New Boston, Texas Property Taxes
The median property tax rate in New Boston, TX is 1.57%, which is significantly higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With a median home value of $99,492 in New Boston, the typical annual property tax bill amounts to $1,666, which is below the national median of $2,690. Property taxes in New Boston are calculated based on the tax assessed value, generally lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding New Boston'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 New Boston or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Boston, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$1,562
$1,445
Ownwell’s New Boston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Boston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Boston 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 New Boston, Texas
Property taxes in New Boston, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Boston is 1.57%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within New Boston set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Boston 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 New Boston's effective property tax rate to other counties in Texas and the national median. For comparison, the 75570 zip code has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these cities compare with New Boston provides valuable insights into the varying tax landscape across Bowie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Boston Tax Rate
1.57%
Average Bowie County Tax Rate
1.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Boston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75570 | 1.30% | 1.43% | 1.57% | 1.97% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across New Boston, Texas
In New Boston, 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 Bowie 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 New Boston, 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. The median home price in New Boston is $99,492, with tax bills ranging from $870 at the 25th percentile to $4,002 at the 90th percentile. 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 New Boston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average New Boston Assessed Value
$99,492
Average Bowie County Assessed Value
$119,330
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Boston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75570 | $25,500 | $53,388 | $99,492 | $170,101 | $255,849 |
Source: Ownwell
Property Tax Bills Across New Boston, Texas
In New Boston, Bowie County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in New Boston, the median home price stands at $99,492, with property tax bills varying significantly across different percentiles. At the 25th percentile, homeowners might expect to pay around $870, while those at the 75th percentile could see bills as high as $2,761. The top 10% of taxpayers may face bills up to $4,002. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. Compared to the national median property tax rate of 0.99%, New Boston's rates reflect the local government's funding needs and priorities. Homeowners should be aware of these factors as they can significantly impact annual housing costs and overall affordability.
Average New Boston Tax Bill
$1,666
Average Bowie County Tax Bill
$2,049
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across New Boston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75570 | $402 | $870 | $1,666 | $2,761 | $4,002 |
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 | |
|---|---|
| Bowie Appraisal District | |
| Website | bowieappraisal.com |