Buckholts, Milam County, Texas Property Taxes

Name: Property Tax Bills Across Buckholts, Milam County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Buckholts, TX effective property tax rate: 1.16%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Buckholts, TX home value: $146,790
Median annual Buckholts, TX tax bill: $1,386, $1,014 lower than the national median property tax bill of $2,400.

How are property taxes in Milam County calculated?

Property taxes in Buckholts, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Buckholts’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Buckholts, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Buckholts, Milam County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.16%

Estimate Property Tax Bill

$1,703

$1,580

Ownwell’s Buckholts Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Buckholts with just two data points. By entering your property's estimated assessed value, our calculator applies Buckholts’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Milam County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Buckholts, Milam County, Texas

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Buckholts’ effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. In Buckholts, located in Milam County, the effective property tax rate is 1.16%. This is notably higher than the national median property tax rate of 1.02%. However, it aligns with the state's median, indicating that Buckholts is representative of the broader tax environment in Texas. For property owners in Buckholts, understanding this rate is crucial as it impacts annual property tax bills and overall financial planning. Comparing this to the national median property tax bill of $2,400, property owners can better assess their tax obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Buckholts, Milam County, Texas

Source: Ownwell

0.53%

1.13%

1.73%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Buckholts Tax Rate

1.16%

Median Effective Milam County Tax Rate

1.45%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Buckholts, Milam County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
76518	0.30%	0.65%	1.16%	1.63%	1.66%

Source: Ownwell

Property Tax Assessment Values Across Buckholts, Milam County, Texas

When examining property taxes in Buckholts, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Milam County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Milam County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Buckholts. For example, the median home price in Buckholts is $146,790, with tax bills ranging significantly across the county. Zip code 76518 has the highest median home price at $146,790.

Property Tax Assessment Values Across Buckholts, Milam County, Texas

Source: Ownwell

$84,220

$321,295

$558,370

Median Buckholts Market Value

$146,790

Median Milam County Market Value

$146,970

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Buckholts, Milam County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
76518	$17,980	$63,002	$146,790	$366,980	$670,511

Source: Ownwell

Property Tax Bills Across Buckholts, Milam County, Texas

In Buckholts, located in Milam County, TX, property tax bills are calculated based on the assessed value of a home. This value is determined by the local appraisal district and reflects the market value of the property. The local tax rate is then applied to this assessed value to determine the annual tax bill. With a median home price of $146,790, homeowners in Buckholts can see varying tax bills. For instance, the 25th percentile tax bill is $600, while at the 75th percentile, it rises to $2,885. The national median property tax bill stands at $2,400, highlighting the range of tax burdens in Buckholts.

Homeowners can face a significant financial impact due to these tax bills. Ownwell offers property tax appeal services to help homeowners reduce their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell can assist in lowering the assessed value, potentially leading to substantial savings on property tax bills. This service can be particularly beneficial for those facing higher tax bills in Buckholts.

Property Tax Bills Across Buckholts, Milam County, Texas

Source: Ownwell

$677

$2,075

$3,473

Median Buckholts Tax Bill

$1,386

Median Milam County Tax Bill

$1,812

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Buckholts, Milam County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
76518	$217	$600	$1,386	$2,885	$4,468

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
Milam Appraisal District
Website	esearch.milamad.org