Blum, Texas Property Taxes
The median property tax rate in Blum, TX is 1.52%, considerably higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With the median home value in Blum at $110,430, the typical annual property tax bill reaches $1,377, which is below the national median of $2,690. Property taxes in Blum 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 Blum'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 Blum 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
Blum, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Blum, Texas Tax Savings
Ownwell’s Blum Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blum with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blum 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 Blum. 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 Blum, Texas
Property taxes in Blum, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blum is 1.52%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Blum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blum 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 Blum's effective property tax rate to other counties in Texas and the national median. For comparison, the 76627 zip code has the highest median property tax rate of 1.52%, while the 76627 zip code has the lowest median tax rate of 1.52%. Understanding how these cities compare with Blum 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 Blum Tax Rate
1.52%
Average Hill County Tax Rate
1.56%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blum, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76627 | 0.62% | 1.12% | 1.52% | 1.52% | 1.93% |
Source: Ownwell
$1,148
Average Blum Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Blum, Texas
In Blum, 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 Blum, 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. For instance, the median home price in Blum is $110,430, with tax bills ranging from $716 at the 25th percentile to $4,105 at the 90th percentile. The zip code 76627 has the highest median tax bill at $1,377. 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 Blum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Blum Assessed Value
$110,430
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 Blum, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76627 | $22,752 | $52,315 | $110,430 | $219,380 | $400,756 |
Source: Ownwell
$1,148
Average Blum Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Blum, Texas
In Blum, located in Hill County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. With a median home price of $110,430, homeowners can expect varying tax bills. For instance, the 25th percentile tax bill is around $716, while the 75th percentile reaches up to $2,595. At the 90th percentile, homeowners might see tax bills as high as $4,105. These figures highlight the range of property tax burdens in the area, influenced by factors such as property size, location, and improvements. Ownwell can help homeowners in Blum significantly reduce their property tax bills by providing expert property tax appeal and exemption services. Our experienced consultants analyze your property's assessed value, gather relevant data, and build a strong case to challenge unfair assessments. By ensuring your property is assessed accurately, Ownwell helps you achieve potential savings and alleviate the financial strain of high property taxes.
Average Blum Tax Bill
$1,377
Average Hill County Tax Bill
$1,810
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Blum, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76627 | $285 | $716 | $1,377 | $2,595 | $4,105 |
Source: Ownwell
$1,148
Average Blum 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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