Valley Mills, Bosque County, Texas Property Taxes
Median Valley Mills, TX effective property tax rate: 1.40%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Valley Mills, TX home value: $163,590
Median annual Valley Mills, TX tax bill: $2,132, $268 lower than the national median property tax bill of $2,400.
How are property taxes in Bosque County calculated?
Property taxes in Valley Mills, 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 Valley Mills’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Valley Mills, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Valley Mills, Bosque County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.4%
Estimate Property Tax Bill
$2,290
$2,125
Ownwell’s Valley Mills Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Valley Mills with just two data points.
By entering your property's estimated assessed value, our calculator applies Valley Mills’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bosque County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Valley Mills, Bosque County, Texas
Local government entities set tax rates, and these can vary widely within a state. This is because each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Valley Mills, located in Bosque County, TX, the effective property tax rate is 1.40%. This rate is notably higher than the national median property tax rate of 1.02%. Valley Mills’ tax rate is also the highest and lowest median tax rate within its zip code, 76689, illustrating the consistency in rates within this specific area. When compared to the median property tax rates in Texas and the U.S., Valley Mills’ rate stands out. Understanding these differences can help property owners make informed decisions regarding their property tax appeals and exemptions. By knowing where Valley Mills stands in relation to other cities in Texas and the national average, property owners are better equipped to take action.
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 Valley Mills Tax Rate
1.40%
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 Valley Mills, Bosque County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76689 | 0.75% | 1.03% | 1.40% | 1.72% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Valley Mills, Bosque County, Texas
When examining property taxes in Valley Mills, 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 April. 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 Valley Mills. For example, the median home price in Valley Mills is $163,590, with tax bills ranging significantly across the county. 76689 has the highest median home price at $163,590.
Property Tax Assessment Values Across Valley Mills, Bosque County, Texas
Source: Ownwell
$110,810
$260,900
$410,990
Median Valley Mills Market Value
$163,590
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 Valley Mills, Bosque County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76689 | $33,616 | $88,873 | $163,590 | $272,224 | $388,690 |
Source: Ownwell
Property Tax Bills Across Valley Mills, Bosque County, Texas
Median Valley Mills Tax Bill
$2,132
Median Bosque County Tax Bill
$1,864
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Valley Mills, Bosque County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76689 | $416 | $1,141 | $2,132 | $3,380 | $4,864 |
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 |