Blue Ridge, Texas Property Taxes
The median property tax rate in Blue Ridge, TX is 1.37%, which is considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Blue Ridge at $384,780, the typical annual property tax bill reaches $5,399, significantly exceeding the national median of $2,690. Property taxes in Blue Ridge 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 Blue Ridge'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 Blue Ridge 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
Blue Ridge, 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 BLUE RIDGE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BLUE RIDGE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BLUE RIDGE 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 Blue Ridge, Texas
Property taxes in Blue Ridge, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue Ridge is 1.37%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Blue Ridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue Ridge 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 Blue Ridge's effective property tax rate to other counties in Texas and the national median. For comparison, the 75424 zip code has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Blue Ridge provides valuable insights into the varying tax landscape across Fannin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blue Ridge Tax Rate
1.37%
Average Fannin County Tax Rate
1.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Ridge, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75424 | 0.71% | 0.93% | 1.37% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Blue Ridge, Texas
In BLUE RIDGE, 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 Fannin 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 BLUE RIDGE, 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 BLUE RIDGE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 75424 has the highest median tax bill of $5399, which can influence property tax strategies.
Average Blue Ridge Assessed Value
$384,780
Average Fannin County Assessed Value
$196,430
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blue Ridge, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75424 | $124,012 | $245,550 | $384,780 | $566,930 | $719,588 |
Source: Ownwell
Property Tax Bills Across Blue Ridge, Texas
In Blue Ridge, located in Fannin County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Blue Ridge is $384,780. Homeowners can expect varying tax bills, influenced by factors such as property size, location, and improvements. For instance, the tax bill at the 25th percentile is $2,016, while at the 75th percentile, it rises to $7,117. The tax rate in this region is higher than the national median property tax rate of 0.99%. The highest median tax bill in Blue Ridge is $5,399, recorded in the zip code 75424, which also represents the lowest median tax bill within the same area. These property taxes significantly impact homeowners, making it crucial to understand how the assessed value and tax rate affect their annual financial obligations. High property taxes can influence decisions on homeownership and property investment, highlighting the importance of accurate property assessments and potential appeals.
Average Blue Ridge Tax Bill
$5,399
Average Fannin County Tax Bill
$2,400
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Ridge, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75424 | $1,106 | $2,016 | $5,399 | $7,117 | $9,333 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Fannin Appraisal District | |
| Website | esearch.fannincad.org |