Bellevue, Texas Property Taxes
The median property tax rate in Bellevue, TX is 1.24%, 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 Bellevue at $123,400, the typical annual property tax bill amounts to $1,287, which is below the national median of $2,690. Property taxes in Bellevue are calculated based on the assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Bellevue'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 Bellevue 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
Bellevue, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$1,530
$1,416
Ownwell’s Bellevue Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bellevue with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellevue 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 Bellevue, Texas
Property taxes in Bellevue, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellevue is 1.24%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bellevue set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellevue 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 Bellevue's effective property tax rate to other counties in Texas and the national median. For comparison, the 76228 zip code has the highest median property tax rate of 1.24%, while the 76228 zip code has the lowest median tax rate of 1.24%. Understanding how these cities compare with Bellevue provides valuable insights into the varying tax landscape across Montague County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellevue Tax Rate
1.24%
Average Montague County Tax Rate
1.38%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellevue, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76228 | 0.76% | 1.17% | 1.24% | 1.24% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Bellevue, Texas
In Bellevue, 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 Montague 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 Bellevue, 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. Bellevue's median home price is $123,400, and property tax bills can range significantly, with the 25th percentile at $730 and the 90th percentile at $4,638. Notably, the highest and lowest median tax bills in the area are the same at $1,287 in the 76228 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bellevue Assessed Value
$123,400
Average Montague County Assessed Value
$136,020
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellevue, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76228 | $33,128 | $64,205 | $123,400 | $304,452 | $452,040 |
Source: Ownwell
Property Tax Bills Across Bellevue, Texas
In Bellevue, Montague County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the property's market value. Once the assessed value is established, it is multiplied by the local property tax rate to calculate the annual tax bill. Homeowners in Bellevue can expect a wide range of tax bills. For instance, the 25th percentile of tax bills is approximately $730, while the 75th percentile reaches $2,757, and the 90th percentile climbs to $4,638. These variations are influenced by factors such as property size, location, and any applicable exemptions. For comparison, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. The highest and lowest median tax bills in Bellevue are both recorded at $1,287 in the 76228 zip code, reflecting a degree of consistency within the area. This system ensures that property taxes are fairly distributed based on the value and specific characteristics of each property.
Average Bellevue Tax Bill
$1,287
Average Montague County Tax Bill
$1,909
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellevue, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76228 | $392 | $730 | $1,287 | $2,757 | $4,638 |
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 | |
|---|---|
| Montague Appraisal District | |
| Website | iswdataclient.azurewebsites.net |