Runaway Bay, Wise County, Texas Property Taxes
Property Taxes in Runaway Bay, Texas
Median Runaway Bay, Texas effective property tax rate: 1.08%, significantly lower than the national median of 1.02%, and lower than the Texas state median of 1.48%.
Median Runaway Bay, Texas home value: $272,165
Median annual Runaway Bay, Texas tax bill: $2,119, $281 lower than the national median property tax bill of $2,400.
How are property taxes in Wise calculated?
Property taxes in Runaway Bay, 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 Runaway Bay's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Runaway Bay, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Runaway Bay, Wise County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.08%
Estimate Property Tax Bill
$2,939
$2,728
How Does the Runaway Bay Property Tax Calculator Work?
Use this Runaway Bay property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Runaway Bay's median effective tax rate of 1.08% — based on actual property records in Wise 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 Runaway Bay'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 Runaway Bay: rates range from 1.08% in 76426 to 1.08% in 76426, 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 Runaway Bay.
About Runaway Bay Property Taxes
About Property Taxes in Runaway Bay, Wise, Texas
Runaway Bay’s median effective property tax rate of 1.08% is lower than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Wise County base levy combined with local school district levies and Municipal Utility Districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Runaway Bay. Homeowners in ZIP code 76426 carry a median effective rate of 1.08%, and the same ZIP code also reflects a median tax bill of $2,119. That means the local tax burden is shaped more by assessed value and district boundaries than by ZIP-level variation.
Runaway Bay 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 Runaway Bay, Wise 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 Runaway Bay's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.
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 Runaway Bay Tax Rate
1.08%
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 Wise County Tax Rate
0.66%
Median Effective Texas Tax Rate
1.48%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Runaway Bay, Wise County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76426 | 0.18% | 0.43% | 1.08% | 1.51% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Runaway Bay, Wise County, Texas
When examining property taxes in Runaway Bay, 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 Wise 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 Wise County, assessment notices are sent in April each year.
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. For example, the median home price in Runaway Bay is $272,165, with tax bills ranging significantly across the county. Zip code 76426 has the highest median home price at $272,165.
Property Tax Assessment Values Across Runaway Bay, Wise County, Texas
Source: Ownwell
$158,076
$245,281
$332,485
Median Runaway Bay Market Value
$272,165
Median Wise County Market Value
$278,338
Median Texas Market Value
$258,851
Median United States Market Value
$235,294
Property Tax Assessment Values Across Runaway Bay, Wise County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76426 | $31,451 | $151,470 | $272,165 | $350,425 | $474,508 |
Source: Ownwell
Property Tax Bills Across Runaway Bay, Wise County, Texas
Property tax bills in Runaway Bay are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. That means the bill depends on how the home is valued, not just on the purchase price. For homeowners, this can make taxes rise when market values increase, even if nothing changes about the home itself.
In Wise County, the median home price is $272,165, and the median tax bill is $2,119. That is below the national median property tax bill of $2,400, but some homeowners still see much higher bills depending on their property’s assessed value and exemptions. Bills in the area can vary widely, with the 25th percentile at $642 and the 75th percentile at $4,115. At the high end, the 90th percentile reaches $5,818, showing how much property taxes can differ from one homeowner to another.
Median Runaway Bay Tax Bill
$2,119
Median Wise County Tax Bill
$1,456
Median Texas Tax Bill
$3,441
Median United States Tax Bill
$2,400
Property Tax Bills Across Runaway Bay, Wise County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76426 | $180 | $642 | $2,119 | $4,115 | $5,818 |
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 | |
|---|---|
| Wise Appraisal District | |
| Website | esearch.wise-cad.com |