Bend, Texas Property Taxes
The median property tax rate in Bend, TX is 0.11%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Bend at $172,170, the typical annual property tax bill is $194, which is well below the national median of $2,690. Property taxes in Bend are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Bend's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bend 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
Bend, 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 Bend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bend 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 Bend, Texas
Property taxes in Bend, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bend is 1.81%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bend 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 Bend's effective property tax rate to other counties in Texas and the national median. For comparison, the 78701 zip code has the highest median property tax rate of 1.81%, while the 78702 zip code has the lowest median tax rate of 1.81%. Understanding how these cities compare with Bend provides valuable insights into the varying tax landscape across Lampasas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bend Tax Rate
0.11%
Average Lampasas County Tax Rate
0.89%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bend, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76824 | 0.11% | 0.11% | 0.11% | 0.38% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Bend, Texas
In Bend, 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 Lampasas 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 Bend, 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. Being aware of these valuation processes in Bend helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Bend is $194.00 in the 76824 zip code, while the lowest median tax bill is also $194.00 in the same zip code.
Average Bend Assessed Value
$172,170
Average Lampasas County Assessed Value
$268,280
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bend, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76824 | $111,714 | $134,385 | $172,170 | $196,565 | $211,202 |
Source: Ownwell
Property Tax Bills Across Bend, Texas
In Bend, located in Lampasas County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Bend is $172,170, which provides a benchmark for understanding typical property tax bills in the area. Homeowners in Bend can expect their property tax bills to vary significantly. For instance, those in the 25th percentile may see bills around $149, while those in the 75th percentile might receive bills closer to $804. At the 90th percentile, property tax bills can reach up to $1,170. The highest and lowest median tax bills in the area both stand at $194, indicating some level of uniformity within specific zip codes. These property tax rates can impact homeowners by influencing their annual financial planning and potentially affecting home affordability.
Average Bend Tax Bill
$194
Average Lampasas County Tax Bill
$2,214
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bend, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76824 | $121 | $149 | $194 | $804 | $1,170 |
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 | |
|---|---|
| Lampasas Appraisal District | |
| Website | www.lampasascad.org |