Bedias, Madison County, Texas Property Taxes
The median property tax rate in Bedias, TX is 1.00%, slightly higher than the national median of 0.99% but below the Texas state median of 1.67%. With a median home value of $145,105 in Bedias, the typical annual property tax bill amounts to $1,225, which is lower than the national median of $2,690. Property taxes in Bedias are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Bedias'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 Bedias or another part of Madison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bedias, Madison County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$1,451
$1,347
Ownwell’s Bedias Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bedias with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bedias 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 Bedias, Madison County, Texas
Property taxes in Bedias, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bedias is 1.00%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bedias set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bedias 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 Bedias's effective property tax rate to other counties in Texas and the national median. For comparison, the 77831 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these areas compare with Bedias provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bedias Tax Rate
1.00%
Average Madison County Tax Rate
0.95%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bedias, Madison County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77831 | 0.32% | 0.49% | 1.00% | 1.09% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Bedias, Madison County, Texas
In Bedias, 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 Madison 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 Bedias, 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 Bedias helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bedias are both $1,225, found in the zip code 77831.
Property Tax Assessment Values Across Bedias, Madison County, Texas
Source: Ownwell
$138,820
$198,790
$258,760
Average Bedias Assessed Value
$145,105
Average Madison County Assessed Value
$154,920
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bedias, Madison County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77831 | $97,560 | $124,218 | $145,105 | $172,532 | $212,406 |
Source: Ownwell
Property Tax Bills Across Bedias, Madison County, Texas
Property tax bills in Bedias, located in Madison County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. In Bedias, the median home price is $145,105. The property tax rate in this city can significantly affect homeowners' annual expenses. For example, the 25th percentile tax bill in Bedias is $808, while the 75th percentile tax bill is $1,527. This variation highlights how property values and tax rates combine to influence the final tax bill. Homeowners in the 90th percentile can expect to pay as much as $1,890 annually. The highest median tax bill recorded in the area is $1,225, which is notably higher than the national median property tax rate of 0.99%. These property tax bills fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life in Bedias.
Average Bedias Tax Bill
$1,225
Average Madison County Tax Bill
$1,166
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bedias, Madison County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77831 | $481 | $808 | $1,225 | $1,527 | $1,890 |
Source: Ownwell