Example of Bowie County Property Tax Calculation
In Bowie County, the property tax is calculated by multiplying the assessed property value by the tax rate. For example, if a property is assessed at $100,000 and the tax rate is 1%, the property tax would be $1,000. The assessed property value is determined by the Bowie County Appraisal District based on the market value of the property. Once the assessed value is established, the tax rate is set by the Bowie County Commissioners Court. This tax revenue is used to fund various local services, such as schools, law enforcement, and public works projects. Property owners in Bowie County receive a tax bill annually and have the option of paying it in full or in installments throughout the year.
If you want appeal your property tax assessment - contact your local tax assessor.
Bowie County Property Tax Rates
Bowie County Property Tax Rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.5375 |
| City of Texarkana | $0.725 |
| Redwater ISD | $1.215 |
| Maud ISD | $1.225 |
| New Boston ISD | $1.28 |
| DeKalb ISD | $1.295 |
| Liberty-Eylau ISD | $1.445 |
| Hooks ISD | $1.495 |
| Simms ISD | $1.495 |
| Texarkana College | $0.1395 |
| Northeast Texas Community College | $0.1185 |
Note: These rates are subject to change and may vary depending on the specific location within Bowie County.
Who sets property tax rates in Bowie County ?
In Bowie County, property tax rates are set by a combination of entities including the Bowie County Commissioners Court, local school districts, and municipalities. The rates are typically set annually, with the exact timing varying based on the entity. The rates are based on the appraised value of the property and are used to fund various public services and infrastructure projects in the area. Here is a breakdown of the entities involved in setting property tax rates in Bowie County:
| Entity | Role in Setting Property Tax Rates |
|---|---|
| Bowie County Commissioners Court | Sets the tax rates for the county portion of property taxes, which funds services such as law enforcement, road maintenance, and the county hospital district. |
| Local School Districts | Set their own tax rates to fund public education in the area. |
| Municipalities | Set their own tax rates to fund local public services, such as police and fire departments, parks and recreation, and road maintenance. |
Overall, property tax rates in Bowie County are determined by a mix of local and state laws, as well as input from elected officials and community members. It is important for property owners to stay informed about changes in tax rates and to understand how their tax dollars are being used to support their community.
Homestead exemptions in Bowie County ?
In Bowie County, Texas, there are various Homestead exemptions and deductions available for homeowners. Here is a breakdown of the exemptions, eligibility requirements, and amounts for each:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead | Primary residence | Up to $25,000 | Must own property on January 1st |
| Over 65 or Disabled | Primary residence, over 65 or disabled | Additional $10,000 | Must provide proof of age or disability |
| Disabled Veterans | Veterans with service-related disability of at least 10% | Up to 100% exemption | Must provide proof of disability and honorable discharge |
| Surviving Spouses | Surviving spouse of a disabled veteran | Up to 100% exemption | Must provide proof of spouse's death and disability |
| Agricultural Land | Property used for agriculture | Up to 75% exemption | Must meet certain size and income requirements |
| Timberland | Property used for growing timber | Up to 75% exemption | Must meet certain size and income requirements |
It's important to note that these exemptions and deductions may not be combined, and some may have additional qualifications or limitations. Homeowners in Bowie County should consult with their local tax assessor's office to determine their eligibility and to apply for these exemptions.
When is Bowie County Property Tax due ?
Bowie County Property Tax Due Date and Payment Methods
Bowie County residents must pay their property taxes by January 31st of the following year. However, if the due date falls on a weekend or holiday, the payment is due on the next business day.
To pay property taxes, Bowie County offers several convenient payment methods, including:
- Online Payment: You can pay your taxes online at the Bowie County Tax Office website using a credit or debit card. You may also pay by e-check.
- Mail: You can mail your payment to the Bowie County Tax Office at P.O. Box 211, New Boston, TX 75570. Be sure to include your tax statement stub with your payment.
- In-Person: You can pay your taxes in person at the Bowie County Tax Office located at 710 James Bowie Drive, New Boston, TX 75570. The office is open Monday through Friday from 8:00 a.m. to 4:30 p.m.
Late payments are subject to penalties and interest, so it's important to make your payment on time. If you have any questions or concerns, you can contact the Bowie County Tax Office at (903) 628-6812.
If you have more questions - contact your local tax collector.
How is Bowie County Property Tax penalty calculated ?
Bowie County Property Tax Penalty Calculation
Bowie County charges property tax on real estate and personal property within their jurisdiction. The property tax is calculated based on the assessed value of the property and is due annually by January 31st. If the taxpayer fails to pay the property tax on time, a penalty and interest are levied on the outstanding balance.
Penalty Calculation:
- The penalty is calculated based on the number of months the property tax remains unpaid after the due date.
- The penalty rate is 6% of the unpaid tax for the first month and an additional 1% for each month thereafter until the tax is paid in full.
- The maximum penalty charged cannot exceed 12% of the unpaid tax.
For example, if a taxpayer in Bowie County owes $5,000 in property tax and fails to pay by the due date, and they pay the tax on March 31st of the same year, the penalty calculation would be as follows:
- Penalty for February (1 month) = $300 (6% of $5,000)
- Penalty for March (2 months) = $350 (7% of $5,000)
- Total penalty = $650 (13% of $5,000)
In addition to the penalty, interest is charged on the unpaid balance beginning on February 1st until the tax is paid in full. The interest rate is currently set at 1% per month.
It is important for taxpayers in Bowie County to pay their property tax on time to avoid incurring penalties and interest charges. Failure to pay property tax can also result in the county placing a tax lien on the property, which can negatively impact the owner's credit score and ability to sell the property in the future.
We recommend contacting the Bowie County Tax Office or a local tax professional for the most up-to-date and accurate information.