Bowie, Texas Property Taxes
The median property tax rate in Bowie, TX is 1.02%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $112,180 in Bowie, the typical annual property tax bill amounts to $1,322, which is below the national median of $2,690. Property taxes in Bowie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bowie'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 Bowie 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
Bowie, 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 Bowie Property Tax Bill Calculator assists any homeowner, real estate investor, or potential owner in estimating their annual property taxes in Bowie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bowie 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 Bowie, Texas
Property taxes in Bowie, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bowie is 1.02%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bowie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bowie 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 Bowie's effective property tax rate to other counties in Texas and the national median. For comparison, the 76230 zip code has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Bowie provides valuable insights into the varying tax landscape across Jack County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bowie Tax Rate
1.02%
Average Jack County Tax Rate
1.42%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bowie, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76230 | 0.39% | 0.71% | 1.02% | 1.60% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Bowie, Texas
In Bowie, 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 Jack 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 Bowie, 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, in Bowie, the median home price is $112,180, and the tax bill can range from $453 at the 25th percentile to $4,004 at the 90th percentile. The highest and lowest median tax bills are both found in the 76230 zip code, amounting to $1,322. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bowie Assessed Value
$112,180
Average Jack County Assessed Value
$110,330
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bowie, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76230 | $20,702 | $47,818 | $112,180 | $214,158 | $446,177 |
Source: Ownwell
Property Tax Bills Across Bowie, Texas
In Bowie, located in Jack 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 local tax assessor and reflects the market value of the property. The tax rate, set by local taxing authorities, is applied to the assessed value to calculate the annual tax bill. Homeowners in Bowie experience varying tax bills, with the 25th percentile paying around $453 and the 75th percentile facing bills up to $2,309. At the 90th percentile, tax bills can reach as high as $4,004. The median home price in Bowie is $112,180, which influences the overall property tax burden. Compared to the national median property tax rate of 0.99%, Bowie's rates can significantly impact homeowners, depending on their property's assessed value. These taxes fund essential local services such as schools, infrastructure, and emergency services, directly affecting the community's quality of life.
Average Bowie Tax Bill
$1,322
Average Jack County Tax Bill
$1,539
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bowie, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76230 | $144 | $453 | $1,322 | $2,309 | $4,004 |
Source: Ownwell