Borger, Texas Property Taxes
The median property tax rate in Borger, TX is 2.47%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Borger at $60,575, the typical annual property tax bill reaches $1,418, exceeding the national median of $2,690. Property taxes in Borger 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 Borger'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 Borger 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
Borger, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Borger Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Borger with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Borger 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 Borger, Texas
Property taxes in Borger, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Borger is 2.47%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Borger set these rates annually, and they can vary significantly across different neighborhoods. Each year, Borger 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 Borger's effective property tax rate to other counties in Texas and the national median. For comparison, the 79007 zip code has the highest median property tax rate of 2.47%, while the 79007 zip code also has the lowest median tax rate of 2.47%. Understanding how these cities compare with Borger provides valuable insights into the varying tax landscape across Hutchinson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Borger Tax Rate
2.47%
Average Hutchinson County Tax Rate
2.19%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Borger, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79007 | 1.90% | 2.02% | 2.47% | 2.59% | 2.59% |
Source: Ownwell
Property Tax Assessment Values Across Borger, Texas
In Borger, 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 Hutchinson 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 Borger, 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. The median home price in Borger is $60,575, with tax bills ranging from $787 at the 25th percentile to $4,428 at the 90th percentile. The highest and lowest median tax bills both occur in the 79007 zip code, with a value of $1,418. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Borger Assessed Value
$60,575
Average Hutchinson County Assessed Value
$60,035
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Borger, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79007 | $15,900 | $32,722 | $60,575 | $131,395 | $222,342 |
Source: Ownwell
Property Tax Bills Across Borger, Texas
In Borger, located in Hutchinson County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Factors such as location, property size, and home features influence this assessment. Once the assessed value is established, it is multiplied by the local property tax rate to calculate the annual tax bill. For instance, with a median home price of $60,575, homeowners in Borger can expect a range of tax bills. At the 25th percentile, tax bills are around $787, while at the 75th percentile, they rise to approximately $2,837. The highest tax bills, at the 90th percentile, can reach up to $4,428. These tax bills impact homeowners by contributing to the cost of homeownership, influencing monthly mortgage payments, and affecting overall affordability. The median tax rate in Borger is competitive when compared to the national median property tax rate of 0.99%, making it a relatively affordable area for homeowners.
Average Borger Tax Bill
$1,418
Average Hutchinson County Tax Bill
$1,285
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Borger, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79007 | $379 | $787 | $1,418 | $2,837 | $4,428 |
Source: Ownwell