Jacksboro, Texas Property Taxes
The median property tax rate in Jacksboro, TX is 1.52%, which is considerably higher than the national median of 0.99% yet lower than the Texas state median of 1.67%. With the median home value in Jacksboro at $117,420, the typical annual property tax bill reaches $1,778, falling below the national median of $2,690. Property taxes in Jacksboro 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 Jacksboro'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 Jacksboro 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
Jacksboro, 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 Jacksboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jacksboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jacksboro 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 Jacksboro, Texas
Property taxes in Jacksboro, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jacksboro is 1.52%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Jacksboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jacksboro 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 Jacksboro's effective property tax rate to other counties in Texas and the national median. For comparison, the 76458 zip code has the highest median property tax rate of 1.52%, while the same zip code also has the lowest median tax rate of 1.52%. Understanding how these cities compare with Jacksboro 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 Jacksboro Tax Rate
1.52%
Average Jack County Tax Rate
1.42%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jacksboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76458 | 0.61% | 0.95% | 1.52% | 2.55% | 2.55% |
Source: Ownwell
Property Tax Assessment Values Across Jacksboro, Texas
In Jacksboro, 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 Jacksboro, 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. The median home price in Jacksboro is $117,420, with tax bills ranging from $856 at the 25th percentile to $4,670 at the 90th percentile. The highest and lowest median tax bill, both at $1,778, are found in the 76458 zip code. Being aware of these valuation processes in Jacksboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jacksboro Assessed Value
$117,420
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 Jacksboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76458 | $25,102 | $59,410 | $117,420 | $209,335 | $352,710 |
Source: Ownwell
Property Tax Bills Across Jacksboro, Texas
In Jacksboro, 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 county appraisal district, which evaluates the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $117,420, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors such as property improvements, location, and market trends can influence the assessed value. Homeowners in Jacksboro typically see tax bills ranging from $856 at the 25th percentile to $4,670 at the 90th percentile, with a significant portion falling around the median tax bill of $1,778. This is notably lower than the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their annual property tax obligations and budget accordingly.
Average Jacksboro Tax Bill
$1,778
Average Jack County Tax Bill
$1,539
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Jacksboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76458 | $350 | $856 | $1,778 | $3,094 | $4,670 |
Source: Ownwell