Briscoe County, Texas Property Taxes
The median property tax rate in Briscoe County is 1.81%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Briscoe County at $52,300, the typical annual property tax bill reaches $831, which is below the national median of $2,690. Property taxes in Briscoe County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Briscoe County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Silverton or another part of Briscoe County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Briscoe County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.81%
Estimate Property Tax Bill
$947
$878
Ownwell’s Briscoe County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Briscoe County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Briscoe County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Briscoe County, Texas
Property taxes in Briscoe County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Briscoe County is 1.81%, which is higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Briscoe County set these rates annually, and they can vary significantly between different areas within the county. Each year, Briscoe County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Briscoe County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Quitaque has one of the higher property tax rates in Texas at 2.05%, while the city of Clarendon boasts one of the lowest at 1.14%. Analyzing how Briscoe County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Briscoe County Tax Rate
1.81%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Briscoe County, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Briscoe County, TX. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering factors such as location, property condition, and current economic trends. For tax purposes, this value is estimated by the Briscoe County Appraisal District. The assessed value, however, 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. Assessment notices in Briscoe County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, in Briscoe County, the median home price is $52,300, with tax bills ranging from $423 at the 25th percentile to $2,052 at the 90th percentile. Clarendon has the highest median tax bill at $1,501, while Silverton has the lowest at $823. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Briscoe County Assessed Value
$52,300
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Bills Across Briscoe County, Texas
In Briscoe County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. The tax rate is applied to this assessed value to generate the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any applicable exemptions. For instance, homeowners in Briscoe County with a median home price of $52,300 can expect a tax bill ranging from $423 at the 25th percentile to $2,052 at the 90th percentile. Homeowners in Briscoe County experience a range of tax bills, with Clarendon having the highest median tax bill at $1,501, while Silverton has the lowest at $823. These variations reflect differences in property values and local tax rates. Compared to the national median property tax rate of 0.99%, Briscoe County's tax rates can significantly impact homeowners, influencing their overall housing costs and financial planning.
Average Briscoe County Tax Bill
$831
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690