find the best mortgage rate to fit their budget and needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Smith County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arp | $24,178 | $53,394 | $106,249 | $171,326 | $260,736 |
| Bullard | $59,153 | $110,626 | $179,443 | $261,316 | $342,325 |
| Flint | $65,320 | $98,267 | $143,065 | $201,467 | $272,309 |
| Gladewater | $25,434 | $55,192 | $104,813 | $154,255 | $224,630 |
| Hideaway | $61,173 | $90,204 | $137,168 | $203,322 | $279,209 |
| Lindale | $43,659 | $81,868 | $141,071 | $207,102 | $282,500 |
| Mineola | $32,613 | $60,321 | $110,911 | $206,729 | $276,070 |
| Overton | $19,373 | $46,788 | $93,088 | $116,547 | $164,617 |
| Troup | $26,651 | $62,128 | $117,082 | $183,251 | $254,117 |
| Tyler | $38,038 | $70,311 | $122,251 | $192,548 | $287,801 |
| Whitehouse | $58,746 | $88,883 | $130,953 | $188,039 | $247,309 |
| Winona | $24,772 | $50,946 | $95,631 | $159,156 | $229,774 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Smith County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arp | 2.93% | 3.59% | 4.19% | 5.00% | 6.19% |
| Bullard | 2.90% | 3.37% | 3.92% | 4.50% | 5.78% |
| Flint | 2.90% | 3.50% | 4.03% | 4.75% | 6.09% |
| Gladewater | 3.27% | 3.74% | 4.32% | 5.37% | 6.19% |
| Hideaway | 2.90% | 3.21% | 3.92% | 4.50% | 5.78% |
| Lindale | 2.80% | 3.38% | 3.95% | 4.60% | 5.78% |
| Mineola | 2.94% | 3.48% | 4.10% | 4.85% | 6.03% |
| Overton | 3.04% | 3.92% | 4.30% | 5.50% | 6.22% |
| Troup | 2.92% | 3.59% | 4.16% | 4.93% | 6.15% |
| Tyler | 2.90% | 3.50% | 4.05% | 4.87% | 6.15% |
| Whitehouse | 2.90% | 3.43% | 4.02% | 4.75% | 6.07% |
| Winona | 2.92% | 3.56% | 4.16% | 5.08% | 6.15% |
Housing Expenses in Smith County, Texas
Reduce your property tax bill with Ownwell
With Ownwell's property tax monitoring service ensures you'll never overpay on property taxes again.
How Ownwell works?
- Enter your property address and get an instant estimate of your potential tax savings based on local market data and our historical tax savings in your area.
- Sign up online and authorize Ownwell to fight your tax bill in less than 5 minutes.
- Sit back and let us get to work. Ownwell handles everything start to finish with no up-front costs. It’s all backed by our industry-leading Savings-or-Free Guarantee.
- When we save you money our fee is just 25% of your savings. If you don't save, you don't pay. We will continue to monitor your property taxes every year to ensure that you never overpay or have to worry about your property taxes again.