Burlington, Texas Property Taxes
The median property tax rate in Burlington, TX is 1.24%, 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 $84,220 in Burlington, the typical annual property tax bill amounts to $1,009, falling below the national median of $2,690. Property taxes in Burlington are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Burlington'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 Burlington or another part of Milam County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burlington, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$1,044
$969
Ownwell’s Burlington Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Burlington with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Burlington to provide an estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities. For those interested in more detailed insights, localized information on neighborhood trends is available below. Your property’s assessed value is determined by Milam County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Burlington, Texas
Property taxes in Burlington, Texas, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Burlington is 1.24%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Burlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burlington 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 Burlington's effective property tax rate to other counties in Texas and the national median. For comparison, the 76519 zip code has the highest median property tax rate of 1.24%, while the 76519 zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Burlington provides valuable insights into the varying tax landscape across Milam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burlington Tax Rate
1.24%
Average Milam County Tax Rate
1.45%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burlington, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76519 | 0.31% | 0.76% | 1.24% | 1.63% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Burlington, Texas
In Burlington, 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 Milam 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 Burlington, 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 Burlington is $84,220, with tax bills ranging from $443 at the 25th percentile to $3,602 at the 90th percentile. The highest and lowest median tax bill, both at $1,009, are found in the 76519 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 Burlington Assessed Value
$84,220
Average Milam County Assessed Value
$146,970
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burlington, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76519 | $9,824 | $45,600 | $84,220 | $198,120 | $784,180 |
Source: Ownwell
Property Tax Bills Across Burlington, Texas
In Burlington, TX, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the property tax rate set by the local government to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements or renovations made. Homeowners in Burlington can expect a range of property tax bills. For instance, the 25th percentile tax bill is around $443, while the 75th percentile tax bill can be as high as $2,059. At the 90th percentile, tax bills can reach up to $3,602. These figures highlight the variability in tax burdens depending on property values and other factors. Compared to the national median property tax rate of 0.99%, Burlington's property tax bills reflect the local economic conditions and property values, impacting homeowners' annual financial planning and budgeting.
Average Burlington Tax Bill
$1,009
Average Milam County Tax Bill
$1,812
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Burlington, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76519 | $156 | $443 | $1,009 | $2,059 | $3,602 |
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 |