Barksdale, Texas Property Taxes
The median property tax rate in Barksdale, TX is 1.44%, higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Barksdale at $117,887, the typical annual property tax bill amounts to $1,268, which is below the national median of $2,690. Property taxes in Barksdale are determined based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Barksdale'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 Barksdale 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
Barksdale, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Barksdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barksdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barksdale 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 Barksdale, Texas
Property taxes in Barksdale, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barksdale is 1.44%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Barksdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barksdale 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 Barksdale's effective property tax rate to other counties in Texas and the national median. For comparison, the 78828 zip code has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Barksdale provides valuable insights into the varying tax landscape across Edwards County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barksdale Tax Rate
1.44%
Average Edwards County Tax Rate
1.44%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barksdale, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78828 | 0.64% | 1.12% | 1.44% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Barksdale, Texas
In Barksdale, 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 Edwards 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. Assessment notices in Barksdale 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. For instance, the highest median tax bill in Barksdale is $1268 in the 78828 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Barksdale Assessed Value
$117,887
Average Edwards County Assessed Value
$71,862
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barksdale, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78828 | $35,410 | $62,400 | $117,887 | $241,101 | $401,550 |
Source: Ownwell
Property Tax Bills Across Barksdale, Texas
In Barksdale, Edwards County, TX, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county's appraisal district, which evaluates the property's market value. The tax rate is then applied to this assessed value to calculate the annual property tax bill. For instance, with a median home price of $117,887, homeowners in Barksdale can expect varying tax bills depending on their property's specific assessed value and applicable exemptions. Factors influencing the tax bill include the property's location, size, and any improvements made. Tax bills in Barksdale range significantly, with the 25th percentile at $703, the 75th percentile at $2,157, and the 90th percentile reaching up to $4,360. Comparatively, the highest and lowest median tax bills in Edwards County both stand at $1,268, aligning with the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as property taxes impact annual financial planning and overall home affordability.
Average Barksdale Tax Bill
$1,268
Average Edwards County Tax Bill
$806
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Barksdale, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78828 | $427 | $703 | $1,268 | $2,157 | $4,360 |
Source: Ownwell