Ben Bolt, Texas Property Taxes
The median property tax rate in Ben Bolt, TX is 2.24%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Ben Bolt at $27,114, the typical annual property tax bill reaches $606, which is considerably lower than the national median of $2,690. Property taxes in Ben Bolt are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ben Bolt'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 Ben Bolt 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
Ben Bolt, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.24%
Estimate Property Tax Bill
$607
$562
Ownwell’s Ben Bolt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ben Bolt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ben Bolt 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 Jim Wells County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ben Bolt, Texas
Property taxes in Ben Bolt, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ben Bolt is 2.24%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Ben Bolt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ben Bolt 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 Ben Bolt's effective property tax rate to other counties in Texas and the national median. For comparison, the 78342 zip code has the highest median property tax rate of 2.24%, while the 78342 zip code has the lowest median tax rate of 2.24%. Understanding how these cities compare with Ben Bolt provides valuable insights into the varying tax landscape across Jim Wells County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ben Bolt Tax Rate
2.24%
Average Jim Wells County Tax Rate
2.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ben Bolt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78342 | 2.24% | 2.24% | 2.24% | 2.24% | 2.24% |
Source: Ownwell
Property Tax Assessment Values Across Ben Bolt, Texas
In Ben Bolt, 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 Jim Wells 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. 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 Ben Bolt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Ben Bolt, the zip code 78342 has both the highest and lowest median tax bill, which is $606. By understanding these values, homeowners can better manage their property tax responsibilities.
Average Ben Bolt Assessed Value
$27,114
Average Jim Wells County Assessed Value
$52,272
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ben Bolt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78342 | $4,668 | $9,278 | $27,114 | $77,925 | $131,220 |
Source: Ownwell
Property Tax Bills Across Ben Bolt, Texas
In Ben Bolt, property tax bills are calculated based on the assessed value of a property, which is determined by the Jim Wells County Appraisal District. The median home price in Ben Bolt is $27,114. The tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Ben Bolt, the 25th percentile tax bill is $209, while the 75th percentile tax bill reaches up to $1,743. The highest median tax bill in the area is $606, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property location, home size, and improvements made to the property. These taxes fund essential services like public education, infrastructure, and emergency services, directly impacting homeowners by contributing to community development and property value stability. Understanding how these factors interplay can help homeowners anticipate their tax obligations and plan accordingly.
Average Ben Bolt Tax Bill
$606
Average Jim Wells County Tax Bill
$1,213
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ben Bolt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78342 | $104 | $209 | $606 | $1,743 | $2,935 |
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 | |
|---|---|
| Jim Wells Appraisal District | |
| Website | mytax.eztaxonline.net |