Broaddus, Texas Property Taxes
The median property tax rate in Broaddus, TX is 1.41%, 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 $74,105, the typical annual property tax bill in Broaddus amounts to $976, falling below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Broaddus'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 Broaddus 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
Broaddus, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$1,045
$970
Ownwell’s Broaddus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Broaddus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Broaddus 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 Broaddus, Texas
Property taxes in Broaddus, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Broaddus is 1.41%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Broaddus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Broaddus 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 Broaddus's effective property tax rate to other counties in Texas and the national median. For comparison, the 75929 zip code has the highest median property tax rate of 1.41%, while the 75929 zip code has the lowest median tax rate of 1.41%. Understanding how these cities compare with Broaddus provides valuable insights into the varying tax landscape across San Augustine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Broaddus Tax Rate
1.41%
Average San Augustine County Tax Rate
1.41%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Broaddus, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75929 | 1.07% | 1.41% | 1.41% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Broaddus, Texas
In Broaddus, 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 San Augustine 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 Broaddus, 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. The median home price in Broaddus is $74,105, with tax bills ranging from $429 at the 25th percentile to $2,773 at the 90th percentile. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Awareness of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Broaddus Assessed Value
$74,105
Average San Augustine County Assessed Value
$60,840
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Broaddus, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75929 | $12,845 | $33,998 | $74,105 | $129,495 | $203,150 |
Source: Ownwell
Property Tax Bills Across Broaddus, Texas
In Broaddus, located in San Augustine County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Broaddus is $74,105, which provides a baseline for these calculations. The local tax rate is applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, the 25th percentile tax bill is $429, while the 75th percentile tax bill is $1,726, showing a range based on different property values and exemptions. The 90th percentile tax bill can go up to $2,773, reflecting higher-valued properties or fewer exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Broaddus experience varied tax bills influenced by local assessments and rates. This variability can significantly impact homeowners, making it crucial for them to understand how these factors affect their annual tax obligations.
Average Broaddus Tax Bill
$976
Average San Augustine County Tax Bill
$792
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Broaddus, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75929 | $149 | $429 | $976 | $1,726 | $2,773 |
Source: Ownwell