Blanket, Texas Property Taxes
The median property tax rate in Blanket, TX is 1.17%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $147,270 in Blanket, the typical annual property tax bill is $1,433, falling below the national median of $2,690. Property taxes in Blanket are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Blanket's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Blanket or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blanket, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,723
$1,594
Ownwell’s Blanket Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blanket with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blanket to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Blanket, Texas
Property taxes in Blanket, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blanket is 1.17%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Blanket set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blanket estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Blanket's effective property tax rate to other counties in Texas and the national median. For comparison, the 76432 zip code has the highest median property tax rate of 1.17%, while the 76432 zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Blanket provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blanket Tax Rate
1.17%
Average Brown County Tax Rate
1.58%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blanket, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76432 | 0.43% | 0.78% | 1.17% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Blanket, Texas
In Blanket, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Brown County Appraisal District for tax purposes. In contrast, the assessed value 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. In Blanket, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Blanket helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Blanket is $147,270, with the highest and lowest median tax bills both recorded at $1,433 in the 76432 zip code.
Average Blanket Assessed Value
$147,270
Average Brown County Assessed Value
$114,110
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blanket, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76432 | $27,355 | $64,120 | $147,270 | $304,715 | $541,690 |
Source: Ownwell
Property Tax Bills Across Blanket, Texas
In Blanket, located in Brown County, TX, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in Blanket is $147,270, which serves as the foundation for determining the tax bill. Local authorities assess properties annually to establish their taxable value. The tax rate, applied to this assessed value, ultimately determines the amount homeowners owe. Several factors influence the tax bill, including property size, location, and improvements made to the home. For instance, the 25th percentile tax bill is $734, while the 75th percentile reaches $2,481, and the 90th percentile can be as high as $3,976. Comparatively, the national median property tax rate is 0.99%, highlighting how local rates and property values can significantly impact tax obligations. For homeowners in Blanket, understanding these elements is crucial for financial planning, as property taxes represent a significant annual expense.
Average Blanket Tax Bill
$1,433
Average Brown County Tax Bill
$1,714
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Blanket, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76432 | $319 | $734 | $1,433 | $2,481 | $3,976 |
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 | |
|---|---|
| Brown Appraisal District | |
| Website | propaccess.trueautomation.com |