Ben Franklin, Delta County, Texas Property Taxes
The median property tax rate in Ben Franklin, TX is 1.71%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Ben Franklin at $126,280, the typical annual property tax bill reaches $1,993, which is still below the national median of $2,690. Property taxes in Ben Franklin are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ben Franklin'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 Ben Franklin or another part of Delta County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ben Franklin, Delta County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$2,159
$2,004
Ownwell’s Ben Franklin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ben Franklin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ben Franklin 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 Ben Franklin, Delta County, Texas
Property taxes in Ben Franklin, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ben Franklin is 1.71%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Ben Franklin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ben Franklin 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 Ben Franklin's effective property tax rate to other counties in Texas and the national median. For comparison, the 75415 zip code has the highest median property tax rate of 1.71%, while the same zip code also has the lowest median tax rate of 1.71%. Understanding how these cities compare with Ben Franklin provides valuable insights into the varying tax landscape across Delta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ben Franklin Tax Rate
1.71%
Average Delta County Tax Rate
2.34%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ben Franklin, Delta County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75415 | 0.66% | 1.23% | 1.71% | 2.38% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Ben Franklin, Delta County, Texas
In Ben Franklin, 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 Delta 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 Ben Franklin, 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 Ben Franklin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1993, found in the 75415 zip code.
Property Tax Assessment Values Across Ben Franklin, Delta County, Texas
Source: Ownwell
$55,745
$143,418
$231,090
Average Ben Franklin Assessed Value
$126,280
Average Delta County Assessed Value
$122,915
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ben Franklin, Delta County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75415 | $25,342 | $49,312 | $126,280 | $279,585 | $498,349 |
Source: Ownwell
Property Tax Bills Across Ben Franklin, Delta County, Texas
In Ben Franklin, located in Delta County, TX, property tax bills are calculated by multiplying the assessed value of a home by the local property tax rate. The assessed value is determined by the county appraisal district and is based on the market value of the property. For instance, the median home price in Ben Franklin is $126,280. Homeowners can expect property tax bills to vary significantly, with the 25th percentile tax bill being around $849 and the 75th percentile reaching approximately $3,241. The highest median tax bill in the area is $1,993, which is relatively modest compared to the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood developments, and local government budgets also influence the final tax bill. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Ben Franklin Tax Bill
$1,993
Average Delta County Tax Bill
$2,570
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ben Franklin, Delta County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75415 | $431 | $849 | $1,993 | $3,241 | $6,327 |
Source: Ownwell