Average Tax Assessment in Wise County
Real Estate Values and Property Tax Valuation in Wise County, Texas
Wise County has 28,898 properties with a cumulative value of $7.0B, representing 0.33% of all real estate value in Texas. Property taxes in Wise County totaled $84.2M, with an average homeowner paying $2,935 in property taxes, which is lower than the state average of $4,015. The average property tax rate in Wise County is 1.20%, while the state average is 1.69%. Properties are typically valued for tax purposes based on their 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 | |
---|---|
TexasFile Clerk Records | - |
Wise Appraisal District | (940) 627-3081 |
Wise Clerk | (940) 627-3351 |
Wise Clerk of Circuit Court | (276) 328-6111 |
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 Wise County
Residential Property Taxes by Cities in Wise County
Wise County has an average property tax rate of 1.20%, which is slightly lower than the state average of 1.33%. This rate is applied to the assessed value of a property to calculate the total property taxes due. The average Wise County property tax bill is $2,935, which is slightly lower than the state average of $3,072.
Property tax rates vary across the cities in Wise County. Runaway Bay has the highest effective property tax rate at 1.68%, while Sunset has the lowest effective property tax rate at 0.81%. This means that homeowners in Runaway Bay will pay more in property taxes than homeowners in Sunset. However, the total amount of taxes paid will depend on the assessed value of the property.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Wise 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 |
---|---|---|---|---|---|
Alvord | $54,608 | $109,040 | $184,330 | $307,228 | $506,707 |
Aurora | $27,201 | $61,050 | $195,645 | $429,542 | $557,151 |
Azle | $78,610 | $124,970 | $157,120 | $210,505 | $303,370 |
Boyd | $43,765 | $105,540 | $189,535 | $305,852 | $456,595 |
Bridgeport | $30,498 | $84,655 | $149,950 | $244,122 | $367,864 |
Chico | $29,150 | $68,125 | $141,376 | $267,448 | $482,855 |
Decatur | $69,448 | $142,600 | $240,510 | $375,088 | $524,232 |
Newark | $24,564 | $62,390 | $157,130 | $245,758 | $343,468 |
Paradise | $59,072 | $135,152 | $243,945 | $367,848 | $469,085 |
Rhome | $59,787 | $110,550 | $186,345 | $287,592 | $414,780 |
Runaway Bay | $47,304 | $116,460 | $197,320 | $256,590 | $346,762 |
Springtown | $43,332 | $106,092 | $181,665 | $291,382 | $409,017 |
Sunset | $44,705 | $111,412 | $236,665 | $428,068 | $631,680 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Wise County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Alvord | $369 | $1,148 | $2,299 | $3,735 | $5,224 |
Aurora | $240 | $706 | $2,305 | $6,647 | $9,736 |
Azle | $468 | $1,046 | $1,969 | $2,751 | $3,993 |
Boyd | $322 | $908 | $2,022 | $3,651 | $5,489 |
Bridgeport | $254 | $916 | $2,070 | $3,434 | $4,979 |
Chico | $212 | $633 | $1,682 | $3,050 | $4,955 |
Decatur | $549 | $1,554 | $3,114 | $4,867 | $6,562 |
Newark | $196 | $794 | $2,199 | $3,843 | $5,559 |
Paradise | $365 | $1,101 | $2,631 | $4,633 | $6,011 |
Rhome | $564 | $1,274 | $2,756 | $4,542 | $6,387 |
Runaway Bay | $600 | $1,618 | $3,194 | $4,607 | $6,428 |
Springtown | $274 | $808 | $1,918 | $3,432 | $5,147 |
Sunset | $294 | $775 | $1,861 | $3,726 | $5,699 |
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 |
---|---|---|---|---|---|
Alvord | 0.68% | 1.05% | 1.25% | 1.22% | 1.03% |
Aurora | 0.88% | 1.16% | 1.18% | 1.55% | 1.75% |
Azle | 0.60% | 0.84% | 1.25% | 1.31% | 1.32% |
Boyd | 0.74% | 0.86% | 1.07% | 1.19% | 1.20% |
Bridgeport | 0.83% | 1.08% | 1.38% | 1.41% | 1.35% |
Chico | 0.73% | 0.93% | 1.19% | 1.14% | 1.03% |
Decatur | 0.79% | 1.09% | 1.29% | 1.30% | 1.25% |
Newark | 0.80% | 1.27% | 1.40% | 1.56% | 1.62% |
Paradise | 0.62% | 0.81% | 1.08% | 1.26% | 1.28% |
Rhome | 0.94% | 1.15% | 1.48% | 1.58% | 1.54% |
Runaway Bay | 1.27% | 1.39% | 1.62% | 1.80% | 1.85% |
Springtown | 0.63% | 0.76% | 1.06% | 1.18% | 1.26% |
Sunset | 0.66% | 0.70% | 0.79% | 0.87% | 0.90% |
Reduce your property tax bill with Ownwell!
