Glen Rose, Texas Property Taxes
The median property tax rate in Glen Rose, TX, is 1.20%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $410,990, the typical annual property tax bill in Glen Rose reaches $4,921, significantly surpassing the national median of $2,690. Property taxes in Glen Rose are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Glen Rose'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 Glen Rose or another part of Bosque County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glen Rose, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$4,932
$4,563
Ownwell’s Glen Rose Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glen Rose with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glen Rose 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 Glen Rose, Texas
Property taxes in Glen Rose, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glen Rose is 1.20%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Glen Rose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen Rose 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 Glen Rose's effective property tax rate to other counties in Texas and the national median. For comparison, the 76043 zip code has the highest median property tax rate of 1.20%, while the 76043 zip code has the lowest median tax rate of 1.20%. Understanding how these cities compare with Glen Rose provides valuable insights into the varying tax landscape across Bosque County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glen Rose Tax Rate
1.20%
Average Bosque County Tax Rate
1.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glen Rose, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76043 | 0.92% | 0.96% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Glen Rose, Texas
In Glen Rose, 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 Bosque 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 Glen Rose, 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 Glen Rose helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $4921, found in zip code 76043.
Average Glen Rose Assessed Value
$410,990
Average Bosque County Assessed Value
$159,096
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glen Rose, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76043 | $194,709 | $270,662 | $410,990 | $617,580 | $1,767,739 |
Source: Ownwell
Property Tax Bills Across Glen Rose, Texas
In Glen Rose, located in Bosque County, TX, property tax bills are calculated based on the assessed value of a home rather than its market value. The median home price in Glen Rose is $410,990. Homeowners in this area can expect their tax bills to vary significantly, with the 25th percentile tax bill at $2,653 and the 75th percentile tax bill reaching $6,588. The highest median tax bill recorded is $4,921, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions. Higher assessed values and tax rates result in higher tax bills, impacting homeowners' annual expenses. Understanding these factors is crucial for homeowners to manage their finances effectively and potentially seek exemptions or appeals to lower their tax burden. The variability in tax bills highlights the importance of knowing specific local rates and assessments to anticipate annual costs accurately.
Average Glen Rose Tax Bill
$4,921
Average Bosque County Tax Bill
$1,864
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Glen Rose, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76043 | $1,991 | $2,653 | $4,921 | $6,588 | $21,166 |
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 | |
|---|---|
| Bosque Appraisal District | |
| Website | esearch.bosquecad.com |