Bullard, Texas Property Taxes
The median property tax rate in Bullard, TX is 1.66%, slightly lower than the Texas state median of 1.67% but still considerably higher than the national median of 0.99%. With a median home value in Bullard of $307,661, the typical annual property tax bill reaches $5,183, significantly exceeding the national median of $2,690. Property taxes in Bullard are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Bullard'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 Bullard 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
Bullard, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Bullard, Texas Tax Savings
Ownwell’s Bullard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bullard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bullard 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 Bullard. 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 Bullard, Texas
Property taxes in Bullard, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bullard is 1.66%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bullard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bullard 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 Bullard's effective property tax rate to other counties in Texas and the national median. For comparison, the 75757 zip code has the highest median property tax rate of 1.66%, while the same 75757 zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Bullard provides valuable insights into the varying tax landscape across Smith County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bullard Tax Rate
1.66%
Average Smith County Tax Rate
1.53%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bullard, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75757 | 1.30% | 1.39% | 1.66% | 1.99% | 2.23% |
Source: Ownwell
$1,148
Average Bullard Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Bullard, Texas
In Bullard, 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 Smith 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 Bullard, 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 Bullard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 75757, with a median bill of $5,183, while the lowest is also 75757, with the same median bill of $5,183.
Average Bullard Assessed Value
$307,661
Average Smith County Assessed Value
$202,951
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bullard, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75757 | $72,581 | $182,891 | $307,661 | $459,628 | $619,266 |
Source: Ownwell
$1,148
Average Bullard Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Bullard, Texas
In Bullard, Smith County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the home's market value. For example, with a median home price of $307,661, homeowners can expect varying tax bills, ranging from $3,118 at the 25th percentile to $10,379 at the 90th percentile. These figures highlight the significant impact property taxes can have on household budgets. Several factors influence the tax bill, including property size, improvements, and market conditions. The local tax rate is applied to the assessed value to determine the final tax amount. Given the national median property tax rate of 0.99%, the rates in Bullard can be relatively higher, putting a strain on homeowners. Ownwell can help homeowners in Bullard save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and identifying potential discrepancies, Ownwell ensures you pay only your fair share, potentially saving you thousands of dollars annually.
Average Bullard Tax Bill
$5,183
Average Smith County Tax Bill
$2,997
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bullard, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75757 | $1,129 | $3,118 | $5,183 | $7,755 | $10,379 |
Source: Ownwell
$1,148
Average Bullard Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 22 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Smith Appraisal District | |
| Phone | (903) 510-8600 |
| Website | www.smithcad.org |
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