Baileys Prairie, Texas Property Taxes
The median property tax rate in Baileys Prairie, TX is 0.70%, which is significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Baileys Prairie at $395,120, the typical annual property tax bill amounts to $2,749, falling below the national median of $2,690. Property taxes in Baileys Prairie are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Baileys Prairie'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 Baileys Prairie or another part of the city, a thorough grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Baileys Prairie, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$2,766
$2,567
$1,148
Average Tax Savings
Ownwell’s Baileys Prairie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Baileys Prairie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Baileys Prairie to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Baileys Prairie. 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 Baileys Prairie, Texas
Property taxes in Baileys Prairie, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baileys Prairie is 0.70%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Baileys Prairie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baileys Prairie 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 Baileys Prairie's effective property tax rate to other counties in Texas and the national median. For comparison, the 77515 zip code has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Baileys Prairie provides valuable insights into the varying tax landscape across Brazoria County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baileys Prairie Tax Rate
0.70%
Average Brazoria County Tax Rate
1.96%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baileys Prairie, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77515 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
$1,148
Average Baileys Prairie Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Baileys Prairie, Texas
In Baileys Prairie, 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 Brazoria 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 Baileys Prairie, 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. Baileys Prairie has a median home price of $395,120, with the highest and lowest median tax bills both being $2,749 in the 77515 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Baileys Prairie Assessed Value
$395,120
Average Brazoria County Assessed Value
$236,820
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baileys Prairie, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77515 | $395,120 | $395,120 | $395,120 | $395,120 | $395,120 |
Source: Ownwell
$1,148
Average Baileys Prairie Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Baileys Prairie, Texas
In Baileys Prairie, property tax bills are calculated based on the assessed value of a home, which is determined by the Brazoria County Appraisal District. Homeowners in this area face a median tax bill of $2,749, which is significantly lower than the national median property tax rate of 0.99%. Factors such as property size, location, and market conditions influence the assessed value, ultimately affecting the tax bill. For homeowners, these taxes can represent a substantial financial burden. However, Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it with similar properties, Ownwell can identify discrepancies and potential savings. Our team of professionals works diligently to ensure that you’re not overpaying on your property taxes, potentially saving you hundreds or even thousands of dollars annually. Trust Ownwell to help you navigate the complexities of property tax assessments and reduce your financial burden effectively.
Average Baileys Prairie Tax Bill
$2,749
Average Brazoria County Tax Bill
$4,022
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Baileys Prairie, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77515 | $2,749 | $2,749 | $2,749 | $2,749 | $2,749 |
Source: Ownwell
$1,148
Average Baileys Prairie Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Brazoria Appraisal District | |
| Website | esearch.brazoriacad.org |
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