Ballinger, Texas Property Taxes
The median property tax rate in Ballinger, TX is 2.16%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $78,260 in Ballinger, the typical annual property tax bill amounts to $1,535, which, although below the national median of $2,690, still represents a substantial cost for homeowners. Property taxes in Ballinger are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Ballinger's property tax system and exploring available exemptions can lead to considerable annual savings. Whether you're in the heart of Ballinger or elsewhere in Runnels County, gaining insight into the local property tax structure will be beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Ballinger, 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 Ballinger Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ballinger with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ballinger 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 Ballinger, Texas
Property taxes in Ballinger, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ballinger is 2.16%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Ballinger set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ballinger 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 Ballinger's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 76821 has the highest median property tax rate of 2.16%, while the same zip code also has the lowest median tax rate of 2.16%. Understanding how these cities compare with Ballinger provides valuable insights into the varying tax landscape across Runnels County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ballinger Tax Rate
2.16%
Average Runnels County Tax Rate
2.12%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ballinger, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76821 | 1.65% | 1.93% | 2.16% | 2.16% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Ballinger, Texas
In Ballinger, 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 Runnels 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 Ballinger, 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 Ballinger helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Ballinger is $78,260, with annual tax bills ranging from $827 at the 25th percentile to $3,784 at the 90th percentile. The zip code 76821 has both the highest and lowest median tax bill at $1,535.
Average Ballinger Assessed Value
$78,260
Average Runnels County Assessed Value
$72,550
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ballinger, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76821 | $16,406 | $41,455 | $78,260 | $126,505 | $197,668 |
Source: Ownwell
Property Tax Bills Across Ballinger, Texas
In Ballinger, property tax bills are calculated based on the assessed value of your home, which is determined by the Runnels County appraisal district. This assessment considers various factors, including the property's market value, location, and any improvements made. The tax rate set by local taxing authorities is then applied to the assessed value to determine your annual tax bill. For homeowners in Ballinger, the median home price is $78,260, with tax bills ranging significantly. The 25th percentile tax bill is $827, while the 75th percentile tax bill reaches $2,481, and the 90th percentile climbs to $3,784. Comparatively, the highest median tax bill in the area is $1,535, which is above the national median property tax rate of 0.99%. This variability in tax bills can impact homeowners differently, affecting their overall financial planning and housing affordability. Understanding how these taxes are calculated can help homeowners anticipate their annual expenses and potentially explore exemptions or appeals to manage their tax liabilities better.
Average Ballinger Tax Bill
$1,535
Average Runnels County Tax Bill
$1,423
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ballinger, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76821 | $331 | $827 | $1,535 | $2,481 | $3,784 |
Source: Ownwell