Bremond, Texas Property Taxes
The median property tax rate in Bremond, TX is 1.80%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Bremond, the typical annual property tax bill reaches $2,880, exceeding the national median of $2,690. Property taxes in Bremond 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 Bremond'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 Bremond 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
Bremond, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$2,989
$2,773
Ownwell’s Bremond Property Tax Bill Calculator assists homeowners, real estate investors, and prospective buyers in estimating their annual property taxes in Bremond with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bremond to provide an estimate of your property tax bill. This invaluable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the value assigned by Falls County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Bremond, Texas
Property taxes in Bremond, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bremond is 1.80%, higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Bremond set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bremond 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 Bremond's effective property tax rate to other counties in Texas and the national median. For comparison, the 76629 zip code has the highest median property tax rate of 1.80%, while the same zip code also has the lowest median tax rate of 1.80%. Understanding how these cities compare with Bremond provides valuable insights into the varying tax landscape across Falls County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bremond Tax Rate
1.80%
Average Falls County Tax Rate
2.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bremond, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76629 | 0.92% | 1.34% | 1.80% | 2.30% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Bremond, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bremond, Texas. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Falls 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 Bremond, 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. For instance, the median home price in Bremond is $166,040, with tax bills ranging from $1,358 at the 25th percentile to $5,247 at the 90th percentile. The highest and lowest median tax bills are both $2,880 in the 76629 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bremond Assessed Value
$166,040
Average Falls County Assessed Value
$76,900
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bremond, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76629 | $40,630 | $93,060 | $166,040 | $255,820 | $412,960 |
Source: Ownwell
Property Tax Bills Across Bremond, Texas
In Bremond, located in Falls County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value, which is determined through periodic evaluations by the county's appraisal district. Homeowners in Bremond experience varying tax bills depending on several factors, including property size, location, and any applicable exemptions. For a median home price of $166,040, tax bills can range significantly. At the 25th percentile, homeowners might pay around $1,358, while those at the 75th percentile could see bills as high as $4,314. The top 10% of property tax bills in the area reach up to $5,247. Compared to the national median property tax rate of 0.99%, Bremond's rates reflect the local economic and property value conditions. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life for Bremond residents. Understanding these factors helps homeowners better anticipate and manage their annual property tax expenses.
Average Bremond Tax Bill
$2,880
Average Falls County Tax Bill
$1,609
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bremond, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76629 | $748 | $1,358 | $2,880 | $4,314 | $5,247 |
Source: Ownwell