Barnhart, Texas Property Taxes
The median property tax rate in Barnhart, TX is 1.15%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Barnhart at $30,810, the typical annual property tax bill amounts to $361, significantly below the national median of $2,690. Property taxes in Barnhart 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 Barnhart'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 Barnhart 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
Barnhart, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$354
$328
Ownwell’s Barnhart Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Barnhart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barnhart 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 Barnhart, Texas
Property taxes in Barnhart, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barnhart is 1.05%, which is higher than both the Texas state median of 1.07% and the U.S. national median of 0.99%. Local government entities within Barnhart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barnhart 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 Barnhart's effective property tax rate to other counties in Texas and the national median. For comparison, the 76930 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Barnhart provides valuable insights into the varying tax landscape across Irion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barnhart Tax Rate
1.15%
Average Irion County Tax Rate
1.44%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barnhart, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76930 | 1.15% | 1.15% | 1.15% | 1.15% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Barnhart, Texas
In Barnhart, 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 Irion 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 Barnhart, 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 Barnhart helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $361.00, both found in the zip code 76930.
Average Barnhart Assessed Value
$30,810
Average Irion County Assessed Value
$74,965
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barnhart, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76930 | $7,964 | $15,250 | $30,810 | $79,640 | $106,586 |
Source: Ownwell
Property Tax Bills Across Barnhart, Texas
In Barnhart, located in Irion County, Texas, property tax bills are calculated by multiplying the property's assessed value by the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. For instance, the median home price in Barnhart is $30,810. Homeowners in this area can expect their tax bills to vary significantly depending on their property's assessed value and the specific tax rate applied. The tax bill at the 25th percentile is $179, while at the 75th percentile, it rises to $889. For those at the 90th percentile, the tax bill can reach $1,099. These variations highlight how different factors, such as property size, location, and improvements, can influence the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, Barnhart's tax rates can be seen as relatively moderate, providing some relief to homeowners while still contributing to local services and infrastructure.
Average Barnhart Tax Bill
$361
Average Irion County Tax Bill
$1,083
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Barnhart, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76930 | $91 | $179 | $361 | $889 | $1,099 |
Source: Ownwell