Burnet, Texas Property Taxes
The median property tax rate in Burnet, TX is 1.16%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Burnet at $345,049, the typical annual property tax bill reaches $4,018, surpassing the national median of $2,690. Property taxes in Burnet are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Burnet'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 Burnet or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burnet, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Burnet, Texas Tax Savings
Ownwell’s Burnet Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burnet with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burnet 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 Burnet. 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 Burnet, Texas
Property taxes in Burnet, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burnet is 1.16%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Burnet set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burnet 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 Burnet's effective property tax rate to other counties in Texas and the national median. For comparison, the 78611 zip code has the highest median property tax rate of 1.16%, while the 78611 zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Burnet provides valuable insights into the varying tax landscape across Burnet, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burnet Tax Rate
1.16%
Average Burnet County Tax Rate
1.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burnet, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78611 | 0.53% | 0.88% | 1.16% | 1.46% | 1.66% |
Source: Ownwell
$1,148
Average Burnet Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Burnet, Texas
In Burnet, 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 Burnet 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. 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. Being aware of these valuation processes in Burnet helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 78611 has the highest and lowest median tax bill at $4,018, illustrating the variability in property tax assessments within the area.
Average Burnet Assessed Value
$345,049
Average Burnet County Assessed Value
$355,573
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burnet, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78611 | $81,365 | $204,780 | $345,049 | $606,437 | $979,006 |
Source: Ownwell
$1,148
Average Burnet Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Burnet, Texas
In Burnet, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Burnet is $345,049, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property improvements, local tax levies, and exemptions also play a role in the final amount. For instance, tax bills in Burnet range significantly, with the 25th percentile at $1,949 and the 90th percentile reaching $9,489. Homeowners in Burnet face various financial implications due to property taxes. A higher tax bill can strain household budgets, especially when the assessed value of homes increases. Ownwell offers a solution by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially lower their tax bills, ensuring they only pay their fair share. This can result in substantial savings, allowing homeowners to allocate funds to other essential expenses.
Average Burnet Tax Bill
$4,018
Average Burnet County Tax Bill
$4,017
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Burnet, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78611 | $634 | $1,949 | $4,018 | $6,215 | $9,489 |
Source: Ownwell
$1,148
Average Burnet 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 | |
|---|---|
| Burnet Appraisal District | |
| Website | esearch.burnet-cad.org |
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