Bluff Dale, Texas Property Taxes
The median property tax rate in Bluff Dale, TX is 0.42%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Bluff Dale at $845,200, the typical annual property tax bill reaches $4,020, surpassing the national median of $2,690. Property taxes in Bluff Dale are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bluff Dale'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 Bluff Dale 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
Bluff Dale, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$3,550
$3,294
Ownwell’s Bluff Dale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bluff Dale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bluff Dale 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 Bluff Dale, Texas
Property taxes in Bluff Dale, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bluff Dale is 0.42%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bluff Dale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bluff Dale 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 Bluff Dale's effective property tax rate to other counties in Texas and the national median. For comparison, the 76433 zip code has the highest median property tax rate of 0.42%, while the same zip code also has the lowest median tax rate of 0.42%. Understanding how these cities compare with Bluff Dale provides valuable insights into the varying tax landscape across Somervell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bluff Dale Tax Rate
0.42%
Average Somervell County Tax Rate
1.34%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bluff Dale, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76433 | 0.15% | 0.23% | 0.42% | 0.77% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Bluff Dale, Texas
In Bluff Dale, 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 Somervell 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 Bluff Dale, 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 in Bluff Dale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 76433 has the highest and lowest median tax bill, both at $4,020.
Average Bluff Dale Assessed Value
$845,200
Average Somervell County Assessed Value
$301,475
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bluff Dale, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76433 | $384,772 | $644,665 | $845,200 | $1,462,235 | $1,845,230 |
Source: Ownwell
Property Tax Bills Across Bluff Dale, Texas
In Bluff Dale, property tax bills are calculated based on the assessed value of a home and the local tax rate set by the county. The assessed value is determined by the county assessor, who evaluates the property's market value. Once the market value is established, the local tax rate is applied to calculate the annual tax bill. For instance, with a median home price of $845,200, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors such as property improvements, location, and market conditions play a significant role in determining the assessed value. Homeowners in Bluff Dale typically see tax bills ranging from $2,716 at the 25th percentile to $7,274 at the 90th percentile. This range highlights the variability in tax burdens based on property values and specific circumstances. Compared to the national median property tax rate of 0.99%, the tax rates in Bluff Dale reflect local economic conditions and funding needs for public services, impacting homeowners' annual financial obligations.
Average Bluff Dale Tax Bill
$4,020
Average Somervell County Tax Bill
$3,715
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bluff Dale, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76433 | $1,395 | $2,716 | $4,020 | $5,269 | $7,274 |
Source: Ownwell