Bloomington, Texas Property Taxes
The median property tax rate in Bloomington, TX is 1.29%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $58,210, the typical annual property tax bill in Bloomington reaches $654, which is significantly below the national median of $2,690. Property taxes in Bloomington 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 Bloomington'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 Bloomington or another part of Victoria County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bloomington, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$751
$697
Ownwell’s Bloomington Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bloomington with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Bloomington to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities, making financial planning easier. If you’re curious about trends in specific neighborhoods, you can scroll down for more localized information. Your property’s assessed value is determined by Victoria County for property tax calculations and includes any applicable exemptions, ensuring you get the most precise estimate possible.
Property Tax Rates Across Bloomington, Texas
Property taxes in Bloomington, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bloomington is 1.29%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bloomington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bloomington 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 Bloomington's effective property tax rate to other counties in Texas and the national median. For comparison, the 77951 zip code has the highest median property tax rate of 1.29%, while the 77951 zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Bloomington provides valuable insights into the varying tax landscape across Victoria County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bloomington Tax Rate
1.29%
Average Victoria County Tax Rate
1.42%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bloomington, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77951 | 0.35% | 0.58% | 1.29% | 1.80% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Bloomington, Texas
In Bloomington, 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 Victoria 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 Bloomington, 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, the zip code 77951 has the highest median tax bill in the area, standing at $654. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bloomington Assessed Value
$58,210
Average Victoria County Assessed Value
$175,870
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bloomington, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77951 | $6,165 | $18,172 | $58,210 | $116,668 | $172,117 |
Source: Ownwell
Property Tax Bills Across Bloomington, Texas
Property tax bills in Bloomington, Victoria County, TX, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is based on the market value of the home, which, in Bloomington, has a median home price of $58,210. Local government entities set the tax rate, which is applied to this assessed value to calculate the tax bill. Factors such as property improvements, neighborhood changes, and market conditions can affect the assessed value. For homeowners, the property tax bill can vary significantly. In Bloomington, the 25th percentile tax bill is $145, while the 75th percentile tax bill is $1,516, and the 90th percentile tax bill can reach up to $2,513. This variability means that homeowners with properties in different conditions or locations within the city can see a wide range of tax obligations. Comparing this to the national median property tax rate of 0.99%, Bloomington's property tax bills reflect the local economic conditions and property values, impacting homeowners' financial planning and community funding.
Average Bloomington Tax Bill
$654
Average Victoria County Tax Bill
$2,280
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bloomington, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77951 | $32 | $145 | $654 | $1,516 | $2,513 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Victoria Appraisal District | |
| Website | propaccess.trueautomation.com |