Briscoe, Hemphill County, Texas Property Taxes
The median property tax rate in Briscoe, TX is 1.68%, which is notably higher than the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $78,410 in Briscoe, the typical annual property tax bill amounts to $1,269, still below the national median of $2,690. Property taxes in Briscoe are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Briscoe'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 Briscoe 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
Briscoe, Hemphill County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$1,317
$1,222
Ownwell’s Briscoe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Briscoe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Briscoe 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 Briscoe, Hemphill County, Texas
Property taxes in Briscoe, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Briscoe is 1.68%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Briscoe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Briscoe 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 Briscoe's effective property tax rate to other counties in Texas and the national median. For comparison, the 79011 zip code has the highest median property tax rate of 1.68%, while the 79011 zip code also has the lowest median tax rate of 1.68%. Understanding how these cities compare with Briscoe provides valuable insights into the varying tax landscape across Hemphill, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Briscoe Tax Rate
1.68%
Average Hemphill County Tax Rate
2.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Briscoe, Hemphill County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79011 | 1.46% | 1.68% | 1.68% | 1.68% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Briscoe, Hemphill County, Texas
In Briscoe, 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 Hemphill 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 Briscoe, 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 Briscoe is $78,410, with the 25th percentile tax bill at $944 and the 75th percentile tax bill at $1,664. The highest median tax bill in the area is $1,269 in the 79011 zip code, which also has the lowest median 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 Briscoe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Briscoe, Hemphill County, Texas
Source: Ownwell
$70,230
$74,320
$78,410
Average Briscoe Assessed Value
$78,410
Average Hemphill County Assessed Value
$70,510
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Briscoe, Hemphill County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79011 | $51,168 | $57,868 | $78,410 | $102,875 | $141,954 |
Source: Ownwell
Property Tax Bills Across Briscoe, Hemphill County, Texas
In Briscoe, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements made to the property. For homeowners in Briscoe, the median home price is $78,410. Property tax bills can vary significantly, with the 25th percentile tax bill at $944 and the 75th percentile at $1,664. At the 90th percentile, homeowners might see tax bills as high as $2,106. Comparatively, the median property tax rate in Briscoe is above the national median of 0.99%, highlighting a potentially higher tax burden for residents. Understanding these factors is crucial for homeowners to anticipate and manage their property tax obligations effectively.
Average Briscoe Tax Bill
$1,269
Average Hemphill County Tax Bill
$1,688
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Briscoe, Hemphill County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79011 | $684 | $944 | $1,269 | $1,664 | $2,106 |
Source: Ownwell