Bullard, Texas Property Taxes
The median property tax rate in Bullard, TX is 1.55%, which is higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With a median home value of $177,570 in Bullard, the typical annual property tax bill amounts to $2,395, which is still below the national median of $2,690. Property taxes in Bullard 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 Bullard'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 Bullard or another part of Cherokee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bullard, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Bullard Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Bullard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bullard 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 Bullard, Texas
Property taxes in Bullard, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bullard is 1.55%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bullard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bullard 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 Bullard's effective property tax rate to other counties in Texas and the national median. For comparison, the 75757 zip code has the highest median property tax rate of 1.55%, while the same zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Bullard provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bullard Tax Rate
1.55%
Average Cherokee County Tax Rate
1.52%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bullard, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75757 | 0.89% | 1.25% | 1.55% | 1.74% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Bullard, Texas
In Bullard, 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 Cherokee 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 Bullard, 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 Bullard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bullard are both $2,395, associated with the zip code 75757.
Average Bullard Assessed Value
$177,570
Average Cherokee County Assessed Value
$121,540
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bullard, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75757 | $6,978 | $55,685 | $177,570 | $432,515 | $641,668 |
Source: Ownwell
Property Tax Bills Across Bullard, Texas
In Bullard, Cherokee County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For example, with a median home price of $177,570, homeowners in Bullard can expect varying tax bills. At the 25th percentile, tax bills are around $661, while at the 75th percentile, they can reach up to $6,731. The 90th percentile sees tax bills as high as $9,121. These figures indicate significant variability, reflecting differences in property values and local tax rates. The highest and lowest median tax bills in Bullard are both $2,395, highlighting a range within the community. Compared to the national median property tax rate of 0.99%, Bullard's rates can be quite varied, impacting homeowners differently based on their specific property assessments.
Average Bullard Tax Bill
$2,395
Average Cherokee County Tax Bill
$1,611
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bullard, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75757 | $92 | $661 | $2,395 | $6,731 | $9,121 |
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 | |
|---|---|
| Cherokee Appraisal District | |
| Website | propaccess.trueautomation.com |