Blooming Grove, Texas Property Taxes
The median property tax rate in Blooming Grove, TX is 0.83%, which is notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Blooming Grove at $168,610, the typical annual property tax bill is approximately $1,341, significantly below the national median of $2,690. Property taxes in Blooming Grove are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural use. Gaining an understanding of Blooming Grove'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 Blooming Grove or another part of Navarro County, comprehending the local property tax system can benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blooming Grove, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,399
$1,295
Ownwell’s Blooming Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blooming Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blooming Grove 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 Navarro County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Blooming Grove, Texas
Property taxes in Blooming Grove, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blooming Grove is 0.83%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Blooming Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blooming Grove 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 Blooming Grove's effective property tax rate to other counties in Texas and the national median. For comparison, the 76626 zip code has the highest median property tax rate of 0.83%, while the 76626 zip code has the lowest median tax rate of 0.83%. Understanding how these cities compare with Blooming Grove provides valuable insights into the varying tax landscape across Navarro County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blooming Grove Tax Rate
0.83%
Average Navarro County Tax Rate
1.05%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blooming Grove, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76626 | 0.27% | 0.52% | 0.83% | 1.13% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Blooming Grove, Texas
In Blooming Grove, 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 Navarro 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 Blooming Grove, 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, Blooming Grove has a median home price of $168,610. The tax bills in the region vary significantly, with the 25th percentile tax bill being $618 and the 75th percentile tax bill reaching $2,449. The highest and lowest median tax bills are both $1,341, found in zip code 76626. 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 Blooming Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Blooming Grove Assessed Value
$168,610
Average Navarro County Assessed Value
$152,655
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blooming Grove, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76626 | $49,900 | $94,205 | $168,610 | $296,765 | $480,979 |
Source: Ownwell
Property Tax Bills Across Blooming Grove, Texas
In Blooming Grove, located in Navarro County, TX, property tax bills are calculated based on the assessed value of a home and the local property tax rate. The assessed value is determined by the county appraisal district, reflecting the market value of the property. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For example, with a median home price of $168,610, property owners in Blooming Grove face varying tax bills. The 25th percentile tax bill is approximately $618, while the 75th percentile reaches $2,449, and the 90th percentile can be as high as $3,580. These figures illustrate the range of property tax obligations homeowners might encounter, influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Blooming Grove's tax rates can significantly impact homeowners, making it crucial for them to understand and manage their property tax liabilities effectively.
Average Blooming Grove Tax Bill
$1,341
Average Navarro County Tax Bill
$1,415
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Blooming Grove, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76626 | $216 | $618 | $1,341 | $2,449 | $3,580 |
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 | |
|---|---|
| Navarro Appraisal District | |
| Website | esearch.navarrocad.com |