Bluegrove, Texas Property Taxes
The median property tax rate in Bluegrove, TX is 1.21%, 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 $47,250, the typical annual property tax bill in Bluegrove amounts to $709, significantly lower than the national median of $2,690. Property taxes in Bluegrove are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bluegrove's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in Bluegrove or another part of Clay County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bluegrove, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$572
$529
Ownwell’s Bluegrove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bluegrove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bluegrove 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 Bluegrove, Texas
Property taxes in Bluegrove, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bluegrove is 1.21%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bluegrove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bluegrove 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 Bluegrove's effective property tax rate to other counties in Texas and the national median. For comparison, the 76352 zip code has the highest median property tax rate of 1.21%, while the 76352 zip code has the lowest median tax rate of 1.21%. Understanding how these cities compare with Bluegrove provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bluegrove Tax Rate
1.21%
Average Clay County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bluegrove, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76352 | 0.71% | 0.90% | 1.21% | 1.52% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Bluegrove, Texas
In Bluegrove, 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 Clay 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 Bluegrove, 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. The zip code 76352 has both the highest and lowest median tax bill at $709. Being aware of these valuation processes in Bluegrove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bluegrove Assessed Value
$47,250
Average Clay County Assessed Value
$87,850
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bluegrove, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76352 | $29,290 | $36,025 | $47,250 | $58,475 | $65,210 |
Source: Ownwell
Property Tax Bills Across Bluegrove, Texas
Property tax bills in Bluegrove, located in Clay County, TX, are calculated based on the assessed value of a homeowner's property and the local tax rate. The median home price in Bluegrove is $47,250. Property tax rates are applied to this assessed value to determine the annual tax bill. For example, homeowners in the 25th percentile can expect a tax bill around $428, while those in the 75th percentile face bills closer to $990. At the 90th percentile, tax bills can reach up to $1,159. Several factors influence these tax bills, including property location, market conditions, and any applicable exemptions. The highest and lowest median tax bills in the 76352 zip code are both $709, showing some consistency in tax assessments within this area. Compared to the national median property tax rate of 0.99%, Bluegrove's rates can significantly impact homeowners, particularly those with properties valued above the median. Understanding these factors helps homeowners anticipate their financial obligations more accurately.
Average Bluegrove Tax Bill
$709
Average Clay County Tax Bill
$1,547
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bluegrove, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76352 | $259 | $428 | $709 | $990 | $1,159 |
Source: Ownwell