Birome, Texas Property Taxes
The median property tax rate in Birome, TX is 1.25%, 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 $39,505, the typical annual property tax bill in Birome is about $495, significantly below the national median of $2,690. Property taxes in Birome are determined based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Birome's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Birome or another part of Hill County, grasping the local property tax nuances will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Birome, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$494
$457
$1,148
Average Birome, Texas Tax Savings
Ownwell’s Birome Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Birome with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Birome to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Birome. 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 Birome, Texas
Property taxes in Birome, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Birome is 1.25%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Birome set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birome 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 Birome's effective property tax rate to other counties in Texas and the national median. For comparison, the 76673 zip code has the highest median property tax rate of 1.25%, while the same 76673 zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Birome provides valuable insights into the varying tax landscape across Hill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Birome Tax Rate
1.25%
Average Hill County Tax Rate
1.56%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birome, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76673 | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% |
Source: Ownwell
$1,148
Average Birome Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Birome, Texas
In Birome, 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 Hill 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 Birome, 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 Birome helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Birome are both $495, found in the zip code 76673.
Average Birome Assessed Value
$39,505
Average Hill County Assessed Value
$116,870
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Birome, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76673 | $19,749 | $27,158 | $39,505 | $51,852 | $59,261 |
Source: Ownwell
$1,148
Average Birome Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Birome, Texas
Property tax bills in Birome, located in Hill County, TX, are calculated based on the assessed value of your property and the local tax rate. The median home price in Birome is $39,505. Factors such as property size, location, and market conditions influence the assessed value. The tax bill can range significantly, with the 25th percentile at $341 and the 90th percentile reaching up to $743. For homeowners, this variability can lead to unexpected financial burdens. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing your property’s assessed value and ensuring it's accurate, Ownwell can help you potentially lower your tax bill. Our experts understand the local tax regulations and can identify discrepancies that might be inflating your tax obligations. With our assistance, homeowners in Birome can achieve significant savings and ensure their property tax bills are fair and manageable.
Average Birome Tax Bill
$495
Average Hill County Tax Bill
$1,810
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Birome, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76673 | $248 | $341 | $495 | $650 | $743 |
Source: Ownwell
$1,148
Average Birome Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Hill Appraisal District | |
| Website | esearch.hillcad.org |
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