Brookshire, Texas Property Taxes
The median property tax rate in Brookshire, TX is 2.30%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Brookshire at $262,765, the typical annual property tax bill reaches $5,223, exceeding the national median of $2,690. Property taxes in Brookshire are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brookshire'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 Brookshire 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
Brookshire, 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 Brookshire, Texas Tax Savings
Ownwell’s Brookshire Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brookshire with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brookshire 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 Brookshire. 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 Brookshire, Texas
Property taxes in Brookshire, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brookshire is 2.30%, significantly higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Brookshire set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brookshire 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 Brookshire's effective property tax rate to other counties in Texas and the national median. For comparison, the 77423 zip code has the highest median property tax rate of 2.30%, while the 77423 zip code also has the lowest median tax rate of 2.30%. Understanding how these cities compare with Brookshire provides valuable insights into the varying tax landscape across Waller County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brookshire Tax Rate
2.30%
Average Waller County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brookshire, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77423 | 1.33% | 1.73% | 2.30% | 2.39% | 2.84% |
Source: Ownwell
$1,148
Average Brookshire Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Brookshire, Texas
In Brookshire, 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 Waller 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 Brookshire, 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, the median home price in Brookshire is $262,765, with tax bills ranging from $2,328 at the 25th percentile to $10,769 at the 90th percentile. The zip code 77423 has both the highest and lowest median tax bill at $5,223. 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 Brookshire helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brookshire Assessed Value
$262,765
Average Waller County Assessed Value
$273,670
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brookshire, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77423 | $44,620 | $135,978 | $262,765 | $377,505 | $505,439 |
Source: Ownwell
$1,148
Average Brookshire Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Brookshire, Texas
In Brookshire, located in Waller County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price here is $262,765. Homeowners can expect property tax bills ranging from $2,328 at the 25th percentile to $10,769 at the 90th percentile. The highest median tax bill in the area is $5,223, with the same amount being the lowest, both in the 77423 zip code. Factors such as property location, home size, and local government budgets play a significant role in determining the tax bill. These bills can be substantial, impacting homeowners' financial planning. Ownwell can help homeowners in Brookshire save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it with market trends, Ownwell identifies discrepancies and files appeals to ensure you're not overpaying. This service can lead to significant savings, making property ownership more affordable.
Average Brookshire Tax Bill
$5,223
Average Waller County Tax Bill
$4,531
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Brookshire, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77423 | $791 | $2,328 | $5,223 | $8,227 | $10,769 |
Source: Ownwell
$1,148
Average Brookshire Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 31 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Waller Appraisal District | |
| Website | esearch.waller-cad.org |
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