Bangs, Texas Property Taxes
The median property tax rate in Bangs, TX is 1.57%, which is significantly higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With the median home value in Bangs at $106,390, the typical annual property tax bill amounts to $1,431, falling below the national median of $2,690. Property taxes in Bangs are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural use. Understanding Bangs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bangs or another part of Brown County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bangs, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Bangs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bangs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bangs 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 Bangs, Texas
Property taxes in Bangs, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bangs is 1.57%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bangs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bangs 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 Bangs's effective property tax rate to other counties in Texas and the national median. For comparison, the 76823 zip code has the highest median property tax rate of 1.57%, while the 76823 zip code has the lowest median tax rate of 1.57%. Understanding how these cities compare with Bangs provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bangs Tax Rate
1.57%
Average Brown County Tax Rate
1.58%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bangs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76823 | 0.61% | 1.06% | 1.57% | 1.83% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Bangs, Texas
In Bangs, 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 Brown 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 Bangs, 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. The median home price in Bangs is $106,390, with annual tax bills ranging from $833 at the 25th percentile to $3,200 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bangs Assessed Value
$106,390
Average Brown County Assessed Value
$114,110
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bangs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76823 | $32,318 | $57,405 | $106,390 | $180,795 | $344,608 |
Source: Ownwell
Property Tax Bills Across Bangs, Texas
In Bangs, located in Brown County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The median home price in Bangs is $106,390. To calculate the tax bill, this assessed value is multiplied by the local property tax rate. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. Homeowners in Bangs experience a range of property tax bills. At the 25th percentile, the tax bill is around $833, while at the 75th percentile, it reaches approximately $2,210. For those at the 90th percentile, the tax bill can be as high as $3,200. These variations reflect differences in property values and specific assessments. The median tax bill in the area is notably lower than the national median property tax rate of 0.99%, offering some relief to local homeowners. Understanding how these factors interplay helps homeowners anticipate their annual property tax obligations.
Average Bangs Tax Bill
$1,431
Average Brown County Tax Bill
$1,714
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bangs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76823 | $446 | $833 | $1,431 | $2,210 | $3,200 |
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 | |
|---|---|
| Brown Appraisal District | |
| Website | propaccess.trueautomation.com |