Byers, Texas Property Taxes
The median property tax rate in Byers, TX is 2.00%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Byers at $73,270, the typical annual property tax bill reaches $1,400, which is below the national median of $2,690. Property taxes in Byers are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Byers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Byers 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
Byers, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2%
Estimate Property Tax Bill
$1,465
$1,356
Ownwell’s Byers Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Byers with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Byers 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 Byers, Texas
Property taxes in Byers, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Byers is 2.00%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Byers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Byers 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 Byers' effective property tax rate to other counties in Texas and the national median. For comparison, the 76357 zip code has the highest median property tax rate of 2.00%, while the 76357 zip code also has the lowest median tax rate of 2.00%. Understanding how these cities compare with Byers 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 Byers Tax Rate
2.00%
Average Clay County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Byers, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76357 | 1.61% | 1.61% | 2.00% | 2.00% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Byers, Texas
In Byers, 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 Byers, 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 Byers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest and lowest median tax bills in Byers are both found in the 76357 zip code, each amounting to $1,400.
Average Byers Assessed Value
$73,270
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 Byers, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76357 | $6,914 | $32,620 | $73,270 | $135,170 | $203,906 |
Source: Ownwell
Property Tax Bills Across Byers, Texas
In Byers, located in Clay County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $73,270, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any available exemptions or deductions. The tax bills in Byers can range significantly, with the 25th percentile at $571 and the 75th percentile at $2,570. The highest median tax bill in the area is $1,400. These property taxes play a crucial role in funding local services such as schools, infrastructure, and emergency services. For homeowners, understanding how these taxes are calculated and what factors affect them can help in financial planning and potentially appealing for a lower assessed value to reduce their tax burden.
Average Byers Tax Bill
$1,400
Average Clay County Tax Bill
$1,547
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Byers, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76357 | $100 | $571 | $1,400 | $2,570 | $3,609 |
Source: Ownwell