Bruceville, Texas Property Taxes
The median property tax rate in Bruceville, TX is 1.36%, 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 $184,620, the typical annual property tax bill in Bruceville amounts to $2,340, falling below the national median of $2,690. Property taxes in Bruceville are based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Bruceville'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 Bruceville 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
Bruceville, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$2,511
$2,323
$1,148
Average Bruceville, Texas Tax Savings
Ownwell’s Bruceville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bruceville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bruceville 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 Bruceville. 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 Bruceville, Texas
Property taxes in Bruceville, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bruceville is 1.36%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bruceville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bruceville 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 Bruceville's effective property tax rate to other counties in Texas and the national median. For comparison, the 76630 zip code has the highest median property tax rate of 1.36%, while the lowest median tax rate is also 1.36%. Understanding how these cities compare with Bruceville provides valuable insights into the varying tax landscape across McLennan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bruceville Tax Rate
1.36%
Average Mclennan County Tax Rate
1.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bruceville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76630 | 0.96% | 1.17% | 1.36% | 1.60% | 1.92% |
Source: Ownwell
$1,148
Average Bruceville Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Bruceville, Texas
In Bruceville, 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 McLennan 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 Bruceville, 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, while the median home price in Bruceville is $184,620, tax bills can vary significantly. The tax bill at the 25th percentile is $730, while at the 75th percentile, it rises to $4,076. The 90th percentile sees tax bills as high as $5,209. The zip code 76630 has the highest and lowest median tax bill at $2,340. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bruceville Assessed Value
$184,620
Average Mclennan County Assessed Value
$228,020
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bruceville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76630 | $25,718 | $51,325 | $184,620 | $318,360 | $399,662 |
Source: Ownwell
$1,148
Average Bruceville Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Bruceville, Texas
In Bruceville, located in McLennan County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $184,620, homeowners face varying tax bills depending on their property's assessed value and specific exemptions. For instance, the 25th percentile of tax bills is $730, while the 75th percentile reaches $4,076, and the 90th percentile hits $5,209. These figures show a significant range, impacting homeowners' financial planning. Factors such as property size, location, and improvements influence the assessed value, which is then multiplied by the local tax rate to determine the final bill. This can be particularly burdensome compared to the national median property tax rate of 0.99%. Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and identifying potential discrepancies, Ownwell can help reduce your tax bill, ensuring you pay only your fair share.
Average Bruceville Tax Bill
$2,340
Average Mclennan County Tax Bill
$3,809
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bruceville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76630 | $407 | $730 | $2,340 | $4,076 | $5,209 |
Source: Ownwell
$1,148
Average Bruceville 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 | |
|---|---|
| Mclennan Appraisal District | |
| Phone | (254) 752-9864 |
| Website | esearch.mclennancad.org |
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