Bivins, Texas Property Taxes
The median property tax rate in Bivins, TX is 0.90%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Bivins at $89,340, the typical annual property tax bill amounts to $642, significantly below the national median of $2,690. Property taxes in Bivins are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Bivins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bivins or another part of Marion County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bivins, 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 Bivins Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bivins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bivins to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan your finances accordingly. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property’s assessed value is determined by Marion County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Bivins, Texas
Property taxes in Bivins, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bivins is 0.90%, slightly lower than the Texas state median but close to the U.S. national median of 0.99%. Local government entities within Bivins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bivins 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 Bivins' effective property tax rate to other counties in Texas and the national median. For comparison, the 75555 zip code has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Bivins provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bivins Tax Rate
0.90%
Average Marion County Tax Rate
0.88%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bivins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75555 | 0.31% | 0.49% | 0.90% | 1.34% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Bivins, Texas
In Bivins, 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 Marion 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 Bivins, 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 Bivins is $89,340, with tax bills ranging from $289 at the 25th percentile to $2,176 at the 90th percentile. The zip code 75555 has the highest and lowest median tax bill of $642. Awareness of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bivins Assessed Value
$89,340
Average Marion County Assessed Value
$74,260
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bivins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75555 | $15,476 | $41,440 | $89,340 | $182,745 | $278,614 |
Source: Ownwell
Property Tax Bills Across Bivins, Texas
In Bivins, located in Marion County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Bivins is $89,340, which serves as a baseline for determining the tax bill. The assessed value is then multiplied by the local tax rate to calculate the annual property tax. The national median property tax rate is 0.99%, but local rates can vary. For homeowners in Bivins, the property tax bill can range significantly. At the 25th percentile, the tax bill is around $289, while at the 75th percentile, it rises to approximately $1,401. The 90th percentile sees even higher tax bills, reaching up to $2,176. These variations are influenced by the specific assessed values of individual properties and any applicable exemptions or deductions. Homeowners in Bivins should be aware that property taxes can significantly impact their annual expenses. Understanding how these taxes are calculated can help in budgeting and planning for future financial obligations.
Average Bivins Tax Bill
$642
Average Marion County Tax Bill
$470
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bivins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75555 | $171 | $289 | $642 | $1,401 | $2,176 |
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 | |
|---|---|
| Marion Appraisal District | |
| Website | www.marioncad.org |