Brashear, Texas Property Taxes
The median property tax rate in Brashear, TX is 1.21%, notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Brashear at $219,802, the typical annual property tax bill reaches $3,007, surpassing the national median of $2,690. Property taxes in Brashear are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brashear'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 Brashear 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
Brashear, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Brashear Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brashear with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brashear 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 Brashear, Texas
Property taxes in Brashear, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brashear is 1.21%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Brashear set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brashear 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 Brashear's effective property tax rate to other counties in Texas and the national median. For comparison, the 75420 zip code has the highest median property tax rate of 1.21%, while the same 75420 zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Brashear provides valuable insights into the varying tax landscape across Rains County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brashear Tax Rate
1.21%
Average Rains County Tax Rate
1.71%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brashear, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75420 | 0.44% | 0.85% | 1.21% | 1.58% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Brashear, Texas
In Brashear, 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 Rains 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 Brashear, 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 Brashear helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Brashear is $3,007 in the 75420 zip code, while the lowest median tax bill is also $3,007 in the same zip code.
Average Brashear Assessed Value
$219,802
Average Rains County Assessed Value
$62,105
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brashear, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75420 | $73,374 | $150,051 | $219,802 | $599,501 | $990,789 |
Source: Ownwell
Property Tax Bills Across Brashear, Texas
In Brashear, located in Rains County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Brashear is $219,802, which serves as a baseline for determining property taxes. Local tax authorities assess the property value and apply the relevant tax rate to calculate the bill. For homeowners, the tax bill can vary significantly. At the 25th percentile, homeowners might pay around $1,133, while those at the 75th percentile could see bills as high as $4,929. The 90th percentile faces even steeper costs, with tax bills reaching up to $11,834. These variations are influenced by factors such as property size, improvements, and market conditions. The highest and lowest median tax bills in the area, both reported at $3,007, offer a glimpse into the range of financial obligations homeowners might encounter. Compared to the national median property tax rate of 0.99%, Brashear's tax rates can have a substantial impact on household budgets, underscoring the importance of understanding local property tax dynamics.
Average Brashear Tax Bill
$3,007
Average Rains County Tax Bill
$1,103
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Brashear, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75420 | $435 | $1,133 | $3,007 | $4,929 | $11,834 |
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 | |
|---|---|
| Rains Appraisal District | |
| Website | esearch.rainscad.org |