Bells, Texas Property Taxes
The median property tax rate in Bells, TX is 1.71%, higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $208,718 in Bells, the typical annual property tax bill reaches $3,406, surpassing the national median of $2,690. Property taxes in Bells are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural uses. Understanding Bells' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bells or another part of the city, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Bells, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$3,569
$3,302
$1,148
Average Bells, Texas Tax Savings
Ownwell’s BELLS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BELLS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BELLS to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in BELLS. 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 Bells, Texas
Property taxes in Bells, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bells is 1.71%, significantly higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Bells set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bells 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 Bells's effective property tax rate to other counties in Texas and the national median. For comparison, the 75414 zip code has the highest median property tax rate of 1.71%, while the same zip code also has the lowest median tax rate of 1.71%. Understanding how these cities compare with Bells provides valuable insights into the varying tax landscape across Grayson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bells Tax Rate
1.71%
Average Grayson County Tax Rate
2.09%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bells, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75414 | 0.77% | 1.25% | 1.71% | 2.11% | 2.60% |
Source: Ownwell
$1,148
Average Bells Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Bells, Texas
In Bells, 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 Grayson 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 Bells, 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. For instance, the median home price in Bells is $208,718, with tax bills ranging from $1,678 at the 25th percentile to $7,741 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 Bells helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bells Assessed Value
$208,718
Average Grayson County Assessed Value
$177,813
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bells, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75414 | $46,193 | $99,225 | $208,718 | $373,254 | $559,220 |
Source: Ownwell
$1,148
Average Bells Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Bells, Texas
In Bells, located in Grayson County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Bells is $208,718, and the property tax rate in Texas is generally higher than the national median of 0.99%. Factors such as property size, location, and improvements can influence the assessed value, impacting the overall tax bill. For instance, homeowners in the 25th percentile pay around $1,678, while those in the 75th percentile face bills up to $5,631. The highest median tax bill in the area is $3,406. These taxes can significantly affect homeowners, increasing their annual expenses. However, Ownwell can assist by reviewing property assessments and identifying potential savings. Our experts work to ensure properties are fairly assessed, potentially lowering tax bills. By appealing inaccurate assessments and applying for eligible exemptions, Ownwell helps homeowners in Bells save on their property taxes, providing much-needed financial relief.
Average Bells Tax Bill
$3,406
Average Grayson County Tax Bill
$3,777
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bells, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75414 | $678 | $1,678 | $3,406 | $5,631 | $7,741 |
Source: Ownwell
$1,148
Average Bells Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Grayson Appraisal District | |
| Website | esearch.graysonappraisal.org |
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