Buchanan Dam, Texas Property Taxes
The median property tax rate in Buchanan Dam, TX is 1.14%, slightly higher than the national median of 0.99% yet lower than the Texas state median of 1.67%. With the median home value in Buchanan Dam at $211,640, the typical annual property tax bill reaches $2,100, which is just below the national median of $2,690. Property taxes in Buchanan Dam are calculated based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural use. Understanding Buchanan Dam'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 Buchanan Dam or another part of Llano County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Buchanan Dam, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$2,413
$2,239
$1,148
Average Tax Savings
Ownwell’s Buchanan Dam Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Buchanan Dam with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Buchanan Dam to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Buchanan Dam. 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 Buchanan Dam, Texas
Property taxes in Buchanan Dam, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Buchanan Dam is 1.14%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Buchanan Dam set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buchanan Dam 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 Buchanan Dam's effective property tax rate to other counties in Texas and the national median. For comparison, the 78609 zip code has the highest median property tax rate of 1.14%, while also holding the lowest median tax rate of 1.14%. Understanding how these cities compare with Buchanan Dam provides valuable insights into the varying tax landscape across Llano County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buchanan Dam Tax Rate
1.14%
Average Llano County Tax Rate
1.32%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buchanan Dam, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78609 | 0.45% | 0.80% | 1.14% | 1.43% | 1.43% |
Source: Ownwell
$1,148
Average Buchanan Dam Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Buchanan Dam, Texas
In Buchanan Dam, 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 Llano 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 Buchanan Dam, 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 Buchanan Dam helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Buchanan Dam are both $2,100, found in the zip code 78609.
Average Buchanan Dam Assessed Value
$211,640
Average Llano County Assessed Value
$250,390
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Buchanan Dam, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78609 | $37,575 | $95,708 | $211,640 | $351,528 | $577,152 |
Source: Ownwell
$1,148
Average Buchanan Dam Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Buchanan Dam, Texas
In Buchanan Dam, located in Llano County, TX, property tax bills are calculated based on the assessed value of your home. With a median home price of $211,640, homeowners can expect their tax bills to vary significantly. The tax bill at the 25th percentile is around $797, while those at the 90th percentile can reach up to $7,136. These figures are influenced by the local tax rate and the assessed value of the property, which can fluctuate based on market conditions and property improvements. Homeowners in Buchanan Dam often find themselves paying higher property taxes compared to the national median property tax rate of 0.99%. This can put a strain on household budgets. Ownwell offers expert property tax appeal and exemption services to help homeowners reduce their tax burden. By thoroughly reviewing your property’s assessed value and identifying potential discrepancies, Ownwell can effectively lower your property tax bill, ensuring you only pay what is fair and accurate.
Average Buchanan Dam Tax Bill
$2,100
Average Llano County Tax Bill
$2,837
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Buchanan Dam, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78609 | $314 | $797 | $2,100 | $4,071 | $7,136 |
Source: Ownwell
$1,148
Average Buchanan Dam Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Llano Appraisal District | |
| Website | esearch.llanocad.net |
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