Burkeville, Texas Property Taxes
The median property tax rate in Burkeville, TX is 0.75%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Burkeville at $95,873, the typical annual property tax bill reaches $470, significantly below the national median of $2,690. Property taxes in Burkeville 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 Burkeville'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 Burkeville 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
Burkeville, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$719
$665
Ownwell’s Burkeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burkeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burkeville 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 Burkeville, Texas
Property taxes in Burkeville, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burkeville is 1.02%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Burkeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burkeville 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 Burkeville's effective property tax rate to other counties in Texas and the national median. For comparison, the 75932 zip code has the highest median property tax rate of 1.02%, while the 75932 zip code has the lowest median tax rate of 1.02%. Understanding how these cities compare with Burkeville provides valuable insights into the varying tax landscape across Newton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burkeville Tax Rate
0.75%
Average Newton County Tax Rate
0.66%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burkeville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75932 | 0.15% | 0.43% | 0.75% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Burkeville, Texas
In Burkeville, 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 Newton 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 Burkeville, 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. Being aware of these valuation processes in Burkeville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 75932 at $470.00, which is also the lowest median tax bill in the region.
Average Burkeville Assessed Value
$95,873
Average Newton County Assessed Value
$54,464
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burkeville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75932 | $7,504 | $28,632 | $95,873 | $198,529 | $312,785 |
Source: Ownwell
Property Tax Bills Across Burkeville, Texas
In Burkeville, located in Newton County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is influenced by factors such as the property's market value, size, location, and any improvements made. Homeowners in Burkeville can expect a wide range of tax bills. For example, those in the 25th percentile pay around $124, while those in the 75th percentile face bills of approximately $1,114. The 90th percentile sees tax bills as high as $1,776. Comparatively, Burkeville's median home price stands at $95,873, which significantly impacts the overall tax burden. The highest and lowest median tax bills in the area both sit at $470, specifically in the 75932 zip code. Understanding these calculations helps homeowners anticipate their financial obligations and plan accordingly, ensuring they are prepared for their annual property tax bills.
Average Burkeville Tax Bill
$470
Average Newton County Tax Bill
$251
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Burkeville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75932 | $32 | $124 | $470 | $1,114 | $1,776 |
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 | |
|---|---|
| Newton Appraisal District | |
| Website | propaccess.trueautomation.com |