Breckenridge, Stephens County, Texas Property Taxes
The median property tax rate in Breckenridge, TX is 1.72%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Breckenridge, the typical annual property tax bill reaches $1,513, exceeding the national median of $2,690. Property taxes in Breckenridge 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 Breckenridge'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 Breckenridge 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
Breckenridge, Stephens County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$1,629
$1,512
Ownwell’s Breckenridge Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Breckenridge. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Breckenridge to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of your potential tax liabilities and helps you plan accordingly. For those interested in more detailed insights, including neighborhood-level trends, further information is available below. Your property’s assessed value is determined by Stephens County for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Breckenridge, Stephens County, Texas
Property taxes in Breckenridge, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Breckenridge is 1.72%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Breckenridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Breckenridge 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 Breckenridge's effective property tax rate to other counties in Texas and the national median. For comparison, the 76424 zip code has the highest median property tax rate of 1.72%, while the 76424 zip code has the lowest median tax rate of 1.72%. Understanding how these cities compare with Breckenridge provides valuable insights into the varying tax landscape across Stephens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Breckenridge Tax Rate
1.72%
Average Stephens County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Breckenridge, Stephens County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76424 | 0.74% | 1.35% | 1.72% | 2.68% | 2.68% |
Source: Ownwell
Property Tax Assessment Values Across Breckenridge, Stephens County, Texas
In Breckenridge, 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 Stephens 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 Breckenridge, 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 instance, in Breckenridge, the median home price is $94,730, with tax bills ranging from $727 in the 25th percentile to $4,504 in the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Breckenridge, Stephens County, Texas
Source: Ownwell
$94,730
$182,330
$269,930
Average Breckenridge Assessed Value
$94,730
Average Stephens County Assessed Value
$101,665
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Breckenridge, Stephens County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76424 | $16,524 | $44,850 | $94,730 | $175,930 | $308,110 |
Source: Ownwell
Property Tax Bills Across Breckenridge, Stephens County, Texas
In Breckenridge, located in Stephens County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of your property. Homeowners in Breckenridge can expect property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $727, while it climbs to $2,868 at the 75th percentile and reaches $4,504 at the 90th percentile. The median home price in Breckenridge is $94,730, and the local tax rate is applied to this assessed value to determine the tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Breckenridge may find their tax bills to be relatively moderate or high, depending on the assessed value of their property. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Breckenridge Tax Bill
$1,513
Average Stephens County Tax Bill
$1,510
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Breckenridge, Stephens County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76424 | $299 | $727 | $1,513 | $2,868 | $4,504 |
Source: Ownwell