Bruceville Eddy, Texas Property Taxes
The median property tax rate in Bruceville-Eddy, TX is 1.54%, which is notably higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With a median home value of $50,580 in Bruceville-Eddy, the typical annual property tax bill amounts to $762, which is significantly lower than the national median of $2,690. Property taxes in Bruceville-Eddy are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bruceville-Eddy'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 Bruceville-Eddy or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bruceville Eddy, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Bruceville Eddy, Texas Tax Savings
Ownwell’s Bruceville-Eddy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bruceville-Eddy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bruceville-Eddy 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 Bruceville-Eddy. 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 Bruceville Eddy, Texas
Property taxes in Bruceville-Eddy, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bruceville-Eddy is 1.54%, higher than both the Texas state median of 1.6% and the U.S. national median of 0.99%. Local government entities within Bruceville-Eddy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bruceville-Eddy 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 Bruceville-Eddy's effective property tax rate to other counties in Texas and the national median. For comparison, the 76630 zip code has the highest median property tax rate of 1.54%, while the 76630 zip code has the lowest median tax rate of 1.54%. Understanding how these cities compare with Bruceville-Eddy 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 Bruceville Eddy Tax Rate
1.54%
Average Mclennan County Tax Rate
1.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bruceville Eddy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76630 | 1.15% | 1.41% | 1.54% | 1.87% | 1.90% |
Source: Ownwell
$1,148
Average Bruceville Eddy Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Bruceville Eddy, Texas
In Bruceville Eddy, 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. In Bruceville Eddy, 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. For instance, the median home price in Bruceville Eddy is $50,580, with tax bills ranging from $465 at the 25th percentile to $3,551 at the 90th percentile. The highest and lowest median tax bills are both $762 in the 76630 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bruceville Eddy Assessed Value
$50,580
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 Bruceville Eddy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76630 | $17,818 | $29,710 | $50,580 | $98,200 | $250,352 |
Source: Ownwell
$1,148
Average Bruceville Eddy Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Bruceville Eddy, Texas
In Bruceville Eddy, located in McLennan County, TX, property tax bills are calculated based on the assessed value of a home. The median home price in the area stands at $50,580. Property taxes are determined by multiplying the assessed value by the local tax rate. Homeowners can expect tax bills ranging from $465 at the 25th percentile to $3,551 at the 90th percentile, with the median tax bill being around $762. This is lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property improvements and market conditions. High property taxes can significantly impact homeowners, making it essential to seek ways to reduce the burden. This is where Ownwell steps in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners in Bruceville Eddy potentially lower their tax bills. Our team analyzes your property's assessed value, identifies discrepancies, and files appeals on your behalf to ensure you pay only what is fair.
Average Bruceville Eddy Tax Bill
$762
Average Mclennan County Tax Bill
$3,809
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bruceville Eddy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76630 | $317 | $465 | $762 | $1,365 | $3,551 |
Source: Ownwell
$1,148
Average Bruceville Eddy 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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