Belmont, Texas Property Taxes
The median property tax rate in Belmont, TX is 1.39%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Belmont, the typical annual property tax bill reaches $2,769, closely aligning with the national median of $2,690. Property taxes in Belmont 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 Belmont'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 Belmont 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
Belmont, 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 Belmont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belmont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belmont 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 Belmont, Texas
Property taxes in Belmont, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belmont is 1.39%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Belmont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belmont 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 Belmont's effective property tax rate to other counties in Texas and the national median. For comparison, the 78604 zip code has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Belmont provides valuable insights into the varying tax landscape across Gonzales County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belmont Tax Rate
1.39%
Average Gonzales County Tax Rate
1.52%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belmont, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78604 | 0.88% | 0.95% | 1.39% | 1.47% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Belmont, Texas
In Belmont, 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 Gonzales 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 Belmont, 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 Belmont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill is $2,769 in the 78604 zip code, while the lowest median tax bill is also $2,769 in the same zip code.
Average Belmont Assessed Value
$266,110
Average Gonzales County Assessed Value
$91,330
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belmont, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78604 | $31,546 | $41,290 | $266,110 | $489,785 | $582,941 |
Source: Ownwell
Property Tax Bills Across Belmont, Texas
In Belmont, located in Gonzales County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the home's location, size, and market conditions play a significant role in determining its assessed value. For homeowners in Belmont, the tax bills can vary widely. The 25th percentile of property tax bills is $676, while the 75th percentile reaches $5,642, and the 90th percentile goes up to $6,849. These figures highlight the range of tax burdens homeowners might face, depending on their property's assessed value. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax rates. Homeowners in Belmont need to be aware of these factors, as property taxes can significantly impact their annual expenses and overall financial planning.
Average Belmont Tax Bill
$2,769
Average Gonzales County Tax Bill
$1,310
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Belmont, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78604 | $454 | $676 | $2,769 | $5,642 | $6,849 |
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 | |
|---|---|
| Gonzales Appraisal District | |
| Website | www.gonzalescad.org |