Bear Track Trail, Texas Property Taxes
The median property tax rate in Bear Track Trail, TX is 0.11%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $72,140, the typical annual property tax bill in Bear Track Trail comes to just $92, well below the national median of $2,690. Property taxes here 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 Bear Track Trail'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 Bear Track Trail or another part of Liberty County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bear Track Trail, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.11%
Estimate Property Tax Bill
$79
$73
$1,148
Average Bear Track Trail, Texas Tax Savings
Ownwell’s Bear Track Trail Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bear Track Trail with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bear Track Trail to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Bear Track Trail. 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 Bear Track Trail, Texas
Property taxes in Bear Track Trail, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bear Track Trail is 1.83%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Bear Track Trail set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bear Track Trail 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 Bear Track Trail's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 77406 has the highest median property tax rate of 2.29%, while the zip code 77401 has the lowest median tax rate of 1.18%. Understanding how these cities compare with Bear Track Trail provides valuable insights into the varying tax landscape across Liberty County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bear Track Trail Tax Rate
0.11%
Average Liberty County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bear Track Trail, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Bear Track Trail Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Bear Track Trail, Texas
In Bear Track Trail, 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 Liberty 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 Bear Track Trail, 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 Bear Track Trail helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bear Track Trail is $72,140, with tax bills at the 25th, 75th, and 90th percentiles all being $92.
Average Bear Track Trail Assessed Value
$72,140
Average Liberty County Assessed Value
$88,865
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bear Track Trail, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Bear Track Trail Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Bear Track Trail, Texas
In Bear Track Trail, Liberty County, TX, property tax bills are calculated based on the assessed value of the home, which is determined by the local appraisal district. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $72,140, homeowners can expect varying tax bills depending on specific factors such as exemptions and the exact rate applied. The 25th, 75th, and 90th percentile tax bills in this area are all $92, indicating a consistent tax rate application. Factors that influence the tax bill include the property's assessed value, any applicable exemptions, and the local tax rate. High property taxes can significantly impact homeowners, making it essential to ensure their property is not over-assessed. Ownwell can assist homeowners by appealing incorrect property assessments and identifying potential exemptions, helping to reduce the overall tax burden. By leveraging expert knowledge and local market insights, Ownwell ensures homeowners pay only their fair share in property taxes, potentially saving them hundreds of dollars annually.
Average Bear Track Trail Tax Bill
$92
Average Liberty County Tax Bill
$1,071
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bear Track Trail, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Bear Track Trail Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Liberty Appraisal District | |
| Website | esearch.libertycad.com |
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