Benbrook, Texas Property Taxes
The median property tax rate in Benbrook, TX is 1.74%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Benbrook at $286,828, the typical annual property tax bill reaches $4,669, surpassing the national median of $2,690. Property taxes in Benbrook 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 Benbrook'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 Benbrook 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
Benbrook, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Benbrook, Texas Tax Savings
Ownwell’s Benbrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Benbrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Benbrook to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Benbrook. 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 Benbrook, Texas
Property taxes in Benbrook, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Benbrook is 1.74%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Benbrook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Benbrook 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 Benbrook's effective property tax rate to other counties in Texas and the national median. For comparison, the 76109 zip code has the highest median property tax rate of 2.02%, while the 76132 zip code has the lowest median tax rate of 1.66%. Understanding how these cities compare with Benbrook provides valuable insights into the varying tax landscape across Tarrant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Benbrook Tax Rate
1.74%
Average Tarrant County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Benbrook, Texas
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
76109 | 1.47% | 1.77% | 2.02% | 2.02% | 2.12% |
76116 | 0.81% | 1.15% | 1.75% | 1.97% | 2.19% |
76126 | 0.79% | 1.22% | 1.73% | 1.95% | 2.17% |
76132 | 1.00% | 1.25% | 1.66% | 1.84% | 2.02% |
Source: Ownwell
$1,148
Average Benbrook Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Benbrook, Texas
In Benbrook, 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 Tarrant 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 Benbrook, 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 example, the median home price in Benbrook is $286,828, with tax bills ranging from $3,143 at the 25th percentile to $7,820 at the 90th percentile. The highest median tax bill is $7,706 in the 76132 zip code, while the lowest is $4,068 in the 76109 zip code. By understanding 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 Benbrook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Benbrook Assessed Value
$286,828
Average Tarrant County Assessed Value
$306,713
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Benbrook, Texas
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
76109 | $191,885 | $201,489 | $201,489 | $221,291 | $221,291 |
76116 | $159,962 | $206,868 | $273,192 | $346,204 | $415,014 |
76126 | $174,984 | $238,458 | $285,000 | $343,387 | $408,202 |
76132 | $368,200 | $415,000 | $480,309 | $569,301 | $691,572 |
Source: Ownwell
$1,148
Average Benbrook Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Benbrook, Texas
In Benbrook, Tarrant County, TX, property tax bills are calculated based on the assessed value of a home, not its market value. The local tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Benbrook face a range of tax bills, with the 25th percentile at $3,143 and the 75th percentile at $6,125. For comparison, the national median property tax rate is 0.99%. High property taxes can significantly impact homeowners, making it crucial to seek ways to reduce these bills. Ownwell offers expert property tax appeal and exemption services, helping homeowners challenge their assessments to potentially lower their tax burdens. By leveraging local market data and professional expertise, Ownwell can identify discrepancies in assessed values and file appeals on behalf of homeowners, ensuring they pay only their fair share. This service can lead to substantial savings, providing financial relief and peace of mind.
Average Benbrook Tax Bill
$4,669
Average Tarrant County Tax Bill
$5,114
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Benbrook, Texas
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
76109 | $3,023 | $3,537 | $4,068 | $4,246 | $4,470 |
76116 | $1,813 | $2,742 | $4,248 | $6,003 | $7,501 |
76126 | $1,857 | $3,139 | $4,643 | $5,939 | $7,479 |
76132 | $4,424 | $5,566 | $7,706 | $9,522 | $11,539 |
Source: Ownwell
$1,148
Average Benbrook Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
---|---|
Appeal Deadline | May 24 |
Tax Bill | |
Issued | October 1 |
Due Date #1 | November 30 |
Due Date #2 | June 30 |
Links | |
---|---|
Tarrant Appraisal District | |
Phone | (817) 284-0024 |
Website | www.tad.org |
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