Bon Wier, Texas Property Taxes
The median property tax rate in Bon Wier, TX is 0.69%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Bon Wier at $42,532, the typical annual property tax bill reaches $183, significantly below the national median of $2,690. Property taxes in Bon Wier are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bon Wier'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 Bon Wier or another part of Newton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bon Wier, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$293
$272
Ownwell’s BON WIER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BON WIER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BON WIER 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 Bon Wier, Texas
Property taxes in Bon Wier, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bon Wier is 0.69%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bon Wier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bon Wier 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 Bon Wier's effective property tax rate to other counties in Texas and the national median. For comparison, the 75928 zip code has the highest median property tax rate of 0.69%, while the 75928 zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Bon Wier provides valuable insights into the varying tax landscape across Newton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bon Wier Tax Rate
0.69%
Average Newton County Tax Rate
0.66%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bon Wier, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75928 | 0.13% | 0.40% | 0.69% | 0.72% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Bon Wier, Texas
In Bon Wier, 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 Newton 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 in Bon Wier 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 Bon Wier helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Bon Wier, the highest and lowest median tax bills are both $183.00, found in the zip code 75928.
Average Bon Wier Assessed Value
$42,532
Average Newton County Assessed Value
$54,464
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bon Wier, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75928 | $5,132 | $14,550 | $42,532 | $88,725 | $144,631 |
Source: Ownwell
Property Tax Bills Across Bon Wier, Texas
Property tax bills in Bon Wier, located in Newton County, TX, are calculated based on the assessed value of a property and the local tax rate. The median home price in this area is $42,532, which is considerably lower than the national median. Homeowners in Bon Wier can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $65 and the 75th percentile reaching $403. At the 90th percentile, the tax bill can be as high as $677. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. Factors such as property improvements, market conditions, and local government budgets influence the assessed value. For homeowners, this means that any changes in these factors can lead to fluctuations in their annual property tax bills. Understanding these elements can help homeowners better anticipate and manage their property tax obligations.
Average Bon Wier Tax Bill
$183
Average Newton County Tax Bill
$251
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bon Wier, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75928 | $23 | $65 | $183 | $403 | $677 |
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 | |
|---|---|
| Newton Appraisal District | |
| Website | propaccess.trueautomation.com |