Jonesboro, Texas Property Taxes
The median property tax rate in Jonesboro, TX is 0.68%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Jonesboro at $187,253, the typical annual property tax bill is around $1,268, which is well below the national median of $2,690. Property taxes in Jonesboro are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Jonesboro's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Jonesboro 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
Jonesboro, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,273
$1,178
Ownwell’s Jonesboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jonesboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jonesboro 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 Jonesboro, Texas
Property taxes in Jonesboro, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jonesboro is 0.68%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Jonesboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jonesboro 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 Jonesboro's effective property tax rate to other counties in Texas and the national median. For comparison, the 76538 zip code has the highest median property tax rate of 0.68%, while the 76538 zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Jonesboro 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 Jonesboro Tax Rate
0.68%
Average Bosque County Tax Rate
1.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jonesboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76538 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Jonesboro, Texas
In Jonesboro, 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 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 Jonesboro, 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 Jonesboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,268, found in the zip code 76538.
Average Jonesboro Assessed Value
$187,253
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 Jonesboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76538 | $187,253 | $187,253 | $187,253 | $187,253 | $187,253 |
Source: Ownwell
Property Tax Bills Across Jonesboro, Texas
In Jonesboro, located in Bosque County, TX, property tax bills are determined based on the assessed value of a homeowner's property. The local tax rate is applied to the assessed value to calculate the annual tax bill. For example, with a median home price of $187,253 in Jonesboro, homeowners can expect a median property tax bill of $1,268, which is significantly higher than the national median property tax rate of 0.99%. The tax bill in Jonesboro is uniform across various percentiles, with the 25th, 75th, and 90th percentiles all reporting the same tax bill of $1,268. This consistency suggests a standardized assessment and tax rate application within the area. Homeowners in Jonesboro should be aware that their property tax bill is influenced by the local tax rate and the assessed value of their property, which can impact their annual financial planning and budgeting. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average Jonesboro Tax Bill
$1,268
Average Bosque County Tax Bill
$1,864
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Jonesboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76538 | $1,268 | $1,268 | $1,268 | $1,268 | $1,268 |
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 |