Wake Village, Bowie County, Texas Property Taxes

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Property Taxes in Wake Village, Texas

Median Wake Village, Texas effective property tax rate: 1.23%, significantly lower than the national median of 1.02%, and higher than the Texas state median of 1.48%.
Median Wake Village, Texas home value: $183,804
Median annual Wake Village, Texas tax bill: $1,993, $407 lower than the national median property tax bill of $2,400.

How are property taxes in Bowie calculated?

Property taxes in Wake Village, Texas are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Wake Village's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wake Village, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Wake Village, Bowie County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.23%

Estimate Property Tax Bill

$2,261

$2,098

How Does the Wake Village Property Tax Calculator Work?

Use this Wake Village property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Wake Village's median effective tax rate of 1.23% — based on actual property records in Bowie County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Wake Village's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Wake Village: rates range from 1.23% in 75501 to 1.23% in 75501, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Wake Village.

About Wake Village Property Taxes

About Property Taxes in Wake Village, Bowie, Texas

Wake Village's median effective property tax rate of 1.23% is lower than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Bowie County base levy combined with local school district levies and Municipal Utility Districts (MUDs) that vary by subdivision throughout the city.

Property tax rates are not uniform across Wake Village. Homeowners in the 75501 ZIP code carry a median effective rate of 1.23%, while those in 75501 pay 1.23%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Bowie County. Understanding which part of Wake Village you live in can make a meaningful difference to your annual tax bill.

Wake Village homeowners who believe their assessed value is too high can file a formal appeal with the local Appraisal District before the May 15, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Wake Village, Bowie County, Texas

As noted earlier, 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 Wake Village's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

Property Tax Rates Across Wake Village, Bowie County, Texas

Source: Ownwell

0.65%

1.26%

1.86%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Wake Village Tax Rate

1.23%

Median Effective Bowie County Tax Rate

1.21%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wake Village, Bowie County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
75501	0.51%	0.82%	1.23%	1.89%	1.92%

Source: Ownwell

Property Tax Assessment Values Across Wake Village, Bowie County, Texas

When examining property taxes in Wake Village, Texas, understanding the distinction between "market value" and "assessed value" is crucial.

The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bowie County appraisal district estimates the market value for tax purposes.

The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In Bowie County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of April.

Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Wake Village.

For example, the median home price in Wake Village is $183,804, with tax bills ranging significantly across the county. 75501 has the highest median home price at $183,804.

Property Tax Assessment Values Across Wake Village, Bowie County, Texas

Source: Ownwell

$25,250

$122,152

$219,054

Median Wake Village Market Value

$183,804

Median Bowie County Market Value

$128,286

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

Property Tax Assessment Values Across Wake Village, Bowie County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
75501	$65,652	$114,346	$183,804	$231,592	$275,529

Source: Ownwell

Property Tax Bills Across Wake Village, Bowie County, Texas

Property tax bills in Wake Village are calculated from the assessed value of a home and the tax rates set by local taxing authorities. When a property’s assessed value rises, the bill can increase unless exemptions or other adjustments apply. The amount a homeowner owes depends on the market value of the home, local tax rates, and any applicable exemptions.

For Wake Village homeowners, the median home price is $183,804, and the median property tax bill in the area is $1,993. That is below the national median property tax bill of $2,400, which can make local taxes feel more manageable than in many parts of the country. Still, bills can vary widely: the 25th percentile is $1,077, while the 75th percentile is $3,076 and the 90th percentile is $4,056.

Because property taxes are based on value and local rates, even small changes in assessment can affect what homeowners pay each year.

Property Tax Bills Across Wake Village, Bowie County, Texas

Source: Ownwell

$408

$1,676

$2,943

Median Wake Village Tax Bill

$1,993

Median Bowie County Tax Bill

$1,239

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across Wake Village, Bowie County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
75501	$501	$1,077	$1,993	$3,076	$4,056

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
Bowie Appraisal District
Website	bowieappraisal.com

Frequently Asked Property Tax Questions in Wake Village, Texas

How are property taxes calculated in Wake Village, Texas?

Property taxes in Wake Village, Texas are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Wake Village, Texas?

To appeal your property taxes in Wake Village, Texas, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Wake Village, Texas?

Common property tax exemptions in Wake Village, Texas include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Wake Village, Texas?

Property tax deadlines in Wake Village, Texas vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Wake Village, Texas?

Ownwell provides professional property tax appeal services in Wake Village, Texas. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.