Brownfield, Texas Property Taxes
The median property tax rate in Brownfield, TX is 2.43%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $43,905 in Brownfield, the typical annual property tax bill reaches $858, which is notably lower than the national median of $2,690. Property taxes in Brownfield are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Brownfield'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 Brownfield or another part of Terry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brownfield, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.43%
Estimate Property Tax Bill
$1,067
$990
Ownwell’s Brownfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brownfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brownfield 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 Brownfield, Texas
Property taxes in Brownfield, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brownfield is 2.43%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Brownfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brownfield 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 Brownfield's effective property tax rate to other counties in Texas and the national median. For comparison, the 79316 zip code has the highest median property tax rate of 2.43%, while the same zip code also has the lowest median tax rate of 2.43%. Understanding how these cities compare with Brownfield provides valuable insights into the varying tax landscape across Terry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brownfield Tax Rate
2.43%
Average Terry County Tax Rate
2.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brownfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79316 | 1.12% | 1.66% | 2.43% | 2.73% | 3.11% |
Source: Ownwell
Property Tax Assessment Values Across Brownfield, Texas
In Brownfield, 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 Terry 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 Brownfield, 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. The highest median tax bill in Brownfield is $858 in zip code 79316, while the lowest median tax bill is also $858 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brownfield Assessed Value
$43,905
Average Terry County Assessed Value
$43,944
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brownfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79316 | $3,250 | $9,998 | $43,905 | $121,514 | $183,025 |
Source: Ownwell
Property Tax Bills Across Brownfield, Texas
In Brownfield, located in Terry County, TX, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county appraisal district and is a percentage of the market value of the property. Various factors such as the property's location, size, and improvements can influence this assessed value. Once the assessed value is established, local tax rates are applied to calculate the tax bill. In Brownfield, the median home price stands at $43,905, which can result in varying tax bills. For instance, the 25th percentile tax bill is around $215, while the 75th percentile tax bill reaches $2,564. At the higher end, the 90th percentile tax bill can be as much as $3,948. These property taxes are essential for funding local services such as schools, public safety, and infrastructure. Homeowners in Brownfield need to be aware of these factors, as property taxes can significantly impact their annual expenses.
Average Brownfield Tax Bill
$858
Average Terry County Tax Bill
$844
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Brownfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79316 | $71 | $215 | $858 | $2,564 | $3,948 |
Source: Ownwell