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Buchanan Dam, Burnet County, Texas Property Taxes

  • Median Buchanan Dam, TX effective property tax rate: 1.44%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Buchanan Dam, TX home value: $404,261

  • Median annual Buchanan Dam, TX tax bill: $5,815, $3,415 higher than the national median property tax bill of $2,400.

How are property taxes in Burnet County calculated?

Property taxes in Buchanan Dam, 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 Buchanan Dam’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Buchanan Dam, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Buchanan Dam, Burnet County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.44%

Estimate Property Tax Bill

$5,821

$5,402

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Buchanan Dam Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Buchanan Dam with just two data points. By entering your property's estimated assessed value, our calculator applies Buchanan Dam’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Burnet County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Buchanan Dam, Burnet County, Texas

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting 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. In Buchanan Dam, located in Burnet County, Texas, the effective property tax rate is a reflection of this process. When comparing Buchanan Dam's effective property tax rate to other cities in Texas, it is important to consider both the median property tax rates in Texas and the U.S. While the national median property tax rate is 1.02%, Buchanan Dam's rate is influenced by local budgetary needs and property values. Understanding these differences can help property owners make informed decisions about their property investments and potential tax liabilities.

Property Tax Rates Across Buchanan Dam, Burnet County, Texas

Source: Ownwell

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0.81%

1.16%

1.51%

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 Buchanan Dam Tax Rate

1.44%

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 Burnet County Tax Rate

1.20%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Buchanan Dam, Burnet County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
78609N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Buchanan Dam, Burnet County, Texas

When examining property taxes in Buchanan Dam, 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 Burnet 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 Burnet 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 Buchanan Dam. For example, the median home price in Buchanan Dam is $404,261, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Buchanan Dam, Burnet County, Texas

Source: Ownwell

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$234,087

$516,165

$798,243

Median Buchanan Dam Market Value

$404,261

Median Burnet County Market Value

$355,573

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Buchanan Dam, Burnet County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
78609N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Buchanan Dam, Burnet County, Texas

In Buchanan Dam, located in Burnet County, TX, property tax bills are calculated based on the assessed value of the home, which is determined by the county appraisal district. The median home price in this area is $404,261. Homeowners in Buchanan Dam face a median property tax bill significantly higher than the national median, with the 25th, 75th, and 90th percentiles all at $5,815. This is well above the national median property tax bill of $2,400. The tax rate applied to the assessed value is influenced by local government budgets and funding needs for public services such as schools and infrastructure. Homeowners may find these high tax bills burdensome, especially if property values increase.

Ownwell can assist homeowners in Buchanan Dam by offering property tax appeal services to potentially lower their assessed values, thereby reducing their tax bills. Our team of experts analyzes property data and identifies discrepancies in assessments, providing a strong case for appeals. By partnering with Ownwell, homeowners can achieve significant savings on their property tax bills, ensuring they only pay what is fair and accurate.

Property Tax Bills Across Buchanan Dam, Burnet County, Texas

Source: Ownwell

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$1,330

$5,085

$8,839

Median Buchanan Dam Tax Bill

$5,815

Median Burnet County Tax Bill

$4,017

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Buchanan Dam, Burnet County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
78609N/AN/AN/AN/AN/A

Source: Ownwell

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