Blue Mound, Texas Property Taxes
The median property tax rate in Blue Mound, TX is 1.69%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Blue Mound at $178,231, the typical annual property tax bill reaches $3,026, exceeding the national median of $2,690. Property taxes in Blue Mound 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 Blue Mound'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 Blue Mound 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
Blue Mound, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Blue Mound, Texas Tax Savings
Ownwell’s BLUE MOUND Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BLUE MOUND with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BLUE MOUND 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 BLUE MOUND. 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 Blue Mound, Texas
Property taxes in Blue Mound, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue Mound is 1.69%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Blue Mound set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue Mound 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 Blue Mound's effective property tax rate to other counties in Texas and the national median. For comparison, the 76131 zip code has the highest median property tax rate of 1.69%, while the same zip code also has the lowest median tax rate of 1.69%. Understanding how these cities compare with Blue Mound provides valuable insights into the varying tax landscape across Tarrant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blue Mound Tax Rate
1.69%
Average Tarrant County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Mound, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76131 | 0.52% | 1.12% | 1.69% | 2.15% | 2.26% |
Source: Ownwell
$1,148
Average Blue Mound Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Blue Mound, Texas
In Blue Mound, 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 Tarrant 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 Blue Mound 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 Blue Mound helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Blue Mound, the highest median tax bill is $3,026 in the 76131 zip code, while the lowest median tax bill is also $3,026 in the same zip code.
Average Blue Mound Assessed Value
$178,231
Average Tarrant County Assessed Value
$306,713
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blue Mound, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76131 | $134,669 | $154,123 | $178,231 | $223,786 | $258,982 |
Source: Ownwell
$1,148
Average Blue Mound Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Blue Mound, Texas
In Blue Mound, TX, property tax bills are calculated based on the assessed value of your home, which is determined by the Tarrant County Appraisal District. The assessed value is then multiplied by the local tax rate to determine your annual tax bill. For example, with a median home price of $178,231, homeowners can expect tax bills ranging from $1,749 at the 25th percentile to $4,735 at the 90th percentile. This variability is influenced by factors such as property improvements, neighborhood developments, and changes in market conditions. The property tax rate in Blue Mound is notably higher than the national median of 0.99%, making it essential for homeowners to ensure their assessments are accurate. This is where Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell can assist homeowners in challenging over-assessments, potentially saving them hundreds or even thousands of dollars on their property tax bills. Engaging with Ownwell means leveraging specialized knowledge to ensure you only pay your fair share.
Average Blue Mound Tax Bill
$3,026
Average Tarrant County Tax Bill
$5,114
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Mound, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76131 | $806 | $1,749 | $3,026 | $3,746 | $4,735 |
Source: Ownwell
$1,148
Average Blue Mound Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 24 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Tarrant Appraisal District | |
| Phone | (817) 284-0024 |
| Website | www.tad.org |
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