Balch Springs, Texas Property Taxes

Ownwell’s Balch Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Balch Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Balch Springs 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 Balch Springs. 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 Assessment Values Across Balch Springs, Texas

In Balch Springs, 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 Dallas 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 Balch Springs, 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. The median home price in Balch Springs is $194,520, with tax bills ranging from $1,882 at the 25th percentile to $5,855 at the 90th percentile. Notably, the highest median tax bill is $5,445 in the 75181 zip code, while the lowest is $3,410 in the 75180 zip code. By understanding 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 Balch Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across Balch Springs, Texas

Source: Ownwell

$35,420

$1,172,740

$2,310,060

Average Balch Springs Assessed Value

$194,520

Average Dallas County Assessed Value

$276,620

Average Texas Assessed Value

$247,950

Average United States Assessed Value

$244,900