Bridgeport, Texas Property Taxes
The median property tax rate in Bridgeport, TX is 1.07%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $185,180 in Bridgeport, the typical annual property tax bill is $1,484, which is below the national median of $2,690. Property taxes in Bridgeport are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Bridgeport'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 Bridgeport 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
Bridgeport, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$1,981
$1,839
Ownwell’s Bridgeport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bridgeport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bridgeport 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 Bridgeport, Texas
Property taxes in Bridgeport, Texas, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Bridgeport is 1.07%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bridgeport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bridgeport 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 Bridgeport's effective property tax rate to other counties in Texas and the national median. For comparison, the 76426 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Bridgeport provides valuable insights into the varying tax landscape across Jack County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bridgeport Tax Rate
1.07%
Average Jack County Tax Rate
1.42%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bridgeport, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76426 | 0.34% | 0.68% | 1.07% | 1.53% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Bridgeport, Texas
In Bridgeport, 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 Jack 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 Bridgeport, 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. For instance, the median home price in Bridgeport is $185,180, with tax bills ranging from $718 at the 25th percentile to $4,162 at the 90th percentile. Being aware of these valuation processes in Bridgeport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bridgeport Assessed Value
$185,180
Average Jack County Assessed Value
$110,330
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bridgeport, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76426 | $20,641 | $89,300 | $185,180 | $295,075 | $405,280 |
Source: Ownwell
Property Tax Bills Across Bridgeport, Texas
In Bridgeport, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors that influence the tax bill include the home's market value, property improvements, and any applicable exemptions. For example, in Bridgeport, the median home price is $185,180. Homeowners in the 25th percentile can expect a tax bill around $718, while those in the 75th percentile might see a bill closer to $2,698. At the 90th percentile, tax bills can reach up to $4,162. Comparatively, the highest and lowest median tax bills in the area are both $1,484, which is significantly lower than the national median property tax rate of 0.99%. Understanding these factors helps homeowners in Bridgeport anticipate their property tax obligations and budget accordingly, ensuring they are prepared for annual expenses.
Average Bridgeport Tax Bill
$1,484
Average Jack County Tax Bill
$1,539
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bridgeport, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76426 | $220 | $718 | $1,484 | $2,698 | $4,162 |
Source: Ownwell