Breckenridge, Stephens County, Texas Property Taxes
Median Breckenridge, TX effective property tax rate: 1.72%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Breckenridge, TX home value: $94,730
Median annual Breckenridge, TX tax bill: $1,513, $887 lower than the national median property tax bill of $2,400.
How are property taxes in Stephens County calculated?
Property taxes in Breckenridge, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Breckenridge’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Breckenridge, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Breckenridge, Stephens County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.72%
Estimate Property Tax Bill
$1,629
$1,512
Property Tax Rates Across Breckenridge, Stephens County, Texas
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Breckenridge’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Breckenridge, located in Stephens County, has an effective property tax rate of 1.72%, which is higher than the national median of 1.02%. This rate also reflects the highest and lowest median tax rates within the county, indicating a consistent tax rate across the area. In comparison, the median property tax bill in Breckenridge is higher than the national median of $2,400. This comparison highlights the variability of property tax rates within Texas and underscores the importance of understanding local tax structures for property owners.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Breckenridge Tax Rate
1.72%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Stephens County Tax Rate
1.63%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
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
When examining property taxes in Breckenridge, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Stephens County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Stephens County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Breckenridge.
For example, the median home price in Breckenridge is $94,730, with tax bills ranging significantly across the county. Zip code 76424 has the highest median home price at $94,730.
Property Tax Assessment Values Across Breckenridge, Stephens County, Texas
Source: Ownwell
$94,730
$182,330
$269,930
Median Breckenridge Market Value
$94,730
Median Stephens County Market Value
$101,665
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
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 determined by assessing the market value of a property and applying the local tax rate. With a median home price of $94,730, homeowners in Breckenridge face a median property tax bill of $1,513. This is significantly lower than the national median property tax bill of $2,400. However, tax bills can vary widely, ranging from the 25th percentile at $727 to the 90th percentile at $4,504. Homeowners are affected by these assessments, as they directly influence their annual financial obligations.
For those looking to reduce their property tax burden, Ownwell offers expert consultation services. By analyzing property assessments and identifying potential discrepancies, Ownwell can help homeowners appeal their property tax assessments, potentially lowering their tax bills. This service is invaluable in ensuring that homeowners are not overpaying and are only taxed on what is fair and accurate. With Ownwell's assistance, homeowners can achieve significant savings on their property tax expenses.
Median Breckenridge Tax Bill
$1,513
Median Stephens County Tax Bill
$1,510
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
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