Barry, Texas Property Taxes
The median property tax rate in Barry, TX is 0.74%, which is significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Barry at $176,560, the typical annual property tax bill is $1,126, falling well below the national median of $2,690. Property taxes in Barry are calculated based on the tax assessed value, which often comes in lower than the market value thanks to various exemptions like primary residence and agricultural exemptions. Understanding Barry's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Barry or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Barry, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$1,307
$1,212
Ownwell’s Barry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barry 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 Barry, Texas
Property taxes in Barry, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barry is 1.28%, higher than both the Texas state median of 1.6% and the U.S. national median of 0.99%. Local government entities within Barry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barry 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 Barry's effective property tax rate to other counties in Texas and the national median. For comparison, the 75102 zip code has the highest median property tax rate of 1.28%, while the 75102 zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Barry provides valuable insights into the varying tax landscape across Navarro County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barry Tax Rate
0.74%
Average Navarro County Tax Rate
1.05%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barry, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75102 | 0.17% | 0.40% | 0.74% | 1.10% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Barry, Texas
In Barry, 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 Navarro 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 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. In Barry, the median home price is $176,560, with tax bills ranging from $466 at the 25th percentile to $3,244 at the 90th percentile. The zip code with the highest and lowest median tax bill is 75102, both at $1,126. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Barry Assessed Value
$176,560
Average Navarro County Assessed Value
$152,655
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barry, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75102 | $48,438 | $99,470 | $176,560 | $295,185 | $451,503 |
Source: Ownwell
Property Tax Bills Across Barry, Texas
In Barry, located in Navarro County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $176,560, homeowners can expect varying tax bills depending on the assessed value and applicable exemptions. Factors such as property size, location, and improvements play a significant role in determining the assessed value. The tax bill in Barry can range significantly, with the 25th percentile at $466 and the 75th percentile at $2072. Homeowners at the 90th percentile face a tax bill of $3244. Compared to the national median property tax rate of 0.99%, Barry's property taxes can be quite variable, impacting homeowners differently based on their property’s assessed value and the specific tax rate applied. This variability underscores the importance of understanding how local assessments and rates affect overall tax obligations.
Average Barry Tax Bill
$1,126
Average Navarro County Tax Bill
$1,415
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Barry, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75102 | $166 | $466 | $1,126 | $2,072 | $3,244 |
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 | |
|---|---|
| Navarro Appraisal District | |
| Website | esearch.navarrocad.com |