Blossom, Texas Property Taxes
The median property tax rate in Blossom, TX is 1.42%, 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 $276,322 in Blossom, the typical annual property tax bill amounts to $2,505, slightly below the national median of $2,690. Property taxes in Blossom are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Blossom'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 Blossom 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
Blossom, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$3,924
$3,641
Ownwell’s Blossom Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blossom with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blossom 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 Blossom, Texas
Property taxes in Blossom, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blossom is 1.42%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Blossom set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blossom 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 Blossom's effective property tax rate to other counties in Texas and the national median. For comparison, the 75416 zip code has the highest median property tax rate of 1.42%, while the same 75416 zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Blossom provides valuable insights into the varying tax landscape across Red River County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blossom Tax Rate
1.42%
Average Red River County Tax Rate
1.66%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blossom, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75416 | 0.75% | 1.00% | 1.42% | 1.59% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Blossom, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Blossom, Texas. 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 Red River 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 Blossom, 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 Blossom is $276,322, with tax bills ranging from $2,416 at the 25th percentile to $4,370 at the 90th percentile. Being aware of these valuation processes in Blossom helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Blossom Assessed Value
$276,322
Average Red River County Assessed Value
$92,290
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blossom, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75416 | $186,324 | $220,073 | $276,322 | $352,848 | $398,764 |
Source: Ownwell
Property Tax Bills Across Blossom, Texas
In Blossom, located in Red River County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value of the property, which is determined by the local appraisal district. Various factors such as property size, location, and improvements can influence this valuation. The median home price in Blossom is $276,322, resulting in a range of tax bills. For instance, the 25th percentile tax bill is $2,416, while the 75th percentile reaches $3,670, and the 90th percentile goes up to $4,370. Comparatively, these figures highlight a significant range within the community, reflecting the diversity in property values and types. Homeowners in Blossom should be aware that these tax bills can significantly impact their annual expenses. With the national median property tax rate at 0.99%, understanding how local assessments and tax rates compare can help homeowners better plan for their financial obligations.
Average Blossom Tax Bill
$2,505
Average Red River County Tax Bill
$1,273
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Blossom, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75416 | $2,363 | $2,416 | $2,505 | $3,670 | $4,370 |
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 |