Bogata, Texas Property Taxes
The median property tax rate in Bogata, TX is 1.65%, which is notably higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With a median home value of $108,872 in Bogata, the typical annual property tax bill amounts to $1,514, lower than the national median of $2,690. Property taxes in Bogata are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bogata'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 Bogata or another part of Red River County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bogata, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$1,796
$1,662
Ownwell’s Bogata Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Bogata with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Bogata to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more granular insights, you can explore neighborhood-level trends by scrolling down for localized information. Your property’s assessed value is determined by the county for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Bogata, Texas
Property taxes in Bogata, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bogata is 1.65%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bogata set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bogata 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 Bogata's effective property tax rate to other counties in Texas and the national median. For comparison, the 75417 zip code has the highest median property tax rate of 1.65%, while the same zip code also has the lowest median tax rate of 1.65%. Understanding how these cities compare with Bogata 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 Bogata Tax Rate
1.65%
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 Bogata, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75417 | 0.66% | 1.11% | 1.65% | 2.30% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Bogata, Texas
In Bogata, 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 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. 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. In Bogata, the median home price is $108,872, with tax bills ranging from $625 at the 25th percentile to $4,221 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bogata Assessed Value
$108,872
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 Bogata, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75417 | $11,171 | $45,725 | $108,872 | $212,107 | $355,663 |
Source: Ownwell
Property Tax Bills Across Bogata, Texas
Property tax bills in Bogata, Red River County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. In Bogata, the median home price is $108,872. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For instance, the tax bill for the 25th percentile is $625, while the 75th percentile sees a tax bill of $2,775. The 90th percentile reaches up to $4,221, highlighting the variability depending on property characteristics. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and public safety. Compared to the national median property tax rate of 0.99%, homeowners in Bogata experience a range of tax bills that reflect the diverse property values and local tax policies in Red River County.
Average Bogata Tax Bill
$1,514
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 Bogata, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75417 | $161 | $625 | $1,514 | $2,775 | $4,221 |
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 |