Brookston, Texas Property Taxes
The median property tax rate in Brookston, TX is 0.78%, which is notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $93,370 in Brookston, the typical annual property tax bill amounts to $590, significantly below the national median of $2,690. Property taxes in Brookston are determined based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Brookston's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Brookston or another part of Lamar County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brookston, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$728
$676
Ownwell’s Brookston Property Tax Bill Calculator assists homeowners, real estate investors, and potential owners in estimating their annual property taxes in Brookston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brookston 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 Brookston, Texas
Property taxes in Brookston, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brookston is 0.78%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Brookston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brookston 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 Brookston's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 75421 has both the highest and lowest median property tax rate of 0.78%. Understanding how these cities compare with Brookston provides valuable insights into the varying tax landscape across Lamar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brookston Tax Rate
0.78%
Average Lamar County Tax Rate
1.12%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brookston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75421 | 0.21% | 0.40% | 0.78% | 1.18% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Brookston, Texas
In Brookston, 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 Lamar 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 Brookston, 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 Brookston is $93,370, with the 25th percentile tax bill at $204 and the 75th percentile at $1,088. Notably, both the highest and lowest median tax bills are $590 in the 75421 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brookston Assessed Value
$93,370
Average Lamar County Assessed Value
$126,530
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brookston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75421 | $15,452 | $48,350 | $93,370 | $140,070 | $212,332 |
Source: Ownwell
Property Tax Bills Across Brookston, Texas
In Brookston, located in Lamar County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and improvements. The median home price in Brookston is $93,370, and tax bills can vary significantly. For example, the 25th percentile tax bill is $204, while the 75th percentile reaches $1,088, and the 90th percentile climbs to $1,769. Homeowners in Brookston should be aware that their property tax bills can impact their overall housing costs. With a median tax bill of $590, the local tax rate is relatively moderate compared to the national median property tax rate of 0.99%. This means that while some homeowners may face higher bills, others benefit from lower property taxes, depending on their property's assessed value and specific circumstances.
Average Brookston Tax Bill
$590
Average Lamar County Tax Bill
$1,230
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Brookston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75421 | $99 | $204 | $590 | $1,088 | $1,769 |
Source: 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 | |
|---|---|
| Lamar Appraisal District | |
| Website | esearch.lamarcad.org |