Brady, Mason County, Texas Property Taxes
The median property tax rate in Brady, TX is 1.39%, 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 $225,847, the typical annual property tax bill in Brady amounts to $3,184, surpassing the national median of $2,690. Property taxes in Brady are determined based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural land. Navigating Brady's property tax system, exploring available exemptions, and uncovering opportunities for reductions can lead to substantial yearly savings. Whether you reside in the heart of Brady or elsewhere in the city, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Brady, Mason County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$3,139
$2,913
Ownwell’s Brady Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brady with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brady 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 Brady, Mason County, Texas
Property taxes in Brady, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brady is 1.39%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Brady set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brady 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 Brady's effective property tax rate to other counties in Texas and the national median. For comparison, the 76825 zip code has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Brady provides valuable insights into the varying tax landscape across Mason County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brady Tax Rate
1.39%
Average Mason County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brady, Mason County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76825 | 0.39% | 0.53% | 1.39% | 1.74% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Brady, Mason County, Texas
In Brady, 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 Mason 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 Brady, 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 Brady helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 76825 in Brady has both the highest and lowest median tax bill at $3,184.
Property Tax Assessment Values Across Brady, Mason County, Texas
Source: Ownwell
$157,337
$218,844
$280,350
Average Brady Assessed Value
$225,847
Average Mason County Assessed Value
$221,377
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brady, Mason County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76825 | $168,300 | $193,152 | $225,847 | $768,858 | $1,245,552 |
Source: Ownwell
Property Tax Bills Across Brady, Mason County, Texas
In Brady, located in Mason County, TX, property tax bills 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, which evaluates properties annually to reflect current market conditions. Homeowners in Brady face a median property tax rate of 0.99%, which aligns with the national median. For a home with a median price of $225,847, this translates to an average annual tax bill. However, tax bills can vary significantly; the 25th percentile tax bill is $2,539, while the 75th percentile reaches $4,505, and the 90th percentile can go up to $5,423. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. These tax bills directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these elements interact helps homeowners anticipate their financial obligations and plan accordingly.
Average Brady Tax Bill
$3,184
Average Mason County Tax Bill
$2,755
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Brady, Mason County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76825 | $1,727 | $2,539 | $3,184 | $4,505 | $5,423 |
Source: Ownwell