Brackettville, Texas Property Taxes
The median property tax rate in Brackettville, TX is 1.24%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $61,205 in Brackettville, the typical annual property tax bill is $621, significantly below the national median of $2,690. Property taxes in Brackettville are calculated based on the tax assessed value, often reduced by exemptions such as those for primary residences and agricultural use. Understanding Brackettville'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 Brackettville or another part of Kinney County, being well-informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brackettville, 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 Brackettville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brackettville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brackettville 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 Brackettville, Texas
Property taxes in Brackettville, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brackettville is 1.24%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Brackettville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brackettville 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 Brackettville's effective property tax rate to other counties in Texas and the national median. For comparison, the 78832 zip code has the highest median property tax rate of 1.24%, while the same zip code has the lowest median tax rate of 1.24%. Understanding how these cities compare with Brackettville provides valuable insights into the varying tax landscape across Kinney County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brackettville Tax Rate
1.24%
Average Kinney County Tax Rate
1.24%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brackettville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78832 | 0.25% | 0.67% | 1.24% | 1.60% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Brackettville, Texas
In Brackettville, 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 Kinney 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 Brackettville, 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. The median home price in Brackettville is $61,205, with median tax bills ranging from $231 at the 25th percentile to $2,500 at the 90th percentile. The zip code 78832 has both the highest and lowest median tax bill at $621. Being aware of these valuation processes in Brackettville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brackettville Assessed Value
$61,205
Average Kinney County Assessed Value
$60,449
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brackettville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78832 | $10,835 | $28,449 | $61,205 | $124,494 | $255,604 |
Source: Ownwell
Property Tax Bills Across Brackettville, Texas
In Brackettville, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $61,205 in Brackettville, homeowners can expect varying tax bills. The 25th percentile tax bill is approximately $231, while the 75th percentile tax bill is around $1,311. At the higher end, the 90th percentile tax bill can reach up to $2,500. These tax bills can significantly impact homeowners, influencing their monthly budgets and long-term financial planning. Compared to the national median property tax rate of 0.99%, Brackettville's tax rates may offer some advantages or disadvantages depending on individual circumstances. It’s essential for homeowners to understand these factors, as they directly affect the affordability and overall cost of owning property in Brackettville.
Average Brackettville Tax Bill
$621
Average Kinney County Tax Bill
$604
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Brackettville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78832 | $90 | $231 | $621 | $1,311 | $2,500 |
Source: Ownwell