Brooks Cb, Texas Property Taxes
The median property tax rate in BROOKS CB, TX is 1.68%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $62,738 in BROOKS CB, the typical annual property tax bill amounts to $1,053, surpassing the national median of $2,690. Property taxes in BROOKS CB are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding the property tax system in BROOKS CB, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of BROOKS CB or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brooks Cb, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$1,054
$978
$1,148
Average Tax Savings
Ownwell’s BROOKS CB Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BROOKS CB with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BROOKS CB 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 BROOKS CB. 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 Brooks Cb, Texas
Property taxes in Brooks CB, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brooks CB is 1.68%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Brooks CB set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brooks CB 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 Brooks CB's effective property tax rate to other counties in Texas and the national median. For comparison, the 78235 zip code has the highest median property tax rate of 1.68%, while the 78235 zip code also has the lowest median tax rate of 1.68%. Understanding how these cities compare with Brooks CB provides valuable insights into the varying tax landscape across Grayson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brooks Cb Tax Rate
1.68%
Average Grayson County Tax Rate
2.09%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brooks Cb, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78235 | 1.68% | 1.68% | 1.68% | 1.68% | 1.68% |
Source: Ownwell
$1,148
Average Brooks Cb Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Brooks Cb, Texas
In BROOKS CB, 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 Grayson 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. 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 BROOKS CB helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 78235, both with a value of $1053.
Average Brooks Cb Assessed Value
$62,738
Average Grayson County Assessed Value
$177,813
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brooks Cb, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78235 | $62,738 | $62,738 | $62,738 | $62,738 | $62,738 |
Source: Ownwell
$1,148
Average Brooks Cb Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Brooks Cb, Texas
In Brooks CB, located in Grayson County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The median home price in Brooks CB is $62,738. Homeowners in Brooks CB face a median property tax bill of $1,053, which is significantly higher than the national median property tax rate of 0.99%. Factors like property size, location, and market conditions influence the assessed value, directly impacting the tax bill. Homeowners may find these tax bills burdensome, but Ownwell offers a solution. By leveraging expertise in property tax appeals and exemptions, Ownwell helps homeowners potentially lower their assessed values, leading to reduced tax bills. With a deep understanding of local tax regulations and a proven track record, Ownwell can identify discrepancies in assessments and file appeals on behalf of homeowners, ensuring they pay only their fair share. This service not only provides financial relief but also peace of mind for property owners in Brooks CB.
Average Brooks Cb Tax Bill
$1,053
Average Grayson County Tax Bill
$3,777
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Brooks Cb, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78235 | $1,053 | $1,053 | $1,053 | $1,053 | $1,053 |
Source: Ownwell
$1,148
Average Brooks Cb Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Grayson Appraisal District | |
| Website | esearch.graysonappraisal.org |
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