Valera, Texas Property Taxes
The median property tax rate in Valera, TX is 1.96%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Valera at $53,920, the typical annual property tax bill reaches $716, which is significantly lower than the national median of $2,690. Property taxes in Valera 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 Valera'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 Valera or another part of Coleman County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Valera, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Valera Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valera with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valera 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 Valera, Texas
Property taxes in Valera, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valera is 1.96%, higher than both the Texas state median of 1.90% and the U.S. national median of 0.99%. Local government entities within Valera set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valera 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 Valera's effective property tax rate to other counties in Texas and the national median. For comparison, the 76884 zip code has the highest median property tax rate of 1.96%, while the same zip code also has the lowest median tax rate of 1.96%. Understanding how these cities compare with Valera provides valuable insights into the varying tax landscape across Coleman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Valera Tax Rate
1.96%
Average Coleman County Tax Rate
2.45%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valera, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76884 | 0.53% | 0.74% | 1.96% | 1.96% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Valera, Texas
In Valera, 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 Coleman 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 Valera, 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 median home price in Valera is $53,920, with the 25th percentile tax bill at $340 and the 75th percentile tax bill at $1,115. The highest median tax bill in the area is $716, found in zip code 76884. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Valera Assessed Value
$53,920
Average Coleman County Assessed Value
$44,875
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Valera, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76884 | $5,345 | $22,412 | $53,920 | $96,968 | $311,430 |
Source: Ownwell
Property Tax Bills Across Valera, Texas
In Valera, property tax bills are calculated based on the assessed value of a home and the applicable tax rate set by local authorities in Coleman County. The assessed value is determined by the county appraisal district and typically reflects a percentage of the market value of the property. For instance, with a median home price of $53,920, homeowners can expect their property tax bill to vary significantly depending on the specific assessment and exemptions they qualify for. Factors influencing the property tax bill include the home's assessed value, local tax rates, and any exemptions or deductions the homeowner may be eligible for. In Valera, the tax bill at the 25th percentile is around $340, while it rises to $1,115 at the 75th percentile. The top 10% of property tax bills can reach up to $2,196. These variations underscore the importance of understanding local property tax regulations and seeking potential exemptions to mitigate the financial impact on homeowners.
Average Valera Tax Bill
$716
Average Coleman County Tax Bill
$898
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Valera, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76884 | $105 | $340 | $716 | $1,115 | $2,196 |
Source: Ownwell