Bivins, Texas Property Taxes
The median property tax rate in Bivins, TX is 1.21%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Bivins at $55,850, the typical annual property tax bill amounts to $588, significantly less than the national median of $2,690. Property taxes in Bivins are determined based on the tax assessed value, which is often lower than the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Bivins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bivins or another part of Cass County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bivins, 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 Bivins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bivins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bivins 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 Bivins, Texas
Property taxes in Bivins, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bivins is 1.21%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bivins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bivins 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 Bivins' effective property tax rate to other counties in Texas and the national median. For comparison, the 75555 zip code has the highest median property tax rate of 1.21%, while the 75555 zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Bivins provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bivins Tax Rate
1.21%
Average Cass County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bivins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75555 | 0.58% | 1.21% | 1.21% | 1.38% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Bivins, Texas
In Bivins, 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 Cass 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 Bivins, 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 Bivins helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 75555 has the highest median tax bill at $588.00, which is relatively modest compared to the national median property tax rate of 0.99%.
Average Bivins Assessed Value
$55,850
Average Cass County Assessed Value
$69,430
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bivins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75555 | $10,100 | $26,960 | $55,850 | $105,070 | $168,450 |
Source: Ownwell
Property Tax Bills Across Bivins, Texas
In Bivins, located in Cass County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Bivins, the median home price is $55,850. Tax bills can vary significantly, with the 25th percentile tax bill at $269 and the 75th percentile reaching $1,160. The 90th percentile tax bill can go up to $1,995, indicating a range of tax obligations depending on property values and specific circumstances. The highest and lowest median tax bills in the area are both $588, corresponding to the zip code 75555. Compared to the national median property tax rate of 0.99%, Bivins residents experience a diverse range of tax bills that can significantly impact their annual expenses. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Bivins Tax Bill
$588
Average Cass County Tax Bill
$984
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bivins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75555 | $123 | $269 | $588 | $1,160 | $1,995 |
Source: Ownwell