Burton, Texas Property Taxes
The median property tax rate in Burton, TX is 0.93%, slightly below the national median of 0.99% and significantly lower than the Texas state median of 1.67%. With a median home value of $612,105 in Burton, the typical annual property tax bill amounts to $5,340, which is notably higher than the national median of $2,690. Property taxes in Burton are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Burton'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 Burton 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
Burton, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$5,693
$5,267
Ownwell’s Burton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burton 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 Burton, Texas
Property taxes in Burton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burton is 0.93%, slightly lower than the U.S. national median of 0.99%. Local government entities within Burton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burton 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 Burton's effective property tax rate to other counties in Texas and the national median. For comparison, the 77835 zip code has the highest median property tax rate of 0.93%, while the same 77835 zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with Burton provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burton Tax Rate
0.93%
Average Fayette County Tax Rate
1.14%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77835 | 0.86% | 0.89% | 0.93% | 0.97% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Burton, Texas
In Burton, 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 Fayette 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 Burton, 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 Burton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Burton is $5,340 in the 77835 zip code, while the lowest is also $5,340 in the same zip code.
Average Burton Assessed Value
$612,105
Average Fayette County Assessed Value
$251,650
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77835 | $279,333 | $404,122 | $612,105 | $820,088 | $944,877 |
Source: Ownwell
Property Tax Bills Across Burton, Texas
In Burton, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $612,105, homeowners can expect varying tax bills depending on the specific assessed value and applicable exemptions. Several factors influence the tax bill, including property size, location, and any improvements made. Additionally, local taxing authorities, such as school districts and municipal services, set their rates, contributing to the overall tax burden. Homeowners in Burton, TX, experience a range of tax bills, with the 25th percentile at $3,660 and the 75th percentile reaching $7,020. The highest median tax bill in the area is $5,340, highlighting the variability based on individual property assessments. Understanding these factors helps homeowners anticipate their annual expenses and budget accordingly.
Average Burton Tax Bill
$5,340
Average Fayette County Tax Bill
$2,303
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Burton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77835 | $2,652 | $3,660 | $5,340 | $7,020 | $8,028 |
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 | |
|---|---|
| Fayette Appraisal District | |
| Website | esearch.fayettecad.org |