Buna, Texas Property Taxes
The median property tax rate in Buna, 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 a median home value of $107,450 in Buna, the typical annual property tax bill amounts to $932, falling well below the national median of $2,690. Property taxes in Buna are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Buna'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 Buna 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
Buna, 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 Buna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Buna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Buna 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 Buna, Texas
Property taxes in Buna, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Buna is 1.15%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Buna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buna 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 Buna's effective property tax rate to other counties in Texas and the national median. For comparison, the 77612 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 Buna provides valuable insights into the varying tax landscape across Jasper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buna Tax Rate
1.15%
Average Jasper County Tax Rate
1.09%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buna, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77612 | 0.13% | 0.53% | 1.15% | 1.69% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Buna, Texas
In Buna, 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 Jasper 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 Buna, 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. The median home price in Buna is $107,450, with annual tax bills ranging from $328 at the 25th percentile to $3,726 at the 90th percentile. The zip code 77612 has both the highest and lowest median tax bill of $932. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Buna Assessed Value
$107,450
Average Jasper County Assessed Value
$100,074
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Buna, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77612 | $19,388 | $49,991 | $107,450 | $202,041 | $310,796 |
Source: Ownwell
Property Tax Bills Across Buna, Texas
Property tax bills in Buna, located in Jasper County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. For homeowners in Buna, the median home price is $107,450. The tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Buna can expect a wide range of tax bills. For instance, the tax bill for the 25th percentile is $328, while the 75th percentile sees a tax bill of $2,210. At the 90th percentile, tax bills can reach up to $3,726. These property taxes significantly impact homeowners, as they contribute to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, the property tax rate in Buna reflects the local economic and real estate conditions.
Average Buna Tax Bill
$932
Average Jasper County Tax Bill
$781
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Buna, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77612 | $84 | $328 | $932 | $2,210 | $3,726 |
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 | |
|---|---|
| Jasper Appraisal District | |
| Website | propaccess.trueautomation.com |