Baird, Texas Property Taxes
The median property tax rate in Baird, TX is 0.60%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $1,033,568 in Baird, the typical annual property tax bill amounts to $5,138, which is notably higher than the national median of $2,690. Property taxes in Baird 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 Baird's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're located in the heart of Baird or another part of Shackelford County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Baird, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$6,201
$5,738
Ownwell’s Baird Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Baird with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Baird 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 Baird, Texas
Property taxes in Baird, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baird is 0.60%, which is lower than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Baird set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baird 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 Baird's effective property tax rate to other counties in Texas and the national median. For comparison, the 79504 zip code has both the highest and lowest median property tax rate of 0.60%, highlighting the uniformity in tax rates within Shackelford County. Understanding how Baird compares with other areas provides valuable insights into the varying tax landscape across Shackelford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baird Tax Rate
0.60%
Average Shackelford County Tax Rate
1.95%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baird, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79504 | 0.31% | 0.42% | 0.60% | 0.77% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Baird, Texas
In Baird, 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 Shackelford 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 Baird, 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. For instance, the highest median tax bill in Baird is $5138, found in the 79504 zip code. 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 in Baird helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Baird Assessed Value
$1,033,568
Average Shackelford County Assessed Value
$78,175
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baird, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79504 | $803,022 | $889,476 | $1,033,568 | $1,177,659 | $1,264,114 |
Source: Ownwell
Property Tax Bills Across Baird, Texas
In Baird, property tax bills are calculated based on the assessed value of a home, which differs from its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the home's assessed value, the local tax rate, and any applicable exemptions or deductions. For example, the median home price in Baird is $1,033,568, resulting in a wide range of tax bills. Homeowners in the 25th percentile pay around $4,176, while those in the 75th percentile face bills closer to $6,101. The highest median tax bill in the area is $5,138, which is significant compared to the national median property tax rate of 0.99%. These property taxes fund essential services like schools, public safety, and infrastructure, directly impacting the community. Homeowners must stay informed about their property's assessed value and any potential exemptions to manage their tax liabilities effectively.
Average Baird Tax Bill
$5,138
Average Shackelford County Tax Bill
$1,360
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Baird, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79504 | $3,598 | $4,176 | $5,138 | $6,101 | $6,679 |
Source: Ownwell