Brownsboro, Texas Property Taxes
The median property tax rate in Brownsboro, TX is 0.77%, which is significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $176,870 in Brownsboro, the typical annual property tax bill is $1,242, well below the national median of $2,690. Property taxes in Brownsboro are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Brownsboro'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 Brownsboro or another part of Van Zandt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brownsboro, 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 Brownsboro, Texas Tax Savings
Ownwell’s Brownsboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brownsboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brownsboro 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 Brownsboro. 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 Brownsboro, Texas
Property taxes in Brownsboro, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brownsboro is 0.77%, which is lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Brownsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brownsboro 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 Brownsboro's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 75756 has the highest median property tax rate of 0.77%, while the same zip code also has the lowest median tax rate of 0.77%. Understanding how these cities compare with Brownsboro provides valuable insights into the varying tax landscape across Van Zandt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brownsboro Tax Rate
0.77%
Average Van Zandt County Tax Rate
0.90%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brownsboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75756 | 0.15% | 0.31% | 0.77% | 1.41% | 1.41% |
Source: Ownwell
$1,148
Average Brownsboro Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Brownsboro, Texas
In Brownsboro, 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 Van Zandt 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 Brownsboro, 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, homeowners in the 75756 zip code experience a median tax bill of $1,242. 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 Brownsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brownsboro Assessed Value
$176,870
Average Van Zandt County Assessed Value
$183,735
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brownsboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75756 | $39,528 | $92,412 | $176,870 | $287,635 | $355,879 |
Source: Ownwell
$1,148
Average Brownsboro Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Brownsboro, Texas
In Brownsboro, located in Van Zandt County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The median home price in Brownsboro is $176,870. Homeowners in the 25th percentile typically see tax bills around $337, while those in the 75th percentile face bills closer to $2,048. The highest median tax bill in the area is $1,242, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These taxes fund essential services such as schools, emergency services, and infrastructure projects, impacting every homeowner in the community. Ownwell can help homeowners in Brownsboro save on their property tax bills by providing expert property tax appeal and exemption services. By challenging inaccurate assessments and identifying eligible exemptions, Ownwell ensures that homeowners pay only their fair share, potentially saving them hundreds or even thousands of dollars annually.
Average Brownsboro Tax Bill
$1,242
Average Van Zandt County Tax Bill
$1,296
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Brownsboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75756 | $158 | $337 | $1,242 | $2,048 | $2,864 |
Source: Ownwell
$1,148
Average Brownsboro Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 17 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Van Zandt Appraisal District | |
| Website | esearch.vzcad.org |
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