Bryson, Texas Property Taxes
The median property tax rate in Bryson, TX is 1.82%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Bryson at $60,320, the typical annual property tax bill reaches $1,046, exceeding the national median of $2,690. Property taxes in Bryson 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 Bryson'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 Bryson 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
Bryson, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$1,098
$1,019
Ownwell’s Bryson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bryson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bryson 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 Bryson, Texas
Property taxes in Bryson, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bryson is 1.82%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bryson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bryson 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 Bryson's effective property tax rate to other counties in Texas and the national median. For comparison, the 76427 zip code has the highest median property tax rate of 1.82%, while the 76427 zip code also has the lowest median tax rate of 1.82%. Understanding how these cities compare with Bryson 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 Bryson Tax Rate
1.82%
Average Jack County Tax Rate
1.42%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bryson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76427 | 0.77% | 1.14% | 1.82% | 2.53% | 2.53% |
Source: Ownwell
Property Tax Assessment Values Across Bryson, Texas
In Bryson, 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 Bryson, 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 Bryson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Bryson is $1046 in zip code 76427, while the lowest median tax bill also stands at $1046 in the same zip code.
Average Bryson Assessed Value
$60,320
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 Bryson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76427 | $8,001 | $22,858 | $60,320 | $158,315 | $293,347 |
Source: Ownwell
Property Tax Bills Across Bryson, Texas
In Bryson, located in Jack County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The tax rate applied to this assessed value is crucial in determining the final tax bill. For example, the median home price in Bryson is $60,320, and property tax bills can vary significantly based on this valuation. Homeowners in the 25th percentile can expect tax bills around $429, while those in the 75th percentile might see bills closer to $2,239. At the 90th percentile, tax bills can reach up to $3,485. These variations highlight how different factors, such as property size, location, and market conditions, influence the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, Bryson's property tax rates can be quite varied, affecting homeowners differently depending on their property's assessed value. Understanding these factors can help homeowners better anticipate and manage their annual property tax expenses.
Average Bryson Tax Bill
$1,046
Average Jack County Tax Bill
$1,539
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bryson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76427 | $128 | $429 | $1,046 | $2,239 | $3,485 |
Source: Ownwell