Bosque County Property Taxes
The median property tax rate in Bosque County is 1.22%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Bosque County, the typical annual property tax bill reaches $1,864, which is below the national median of $2,690. Property taxes in Bosque County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Bosque County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Clifton or another part of Bosque County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bosque County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$1,941
$1,796
Ownwell’s Bosque County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Bosque County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Bosque County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Bosque County, Texas
Property taxes in Bosque County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Bosque County is 1.22%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Bosque County set these rates annually, and they can vary significantly between different areas within the county. Each year, Bosque County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Bosque County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Valley Mills has one of the higher property tax rates in Texas at 1.40%, while the city of Jonesboro boasts one of the lowest at 0.68%. Analyzing how Bosque County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Bosque County Tax Rate
1.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bosque County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| China Spring | 0.49% | 0.75% | 1.11% | 1.55% | 1.55% |
| Clifton | 0.75% | 0.99% | 1.37% | 1.43% | 1.73% |
| Cranfills Gap | 0.67% | 0.90% | 1.20% | 1.53% | 1.53% |
| Glen Rose | 0.92% | 0.96% | 1.20% | 1.20% | 1.20% |
| Hico | 0.63% | 0.90% | 1.17% | 1.33% | 1.43% |
| Iredell | 0.78% | 1.08% | 1.33% | 1.78% | 1.78% |
| Jonesboro | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| Kopperl | 0.49% | 0.73% | 1.08% | 1.20% | 1.20% |
| Laguna Park | 0.56% | 0.66% | 0.81% | 0.97% | 1.06% |
| Meridian | 0.80% | 1.01% | 1.33% | 1.81% | 1.81% |
| Morgan | 0.60% | 0.84% | 1.20% | 1.20% | 1.59% |
| Valley Mills | 0.75% | 1.03% | 1.40% | 1.72% | 1.84% |
| Walnut Springs | 0.64% | 0.98% | 1.24% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Bosque County, Texas
In Bosque County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Bosque County Appraisal District. The assessed value, however, 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. Assessment notices in Bosque County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Bosque County's median home price is $159,096, with tax bills ranging from $923 at the 25th percentile to $4,585 at the 90th percentile. The highest median tax bill is $4,921 in Glen Rose, while the lowest is $985 in Kopperl. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Bosque County Assessed Value
$159,096
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bosque County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| China Spring | $78,103 | $150,846 | $250,307 | $375,021 | $527,924 |
| Clifton | $49,120 | $104,825 | $176,060 | $286,317 | $448,110 |
| Cranfills Gap | $24,834 | $59,745 | $110,810 | $210,918 | $321,791 |
| Glen Rose | $194,709 | $270,662 | $410,990 | $617,580 | $1,767,739 |
| Hico | $49,708 | $122,196 | $225,228 | $325,902 | $424,020 |
| Iredell | $22,901 | $53,204 | $120,054 | $213,509 | $333,366 |
| Jonesboro | $187,253 | $187,253 | $187,253 | $187,253 | $187,253 |
| Kopperl | $24,973 | $57,495 | $113,552 | $207,602 | $336,564 |
| Laguna Park | $199,303 | $228,258 | $276,516 | $324,775 | $353,730 |
| Meridian | $39,349 | $88,745 | $168,430 | $278,828 | $394,077 |
| Morgan | $26,119 | $65,615 | $139,110 | $243,460 | $356,507 |
| Valley Mills | $33,616 | $88,873 | $163,590 | $272,224 | $388,690 |
| Walnut Springs | $21,928 | $58,568 | $119,756 | $211,803 | $316,130 |
Source: Ownwell
Property Tax Bills Across Bosque County, Texas
In Bosque County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The assessed value is typically a percentage of the home's market value. Various factors, including the property's location, size, and condition, play a role in determining this value. Once the assessed value is established, local tax rates, set by various taxing entities such as school districts, cities, and special districts, are applied to calculate the final tax bill. Homeowners in Bosque County experience a range of property tax bills. For instance, the 25th percentile of tax bills is about $923, while the 75th percentile is around $3,098, and the 90th percentile reaches up to $4,585. These figures highlight the variability in property tax burdens within the county, influenced by the diverse property values and tax rates in different areas. A comparison shows that the highest median tax bill in nearby Glen Rose is $4,921, whereas the lowest in Kopperl is $985, reflecting significant regional differences.
Average Bosque County Tax Bill
$1,864
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bosque County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| China Spring | $552 | $1,237 | $2,764 | $4,722 | $5,974 |
| Clifton | $560 | $1,239 | $2,179 | $3,411 | $5,091 |
| Cranfills Gap | $306 | $725 | $1,360 | $2,291 | $3,489 |
| Glen Rose | $1,991 | $2,653 | $4,921 | $6,588 | $21,166 |
| Hico | $473 | $1,099 | $2,287 | $3,814 | $4,715 |
| Iredell | $311 | $725 | $1,497 | $2,598 | $4,103 |
| Jonesboro | $1,268 | $1,268 | $1,268 | $1,268 | $1,268 |
| Kopperl | $166 | $436 | $985 | $1,932 | $3,321 |
| Laguna Park | $1,888 | $1,911 | $1,949 | $1,987 | $2,010 |
| Meridian | $506 | $1,108 | $2,191 | $3,285 | $4,615 |
| Morgan | $264 | $663 | $1,425 | $2,435 | $3,689 |
| Valley Mills | $416 | $1,141 | $2,132 | $3,380 | $4,864 |
| Walnut Springs | $217 | $604 | $1,417 | $2,543 | $3,557 |
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 | |
|---|---|
| Bosque Appraisal District | |
| Website | esearch.bosquecad.com |