Bruceville, Texas Property Taxes
The median property tax rate in Bruceville, TX is 1.31%, 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 Bruceville at $146,590, the typical annual property tax bill amounts to $1,325, which falls below the national median of $2,690. Property taxes in Bruceville are based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bruceville'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 Bruceville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bruceville, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$1,920
$1,782
Ownwell’s Bruceville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bruceville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bruceville 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 Bruceville, Texas
Property taxes in Bruceville, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bruceville is 1.31%, higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Bruceville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bruceville 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 Bruceville's effective property tax rate to other counties in Texas and the national median. For comparison, the 76630 zip code has the highest median property tax rate of 1.31%, while the 76630 zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Bruceville 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 Bruceville Tax Rate
1.31%
Average Falls County Tax Rate
2.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bruceville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76630 | 0.48% | 1.15% | 1.31% | 1.77% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Bruceville, Texas
In Bruceville, 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 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 Bruceville, 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 Bruceville is $146,590, with tax bills ranging from $1,277 at the 25th percentile to $2,825 at the 90th percentile. The zip code 76630 has both the highest and lowest median tax bill at $1,325. 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 Bruceville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bruceville Assessed Value
$146,590
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 Bruceville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76630 | $74,478 | $82,590 | $146,590 | $188,280 | $229,090 |
Source: Ownwell
Property Tax Bills Across Bruceville, Texas
In Bruceville, 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 determined by the county appraisal district, which evaluates properties annually. Homeowners in Bruceville face a median property tax bill of $1,325, which aligns with the national median property tax rate of 0.99%. Factors influencing the tax bill include the property's market value, any applicable exemptions, and the specific tax rate set by local taxing authorities. For instance, a home valued at $146,590 would typically incur a tax bill around $1,277 at the 25th percentile, while homes at the 75th percentile see bills up to $1,680. At the higher end, the 90th percentile tax bill can reach $2,825. These property taxes significantly impact homeowners, contributing to local services such as schools, infrastructure, and emergency services. Understanding these factors helps homeowners anticipate their annual tax obligations and budget accordingly.
Average Bruceville Tax Bill
$1,325
Average Falls County Tax Bill
$1,609
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bruceville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76630 | $901 | $1,277 | $1,325 | $1,680 | $2,825 |
Source: Ownwell