Barksdale, Texas Property Taxes
The median property tax rate in Barksdale, TX is 1.32%, 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 $134,541, the typical annual property tax bill in Barksdale is $1,297, falling below the national median of $2,690. Property taxes in Barksdale are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural use. Understanding Barksdale'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 Barksdale 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
Barksdale, 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 Barksdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barksdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barksdale 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 Barksdale, Texas
Property taxes in Barksdale, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barksdale is 1.32%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Barksdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barksdale 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 Barksdale's effective property tax rate to other counties in Texas and the national median. For comparison, the 78828 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Barksdale provides valuable insights into the varying tax landscape across Real County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barksdale Tax Rate
1.32%
Average Real County Tax Rate
1.50%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barksdale, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78828 | 0.47% | 0.91% | 1.32% | 1.43% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Barksdale, Texas
In Barksdale, 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 Real 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 Barksdale, 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. The median home price in Barksdale is $134,541, with the 25th percentile tax bill at $570 and the 75th percentile tax bill at $2,123. Notably, the zip code 78828 has both the highest and lowest median tax bill at $1,297. Being aware of these valuation processes in Barksdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Barksdale Assessed Value
$134,541
Average Real County Assessed Value
$92,626
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barksdale, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78828 | $23,055 | $56,132 | $134,541 | $251,352 | $1,082,011 |
Source: Ownwell
Property Tax Bills Across Barksdale, Texas
In Barksdale, Real 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 Barksdale is $134,541, and the assessed value typically reflects this market value. Homeowners can expect varying tax bills depending on the assessed value and applicable exemptions. The tax bill at the 25th percentile is around $570, while at the 75th percentile, it rises to $2,123. For those in the 90th percentile, tax bills can reach up to $3,574. Factors influencing the tax bill include the property's assessed value, local tax rates, and any exemptions for which the homeowner qualifies. Compared to the national median property tax rate of 0.99%, Barksdale's tax rates can result in diverse tax bills. This variability significantly impacts homeowners, as higher property values or fewer exemptions lead to higher tax obligations. Understanding these factors can help homeowners anticipate their property tax liabilities and manage their finances accordingly.
Average Barksdale Tax Bill
$1,297
Average Real County Tax Bill
$1,248
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Barksdale, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78828 | $329 | $570 | $1,297 | $2,123 | $3,574 |
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 | |
|---|---|
| Real Appraisal District | |
| Website | esearch.realcad.org |