Brookesmith, Texas Property Taxes
The median property tax rate in Brookesmith, TX is 1.10%, slightly above the national median of 0.99% but below the Texas state median of 1.67%. With a median home value of $141,130 in Brookesmith, the typical annual property tax bill amounts to $1,190, which is lower than the national median of $2,690. Property taxes in Brookesmith are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Brookesmith's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Brookesmith or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brookesmith, 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 Brookesmith Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Brookesmith with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Brookesmith to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in more localized trends, further detailed information is available below. Your property’s assessed value is determined by Brown County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Brookesmith, Texas
Property taxes in Brookesmith, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brookesmith is 1.10%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Brookesmith set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brookesmith 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 Brookesmith's effective property tax rate to other counties in Texas and the national median. For comparison, the 76827 zip code has the highest median property tax rate of 1.10%, while the 76827 zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Brookesmith 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 Brookesmith Tax Rate
1.10%
Average Brown County Tax Rate
1.58%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brookesmith, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76827 | 0.36% | 0.78% | 1.10% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Brookesmith, Texas
In Brookesmith, 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 Brookesmith, 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. For instance, the median home price in Brookesmith is $141,130, with annual tax bills ranging from $691 at the 25th percentile to $3,919 at the 90th percentile. The zip code 76827 has both the highest and lowest median tax bill, which is $1,190. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brookesmith Assessed Value
$141,130
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 Brookesmith, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76827 | $23,966 | $69,980 | $141,130 | $296,500 | $596,546 |
Source: Ownwell
Property Tax Bills Across Brookesmith, Texas
In Brookesmith, located in Brown County, TX, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the property's market value. Once the value is assessed, the local tax rate, set by various taxing entities such as school districts and municipalities, is applied to calculate the tax bill. For homeowners in Brookesmith, the median home price is $141,130. Property tax bills can vary significantly, with the 25th percentile tax bill at $691 and the 75th percentile at $2,321. At the 90th percentile, homeowners might see tax bills as high as $3,919. These figures illustrate the range of tax liabilities homeowners might face, depending on their property's assessed value and the applicable tax rates. Compared to the national median property tax rate of 0.99%, Brookesmith's tax rates can have a substantial impact on homeowners, influencing their annual financial planning and long-term investment decisions.
Average Brookesmith Tax Bill
$1,190
Average Brown County Tax Bill
$1,714
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Brookesmith, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76827 | $248 | $691 | $1,190 | $2,321 | $3,919 |
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 |