Bend, Texas Property Taxes
The median property tax rate in Bend, TX is 0.99%, which aligns with the national median but is notably lower than the Texas state median of 1.67%. With a median home value of $509,880 in Bend, the typical annual property tax bill reaches $4,837, significantly surpassing the national median of $2,690. Property taxes in Bend 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 Bend's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bend or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bend, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$5,048
$4,684
Ownwell’s Bend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bend 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 Bend, Texas
Property taxes in Bend, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bend is 1.89%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bend 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 Bend's effective property tax rate to other counties in Texas and the national median. For comparison, the 76824 zip code has the highest median property tax rate of 2.47%, while the 76824 zip code has the lowest median tax rate of 1.25%. Understanding how these cities compare with Bend provides valuable insights into the varying tax landscape across San Saba, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bend Tax Rate
0.99%
Average San Saba County Tax Rate
1.26%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bend, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76824 | 0.94% | 0.96% | 0.99% | 1.01% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Bend, Texas
In Bend, 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 Saba 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 Bend, 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. For example, in the 76824 zip code, the median tax bill is $4,837. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bend Assessed Value
$509,880
Average San Saba County Assessed Value
$107,950
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bend, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76824 | $239,488 | $340,885 | $509,880 | $678,875 | $780,272 |
Source: Ownwell
Property Tax Bills Across Bend, Texas
In Bend, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Bend is $509,880, and property tax rates are applied to this assessed value to determine the tax bill. Factors that influence the assessed value include the home's market value, location, and any improvements made to the property. Homeowners in Bend can expect varying tax bills depending on their property's assessed value. For example, the tax bill at the 25th percentile is $3,315, while at the 75th percentile, it rises to $6,360. The highest tax bills, at the 90th percentile, reach up to $7,274. These figures highlight the range of property tax obligations in the area, which can significantly impact a homeowner's annual expenses. Compared to the national median property tax rate of 0.99%, Bend's property tax rates result in substantial annual tax bills, reflecting the higher property values in the area. This can affect homeowners' budgeting and financial planning, making it essential to understand these factors when purchasing or maintaining a home in Bend.
Average Bend Tax Bill
$4,837
Average San Saba County Tax Bill
$1,273
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bend, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76824 | $2,401 | $3,315 | $4,837 | $6,360 | $7,274 |
Source: Ownwell