Blossom, Texas Property Taxes
The median property tax rate in Blossom, TX is 0.89%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $124,450, the typical annual property tax bill in Blossom amounts to $1,062, significantly below the national median of $2,690. Property taxes in Blossom are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Blossom's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're residing in the heart of Blossom or another part of Lamar County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blossom, 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 Blossom Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blossom with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blossom 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 Blossom, Texas
Property taxes in Blossom, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blossom is 0.89%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Blossom set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blossom 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 Blossom's effective property tax rate to other counties in Texas and the national median. For comparison, the 75416 zip code has the highest median property tax rate of 0.89%, while the 75416 zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Blossom provides valuable insights into the varying tax landscape across Lamar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blossom Tax Rate
0.89%
Average Lamar County Tax Rate
1.12%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blossom, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75416 | 0.32% | 0.54% | 0.89% | 1.69% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Blossom, Texas
In Blossom, 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 Lamar 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. Assessment notices in Blossom 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. Blossom's median home price is $124,450, with tax bills ranging from $469 at the 25th percentile to $2,606 at the 90th percentile. The highest and lowest median tax bills in Blossom are both $1,062, found in the 75416 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Blossom Assessed Value
$124,450
Average Lamar County Assessed Value
$126,530
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blossom, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75416 | $30,522 | $73,475 | $124,450 | $181,885 | $261,906 |
Source: Ownwell
Property Tax Bills Across Blossom, Texas
In Blossom, part of Lamar County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. The assessed value is often a percentage of the market value of the property. Homeowners in Blossom experience a range of tax bills, with the 25th percentile paying around $469 and the 75th percentile facing bills up to $1,904. At the 90th percentile, tax bills can reach as high as $2,606, reflecting the variability in property values and tax rates within the area. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Blossom may find their tax rates to be either more or less burdensome depending on specific local rates and valuations. These property taxes fund essential community services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Blossom Tax Bill
$1,062
Average Lamar County Tax Bill
$1,230
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Blossom, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75416 | $162 | $469 | $1,062 | $1,904 | $2,606 |
Source: 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 | |
|---|---|
| Lamar Appraisal District | |
| Website | esearch.lamarcad.org |