Bledsoe, Texas Property Taxes
The median property tax rate in Bledsoe, TX is 3.35%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Bledsoe, the typical annual property tax bill reaches $131, far below the national median of $2,690. Property taxes in Bledsoe 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 Bledsoe's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bledsoe 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
Bledsoe, 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 Bledsoe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bledsoe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bledsoe 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 Bledsoe, Texas
Property taxes in Bledsoe, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bledsoe is 3.35%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bledsoe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bledsoe 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 Bledsoe's effective property tax rate to other counties in Texas and the national median. For comparison, the 79314 zip code has the highest median property tax rate of 3.35%, while the same zip code also has the lowest median tax rate of 3.35%. Understanding how these cities compare with Bledsoe provides valuable insights into the varying tax landscape across Cochran County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bledsoe Tax Rate
3.35%
Average Cochran County Tax Rate
3.27%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bledsoe, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79314 | 2.15% | 3.11% | 3.35% | 3.35% | 3.37% |
Source: Ownwell
Property Tax Assessment Values Across Bledsoe, Texas
In Bledsoe, 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 Cochran 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 Bledsoe, 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 Bledsoe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Bledsoe is $131.00 in the 79314 zip code, while the lowest median tax bill is also $131.00 in the same zip code.
Average Bledsoe Assessed Value
$4,466
Average Cochran County Assessed Value
$14,911
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bledsoe, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79314 | $1,010 | $2,192 | $4,466 | $14,886 | $25,278 |
Source: Ownwell
Property Tax Bills Across Bledsoe, Texas
In Bledsoe, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements or additions made to the property. For homeowners in Bledsoe, the property tax bill can vary significantly. The 25th percentile tax bill is around $63, while the 75th percentile tax bill reaches $443. At the 90th percentile, homeowners might expect to pay as much as $657 annually. Comparatively, the national median property tax rate is 0.99%, which highlights the relative affordability of property taxes in this area. Homeowners should be aware of these variances as they can impact their annual budgeting and financial planning. Understanding these factors can help homeowners anticipate and possibly appeal their property tax bills, ensuring they are not overpaying.
Average Bledsoe Tax Bill
$131
Average Cochran County Tax Bill
$427
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bledsoe, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79314 | $31 | $63 | $131 | $443 | $657 |
Source: Ownwell