Birome, Texas Property Taxes
The median property tax rate in Birome, TX is 1.47%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Birome, the typical annual property tax bill reaches $191, significantly below the national median of $2,690. Property taxes in Birome are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Birome'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 Birome or another part of McLennan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Birome, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$191
$177
$1,148
Average Tax Savings
Ownwell’s Birome Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Birome with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Birome 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 Birome. 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 McLennan County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Birome, Texas
Property taxes in Birome, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Birome is 1.47%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Birome set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birome 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 Birome's effective property tax rate to other counties in Texas and the national median. For comparison, the 76673 zip code has the highest median property tax rate of 1.47%, while the same zip code also has the lowest median tax rate of 1.47%. Understanding how these cities compare with Birome provides valuable insights into the varying tax landscape across McLennan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Birome Tax Rate
1.47%
Average Mclennan County Tax Rate
1.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birome, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76673 | 1.47% | 1.47% | 1.47% | 1.47% | 1.47% |
Source: Ownwell
$1,148
Average Birome Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Birome, Texas
In Birome, 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 McLennan 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. Assessment notices in Birome 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 Birome helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Birome, the zip code 76673 has the highest and lowest median tax bill, both standing at $191. This uniformity in tax bills highlights the importance of understanding your property's assessed value and exploring potential exemptions to mitigate tax liabilities.
Average Birome Assessed Value
$13,000
Average Mclennan County Assessed Value
$228,020
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Birome, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76673 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 |
Source: Ownwell
$1,148
Average Birome Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Birome, Texas
In Birome, located in McLennan County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. With a median home price of $13,000, homeowners in Birome can expect a median tax bill of $191, which is significantly lower than the national median property tax rate of 0.99%. The tax bill remains consistent across different percentiles, reflecting a stable tax environment. Factors influencing your tax bill include the property's assessed value and any applicable exemptions. For homeowners, this means that even slight changes in assessed value can impact their annual tax obligations. Ownwell can help homeowners in Birome save on property tax bills by providing expert property tax appeal and exemption services. Our team ensures that your property is fairly assessed, potentially lowering your tax obligations. By leveraging local market insights and legal expertise, Ownwell maximizes your savings, providing peace of mind and financial relief.
Average Birome Tax Bill
$191
Average Mclennan County Tax Bill
$3,809
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Birome, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76673 | $191 | $191 | $191 | $191 | $191 |
Source: Ownwell
$1,148
Average Birome 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 | |
|---|---|
| Mclennan Appraisal District | |
| Phone | (254) 752-9864 |
| Website | esearch.mclennancad.org |
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