Burlington, Texas Property Taxes
The median property tax rate in Burlington, TX is 1.13%, which is considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Burlington at $304,310, the typical annual property tax bill reaches $3,192, exceeding the national median of $2,690. Property taxes in Burlington are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Burlington'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 Burlington 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
Burlington, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$3,439
$3,182
Ownwell’s Burlington Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Burlington using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burlington to provide an estimate of your property tax bill. This practical tool helps you understand your potential tax liabilities. If you’re curious about trends at the neighborhood level, scroll down for more localized information. Your property’s assessed value is determined by Falls County for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Burlington, Texas
Property taxes in Burlington, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burlington is 1.13%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Burlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burlington 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 Burlington's effective property tax rate to other counties in Texas and the national median. For comparison, the 76519 zip code has the highest median property tax rate of 1.13%, while the 76519 zip code has the lowest median tax rate of 1.13%. Understanding how these cities compare with Burlington provides valuable insights into the varying tax landscape across Falls County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burlington Tax Rate
1.13%
Average Falls County Tax Rate
2.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burlington, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76519 | 0.54% | 0.69% | 1.13% | 1.74% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Burlington, Texas
In Burlington, 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 Falls 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 Burlington, 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 Burlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Burlington is $3,192 in zip code 76519, while the lowest is also $3,192 in the same zip code.
Average Burlington Assessed Value
$304,310
Average Falls County Assessed Value
$76,900
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burlington, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76519 | $164,181 | $167,272 | $304,310 | $462,452 | $691,048 |
Source: Ownwell
Property Tax Bills Across Burlington, Texas
In Burlington, Falls 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 example, with a median home price of $304,310, homeowners in Burlington can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. The tax bill can range significantly, with the 25th percentile at $2,651 and the 75th percentile reaching $4,606. For those in the 90th percentile, tax bills can be as high as $6,891. These variations are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Burlington's rates can have a substantial impact on homeowners, potentially leading to higher financial obligations. Understanding these factors can help homeowners better anticipate their annual property tax expenses and plan accordingly.
Average Burlington Tax Bill
$3,192
Average Falls County Tax Bill
$1,609
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Burlington, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76519 | $2,020 | $2,651 | $3,192 | $4,606 | $6,891 |
Source: Ownwell