Broaddus, Texas Property Taxes
The median property tax rate in Broaddus, TX is 2.17%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Broaddus at $23,479, the typical annual property tax bill reaches $509, which is lower than the national median of $2,690. Property taxes in Broaddus are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Broaddus'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 Broaddus 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
Broaddus, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Broaddus, Texas Tax Savings
Ownwell’s BROADDUS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BROADDUS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BROADDUS 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 BROADDUS. 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 Broaddus, Texas
Property taxes in Broaddus, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Broaddus is 2.17%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Broaddus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Broaddus 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 Broaddus's effective property tax rate to other counties in Texas and the national median. For comparison, the 75929 zip code has the highest median property tax rate of 2.17%, while the same zip code also has the lowest median tax rate of 2.17%. Understanding how these cities compare with Broaddus provides valuable insights into the varying tax landscape across San Augustine, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Broaddus Tax Rate
2.17%
Average Grayson County Tax Rate
2.09%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Broaddus, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75929 | 2.17% | 2.17% | 2.17% | 2.17% | 2.17% |
Source: Ownwell
$1,148
Average Broaddus Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Broaddus, Texas
In Broaddus, 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 local 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 Broaddus, 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 Broaddus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Among the zip codes in Broaddus, 75929 has both the highest and lowest median tax bills at $509. This uniformity highlights the importance of understanding local tax nuances to ensure you're not overpaying.
Average Broaddus Assessed Value
$23,479
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 Broaddus, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75929 | $23,479 | $23,479 | $23,479 | $23,479 | $23,479 |
Source: Ownwell
$1,148
Average Broaddus Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Broaddus, Texas
In Broaddus, Texas, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Broaddus is $23,479, and the tax rate applied is specific to the local jurisdiction. The median tax bill stands at $509, aligning with both the 25th and 75th percentiles, indicating a consistent tax rate across the board. This tax bill is influenced by factors such as property location, market conditions, and any applicable exemptions. For homeowners, these property taxes can represent a significant expense. However, Ownwell can help reduce this burden by offering property tax appeal services. By reviewing your property’s assessed value and identifying discrepancies or opportunities for exemptions, Ownwell ensures you are not overpaying. This expert intervention can lead to substantial savings, providing financial relief and peace of mind. With a national median property tax rate of 0.99%, Ownwell's services are crucial for ensuring fair taxation in Broaddus.
Average Broaddus Tax Bill
$509
Average Grayson County Tax Bill
$3,777
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Broaddus, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75929 | $509 | $509 | $509 | $509 | $509 |
Source: Ownwell
$1,148
Average Broaddus 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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