Balmorhea, Texas Property Taxes
The median property tax rate in Balmorhea, TX is 1.98%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Balmorhea, the typical annual property tax bill reaches $811, which is below the national median of $2,690. Property taxes in Balmorhea are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Balmorhea'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 Balmorhea or another part of Reeves County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Balmorhea, 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 Balmorhea Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Balmorhea with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Balmorhea 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 Balmorhea, Texas
Property taxes in Balmorhea, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Balmorhea is 1.98%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Balmorhea set these rates annually, and they can vary significantly across different neighborhoods. Each year, Balmorhea 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 Balmorhea's effective property tax rate to other counties in Texas and the national median. For comparison, the 79718 zip code has the highest median property tax rate of 1.98%, while the 79718 zip code has the lowest median tax rate of 1.98%. Understanding how these cities compare with Balmorhea provides valuable insights into the varying tax landscape across Reeves County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Balmorhea Tax Rate
1.98%
Average Reeves County Tax Rate
2.02%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Balmorhea, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79718 | 0.93% | 1.67% | 1.98% | 2.00% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Balmorhea, Texas
In Balmorhea, 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 Reeves 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. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Balmorhea, the median home price is $41,159, with tax bills ranging significantly. The 25th percentile tax bill is $360, while the 75th percentile tax bill is $1,416, and the 90th percentile tax bill reaches $2,469. The highest and lowest median tax bills are both $811 in the zip code 79718.
Average Balmorhea Assessed Value
$41,159
Average Reeves County Assessed Value
$66,998
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Balmorhea, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79718 | $11,902 | $20,209 | $41,159 | $72,738 | $131,693 |
Source: Ownwell
Property Tax Bills Across Balmorhea, Texas
In Balmorhea, TX, property tax bills are calculated based on the assessed value of a property and the local tax rate set by Reeves County. The assessed value is determined by the county appraisal district, which evaluates the market value of a property. Homeowners in Balmorhea can expect their tax bills to vary significantly, with the 25th percentile tax bill around $360 and the 75th percentile reaching approximately $1,416. The 90th percentile tax bill can go as high as $2,469. Comparatively, the highest median tax bill in the area is $811, which is considerably lower than the national median property tax rate of 0.99%. These variations are influenced by factors such as property size, location, and market conditions. For homeowners, understanding these factors is crucial as they directly impact the amount they owe annually. Efficient management of property taxes can lead to significant savings and a better understanding of one's financial obligations.
Average Balmorhea Tax Bill
$811
Average Reeves County Tax Bill
$1,283
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Balmorhea, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79718 | $235 | $360 | $811 | $1,416 | $2,469 |
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 | |
|---|---|
| Reeves Appraisal District | |
| Website | esearch.reevescad.org |