Walnut Springs, Bosque County, Texas Property Taxes

Name: Property Tax Bills Across Walnut Springs, Bosque County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Walnut Springs, TX effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Walnut Springs, TX home value: $119,756
Median annual Walnut Springs, TX tax bill: $1,417, $983 lower than the national median property tax bill of $2,400.

How are property taxes in Bosque calculated?

Property taxes in Walnut Springs, 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 Walnut Springs’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Walnut Springs, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Walnut Springs, Bosque County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.24%

Estimate Property Tax Bill

$1,485

$1,378

Ownwell’s Walnut Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Walnut Springs with just two data points.

By entering your property's estimated assessed value, our calculator applies Walnut Springs’ 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 Walnut Springs, Bosque County, Texas

Local government entities are responsible for setting property tax rates, and these can vary significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total assessed value of all taxable property within their jurisdiction. This process determines the property tax rate for the area. Although tax rates and budgets are influenced by votes and laws, the fundamental process remains the same annually.

In Walnut Springs, located in Bosque County, Texas, the effective property tax rate can be compared to other cities within the state and to the national median property tax rate. The median property tax rate in Texas is slightly higher than the national median of 1.02%, indicating that property owners in Walnut Springs might experience a tax rate that reflects this trend. Understanding these rates can help property owners make informed decisions about property investments and tax appeals. By comparing local rates to state and national medians, property owners can gain valuable insights into their tax liabilities and potential savings opportunities.

Property Tax Rates Across Walnut Springs, Bosque County, Texas

Source: Ownwell

1.08%

1.24%

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 Walnut Springs Tax Rate

1.24%

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 Walnut Springs, Bosque County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
76690	0.64%	0.98%	1.24%	1.59%	1.59%

Source: Ownwell

Property Tax Assessment Values Across Walnut Springs, Bosque County, Texas

When examining property taxes in Walnut Springs, 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.

Assessment notices: 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 Walnut Springs. For example, the median home price in Walnut Springs is $119,756, with tax bills ranging significantly across the county. ZIP code 76690 has the highest median home price at $119,756.

Property Tax Assessment Values Across Walnut Springs, Bosque County, Texas

Source: Ownwell

$110,810

$260,900

$410,990

Median Walnut Springs Market Value

$119,756

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 Walnut Springs, Bosque County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
76690	$21,928	$58,568	$119,756	$211,803	$316,130

Source: Ownwell

Property Tax Bills Across Walnut Springs, Bosque County, Texas

In Walnut Springs, located in Bosque County, TX, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in this area is $119,756, and homeowners typically face a tax bill that varies significantly. For instance, the 25th percentile tax bill is $604, while the 75th percentile reaches $2,543, and the 90th percentile climbs to $3,557. These figures highlight the variability in tax bills, which can be influenced by changes in assessed property values or local tax rates. Walnut Springs homeowners often find themselves paying tax bills that can be higher than the national median property tax bill of $2,400, even though the tax rate might be lower than the national average of 1.02%. Ownwell steps in to help homeowners by offering property tax appeal and exemption services. By leveraging our expertise, homeowners can potentially lower their tax bills, ensuring they pay only what is fair based on their property's assessed value.

Property Tax Bills Across Walnut Springs, Bosque County, Texas

Source: Ownwell

$985

$2,953

$4,921

Median Walnut Springs Tax Bill

$1,417

Median Bosque County Tax Bill

$1,864

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Walnut Springs, Bosque County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
76690	$217	$604	$1,417	$2,543	$3,557

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