Real Estate Values in Wise County
The data from Redfin shows that the median home price in Wise County, Texas has increased by 13.20% from October 2022 to October 2023. This indicates that the housing market in Wise County is strong and that home prices are on the rise. Additionally, the home inventory in Wise County has increased by 33.2%, indicating that there is an increased demand for housing in the area. This suggests that the housing market in Wise County is healthy and that home prices are likely to continue to rise in the future.
Average Home Value in Wise County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Wise County
Last updated: November 2023
Percent Change in New Home Listings in Wise County
Last updated: November 2023
Reduce your property tax bill with Ownwell
Mortgage Rates in Wise County
Wise County has a total of $5.1 billion in outstanding home mortgage loans, with an estimated 9,500 loans in total. This represents a significant portion of the county's total home value, and is a testament to the strength of the local housing market. The median mortgage rate in Wise County varies across cities, with Azle having the highest rate of 4.11%, and Newark having the lowest rate of 3.75%. This variation in rates across cities demonstrates the importance of shopping around for the best rate when looking for a mortgage. With the right research and a bit of luck, homebuyers in Wise County can find a great deal on their mortgage.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Wise County by city.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Alvord | $40,937 | $76,664 | $134,772 | $218,826 | $344,913 |
Aurora | $62,143 | $135,789 | $231,492 | $334,592 | $448,727 |
Azle | $32,828 | $60,030 | $116,555 | $172,837 | $255,316 |
Boyd | $47,042 | $91,138 | $164,987 | $253,301 | $350,065 |
Bridgeport | $35,114 | $69,966 | $123,625 | $204,545 | $303,447 |
Chico | $33,012 | $64,911 | $137,895 | $223,858 | $350,323 |
Decatur | $59,746 | $114,845 | $190,240 | $277,409 | $372,456 |
Newark | $61,223 | $109,282 | $186,392 | $240,600 | $285,727 |
Paradise | $47,096 | $102,366 | $190,809 | $273,928 | $355,806 |
Rhome | $35,451 | $82,764 | $142,361 | $214,530 | $300,297 |
Runaway Bay | $56,015 | $94,351 | $139,038 | $207,947 | $277,491 |
Springtown | $39,980 | $68,339 | $131,784 | $231,986 | $349,450 |
Sunset | $35,341 | $68,247 | $140,378 | $288,895 | $406,042 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Wise County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Alvord | 2.90% | 3.40% | 3.97% | 4.70% | 5.92% |
Aurora | 2.97% | 3.48% | 3.94% | 4.46% | 5.78% |
Azle | 2.80% | 3.12% | 4.11% | 4.90% | 6.07% |
Boyd | 2.90% | 3.44% | 3.97% | 4.53% | 6.12% |
Bridgeport | 2.90% | 3.44% | 4.03% | 4.90% | 6.12% |
Chico | 2.90% | 3.50% | 3.99% | 4.83% | 6.15% |
Decatur | 2.90% | 3.38% | 3.93% | 4.51% | 5.78% |
Newark | 2.71% | 2.90% | 3.75% | 4.37% | 5.19% |
Paradise | 2.90% | 3.40% | 3.96% | 4.75% | 5.94% |
Rhome | 2.88% | 3.41% | 3.99% | 4.67% | 6.04% |
Runaway Bay | 2.90% | 3.43% | 4.00% | 4.64% | 6.06% |
Springtown | 2.90% | 3.56% | 4.04% | 4.80% | 6.14% |
Sunset | 2.90% | 3.50% | 3.94% | 4.70% | 5.79% |
Housing Expenses in Wise 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.