Bremond, Texas Property Taxes
The median property tax rate in Bremond, TX is 1.18%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Bremond at $85,834, the typical annual property tax bill amounts to $811, which is significantly less than the national median of $2,690. Property taxes in Bremond are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bremond'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 Bremond 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
Bremond, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,013
$937
Ownwell’s Bremond Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bremond with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bremond 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 Bremond, Texas
Property taxes in Bremond, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bremond is 1.18%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bremond set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bremond 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 Bremond's effective property tax rate to other counties in Texas and the national median. For comparison, the 76629 zip code has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Bremond provides valuable insights into the varying tax landscape across Robertson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bremond Tax Rate
1.18%
Average Robertson County Tax Rate
1.09%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bremond, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76629 | 0.29% | 0.65% | 1.18% | 1.61% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Bremond, Texas
In Bremond, 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 Robertson 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 Bremond, 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 Bremond is $85,834, with tax bills ranging from $330 at the 25th percentile to $3,026 at the 90th percentile. The highest and lowest median tax bills are both $811 in the 76629 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 Bremond Assessed Value
$85,834
Average Robertson County Assessed Value
$118,900
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bremond, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76629 | $13,996 | $36,373 | $85,834 | $207,766 | $347,128 |
Source: Ownwell
Property Tax Bills Across Bremond, Texas
In Bremond, located in Robertson 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 and is intended to reflect the home's market value. For example, with a median home price of $85,834, the tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Bremond can expect tax bills to vary significantly. The 25th percentile tax bill is around $330, while the 75th percentile sees bills up to $1,731. At the 90th percentile, tax bills can reach as high as $3,026. These property taxes fund essential public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Bremond's tax rates can be relatively favorable, offering homeowners a balanced approach to property taxation.
Average Bremond Tax Bill
$811
Average Robertson County Tax Bill
$993
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bremond, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76629 | $126 | $330 | $811 | $1,731 | $3,026 |
Source: Ownwell