Booker, Ochiltree County, Texas Property Taxes
The median property tax rate in Booker, TX is 1.14%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Booker, the typical annual property tax bill reaches $1,479, falling below the national median of $2,690. Property taxes in Booker 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 Booker'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 Booker 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
Booker, Ochiltree County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$1,749
$1,623
Ownwell’s Booker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Booker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Booker 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 Booker, Ochiltree County, Texas
Property taxes in Booker, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Booker is 1.14%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Booker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Booker 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 Booker's effective property tax rate to other counties in Texas and the national median. For comparison, the 79005 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Booker provides valuable insights into the varying tax landscape across Ochiltree County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Booker Tax Rate
1.14%
Average Ochiltree County Tax Rate
1.91%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Booker, Ochiltree County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79005 | 0.51% | 0.61% | 1.14% | 1.62% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Booker, Ochiltree County, Texas
In Booker, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Ochiltree 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 Booker, 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. The median home price in Booker is $153,399, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $431, while the 75th percentile tax bill is $3,073. The highest median tax bill in the area is $1,479, found in the 79005 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Booker, Ochiltree County, Texas
Source: Ownwell
$36,772
$95,086
$153,399
Average Booker Assessed Value
$153,399
Average Ochiltree County Assessed Value
$77,932
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Booker, Ochiltree County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79005 | $5,971 | $41,834 | $153,399 | $271,074 | $565,000 |
Source: Ownwell
Property Tax Bills Across Booker, Ochiltree County, Texas
In Booker, located in Ochiltree County, TX, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county's appraisal district, which evaluates the market value of homes. Homeowners in Booker can expect property tax rates to be influenced by various factors, including the local government's budget needs and any applicable exemptions. The median home price in Booker is $153,399, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $431, while the 75th percentile reaches $3,073. At the higher end, the 90th percentile tax bill is $5,123. Comparatively, the national median property tax rate is 0.99%, making Booker's tax rates relatively moderate. These property taxes are crucial for funding public services such as schools, emergency services, and infrastructure. Homeowners must budget for these annual expenses, as they directly impact the affordability and overall cost of owning property in Booker.
Average Booker Tax Bill
$1,479
Average Ochiltree County Tax Bill
$1,480
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Booker, Ochiltree County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79005 | $168 | $431 | $1,479 | $3,073 | $5,123 |
Source: Ownwell