Cranfills Gap, Bosque County, Texas Property Taxes
Median Cranfills Gap, TX effective property tax rate: 1.20%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Cranfills Gap, TX home value: $110,810
Median annual Cranfills Gap, TX tax bill: $1,360, $1,040 lower than the national median property tax bill of $2,400.
How are property taxes in Bosque calculated?
Property taxes in Cranfills Gap, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Cranfills Gap’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cranfills Gap, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cranfills Gap, Bosque County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.2%
Estimate Property Tax Bill
$1,330
$1,234
Property Tax Rates Across Cranfills Gap, Bosque County, Texas
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cranfills Gap Tax Rate
1.20%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bosque County Tax Rate
1.22%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cranfills Gap, Bosque County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76637 | 0.67% | 0.90% | 1.20% | 1.53% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Cranfills Gap, Bosque County, Texas
When examining property taxes in Cranfills Gap, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bosque County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Bosque County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cranfills Gap. For example, the median home price in Cranfills Gap is $110,810, with tax bills ranging significantly across the county. The 76637 zip code has the highest median home price at $110,810.
Property Tax Assessment Values Across Cranfills Gap, Bosque County, Texas
Source: Ownwell
$110,810
$260,900
$410,990
Median Cranfills Gap Market Value
$110,810
Median Bosque County Market Value
$159,096
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cranfills Gap, Bosque County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76637 | $24,834 | $59,745 | $110,810 | $210,918 | $321,791 |
Source: Ownwell
Property Tax Bills Across Cranfills Gap, Bosque County, Texas
In Cranfills Gap, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which can fluctuate based on local real estate trends. Homeowners in Bosque County face a median property tax bill of $1,360, below the national median of $2,400. This suggests a relatively lower property tax burden compared to other regions. However, individual tax bills can vary significantly, with some homeowners paying as little as $725 and others up to $3,489, depending on the property's assessed value and applicable exemptions.
For homeowners, understanding these factors is crucial, as property taxes represent a significant annual expense. This is where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills. Whether it's challenging an inaccurate assessment or ensuring all eligible exemptions are applied, Ownwell's services can lead to substantial savings, making homeownership more affordable in Cranfills Gap.
Median Cranfills Gap Tax Bill
$1,360
Median Bosque County Tax Bill
$1,864
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Cranfills Gap, Bosque County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76637 | $306 | $725 | $1,360 | $2,291 | $3,489 |
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 |