Tornillo, Texas Property Taxes
The median property tax rate in Tornillo, TX is 2.04%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Tornillo at $32,594, the typical annual property tax bill reaches $605, which is below the national median of $2,690. Property taxes in Tornillo are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Tornillo's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Tornillo or another part of El Paso County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tornillo, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.04%
Estimate Property Tax Bill
$665
$615
$1,148
Average Tornillo, Texas Tax Savings
Ownwell’s Tornillo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tornillo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tornillo to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Tornillo. 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 Tornillo, Texas
Property taxes in Tornillo, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tornillo is 2.04%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Tornillo set these rates annually, and they can vary across different neighborhoods. Each year, Tornillo 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. For comparison, the 79853 zip code has the highest median property tax rate of 2.04%, which is also the lowest median tax rate in the area. Understanding how these cities compare with Tornillo provides valuable insights into the varying tax landscape across El Paso County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tornillo Tax Rate
2.04%
Average El Paso County Tax Rate
1.98%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tornillo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79853 | 0.66% | 1.08% | 2.04% | 2.34% | 2.56% |
Source: Ownwell
$1,148
Average Tornillo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Tornillo, Texas
In Tornillo, 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 El Paso 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 Tornillo, 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. Being aware of these valuation processes in Tornillo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Tornillo, both at $605, are found in the 79853 zip code.
Average Tornillo Assessed Value
$32,594
Average El Paso County Assessed Value
$183,860
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tornillo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79853 | $3,647 | $10,122 | $32,594 | $117,851 | $163,538 |
Source: Ownwell
$1,148
Average Tornillo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Tornillo, Texas
Property tax bills in Tornillo, El Paso County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value, which is determined by the county appraisal district. Factors such as property size, location, and improvements are considered in this valuation. The local tax rate is then applied to the assessed value to determine the annual tax bill. For example, with a median home price of $32,594, homeowners in Tornillo might see tax bills ranging from $156 at the 25th percentile to $2,514 at the 90th percentile. High property taxes can significantly impact homeowners, making it essential to ensure that the assessed value is accurate. This is where Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell assists homeowners in reducing their assessed values, potentially lowering their tax bills. With professional guidance, homeowners can navigate the complexities of property tax laws and achieve substantial savings.
Average Tornillo Tax Bill
$605
Average El Paso County Tax Bill
$3,416
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Tornillo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79853 | $70 | $156 | $605 | $1,559 | $2,514 |
Source: Ownwell
$1,148
Average Tornillo Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| El Paso Appraisal District | |
| Phone | (915) 780-2000 |
| Website | epcad.org |
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