Bagwell, Red River County, Texas Property Taxes
Median Bagwell, TX effective property tax rate: 1.19%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Bagwell, TX home value: $123,326
Median annual Bagwell, TX tax bill: $1,287, $1,113 lower than the national median property tax bill of $2,400.
How are property taxes in Red River County calculated?
Property taxes in Bagwell, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Bagwell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bagwell, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bagwell, Red River County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.19%
Estimate Property Tax Bill
$1,468
$1,362
Property Tax Rates Across Bagwell, Red River County, Texas
Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Bagwell’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Bagwell, located in Red River County, reflects the diverse landscape of property tax rates within Texas. With a median property tax rate of 1.19%, Bagwell stands slightly above the national median of 1.02%. The property tax rate in Bagwell is consistent with the highest and lowest median tax rates in the region, both recorded at 1.19%. This indicates a stable tax environment in the area, providing a predictable landscape for property owners. Understanding these rates is crucial for property owners aiming to manage their tax liabilities effectively.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bagwell Tax Rate
1.19%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Red River County Tax Rate
1.66%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bagwell, Red River County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75412 | 0.38% | 0.70% | 1.19% | 1.75% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Bagwell, Red River County, Texas
When examining property taxes in Bagwell, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Red River County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Red River County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Bagwell. For example, the median home price in Bagwell is $123,326, with tax bills ranging significantly across the county. 75412 has the highest median home price at $123,326.
Property Tax Assessment Values Across Bagwell, Red River County, Texas
Source: Ownwell
$67,661
$123,480
$179,298
Median Bagwell Market Value
$123,326
Median Red River County Market Value
$92,290
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bagwell, Red River County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75412 | $13,178 | $47,513 | $123,326 | $243,840 | $403,544 |
Source: Ownwell
Property Tax Bills Across Bagwell, Red River County, Texas
Median Bagwell Tax Bill
$1,287
Median Red River County Tax Bill
$1,273
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Bagwell, Red River County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75412 | $171 | $524 | $1,287 | $2,238 | $3,673 |
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 | |
|---|---|
| Red River Appraisal District | |
| Website | rrcad.org |