China Spring, Texas Property Taxes
The median property tax rate in China Spring, TX is 1.11%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $250,307 in China Spring, the typical annual property tax bill reaches $2,764, slightly above the national median of $2,690. Property taxes in China Spring are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding China Spring'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 China Spring or another part of Bosque County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
China Spring, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,778
$2,571
Ownwell’s China Spring Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in China Spring with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in China Spring 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 China Spring, Texas
Property taxes in China Spring, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in China Spring is 1.11%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within China Spring set these rates annually, and they can vary significantly across different neighborhoods. Each year, China Spring 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 China Spring's effective property tax rate to other counties in Texas and the national median. For comparison, the 76633 zip code has the highest median property tax rate of 1.11%, while the same 76633 zip code has the lowest median tax rate of 1.11%. Understanding how these cities compare with China Spring provides valuable insights into the varying tax landscape across Bosque County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average China Spring Tax Rate
1.11%
Average Bosque County Tax Rate
1.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across China Spring, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76633 | 0.49% | 0.75% | 1.11% | 1.55% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across China Spring, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in China Spring, Texas. 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 Bosque 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 China Spring, 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. The median home price in China Spring is $250,307, with tax bills ranging from $1,237 at the 25th percentile to $5,974 at the 90th percentile. Notably, the highest and lowest median tax bills are both $2,764 in zip code 76633. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, and apply for exemptions to effectively manage their tax burden.
Average China Spring Assessed Value
$250,307
Average Bosque County Assessed Value
$159,096
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across China Spring, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76633 | $78,103 | $150,846 | $250,307 | $375,021 | $527,924 |
Source: Ownwell
Property Tax Bills Across China Spring, Texas
In China Spring, TX, property tax bills are determined based on the assessed value of a home, which is often a percentage of the market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Various factors influence the assessed value, including the property's size, age, location, and any improvements made. Homeowners in China Spring can expect their tax bills to vary significantly. For instance, the median home price in the area is $250,307. The 25th percentile tax bill is around $1,237, while the 75th percentile tax bill reaches $4,722, and the 90th percentile can be as high as $5,974. These figures illustrate the range of property tax burdens homeowners might face, depending on the assessed value of their property and the local tax rate. Compared to the national median property tax rate of 0.99%, homeowners in China Spring may experience varying degrees of financial impact, underscoring the importance of understanding local property tax dynamics.
Average China Spring Tax Bill
$2,764
Average Bosque County Tax Bill
$1,864
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across China Spring, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76633 | $552 | $1,237 | $2,764 | $4,722 | $5,974 |
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 | |
|---|---|
| Bosque Appraisal District | |
| Website | esearch.bosquecad.com |