Victoria, Texas Property Taxes
The median property tax rate in Victoria, TX is 1.72%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Victoria at $211,501, the typical annual property tax bill reaches $3,382, exceeding the national median of $2,690. Property taxes in Victoria 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 Victoria'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 Victoria or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Victoria, 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 Victoria Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Victoria with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Victoria 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 Victoria, Texas
Property taxes in Victoria, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Victoria is 1.72%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Victoria set these rates annually, and they can vary significantly across different neighborhoods. Each year, Victoria 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 Victoria's effective property tax rate to other counties in Texas and the national median. For comparison, the 77905 zip code has the highest median property tax rate of 1.72%, while the same zip code also has the lowest median tax rate of 1.72%. Understanding how these cities compare with Victoria provides valuable insights into the varying tax landscape across Goliad County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Victoria Tax Rate
1.72%
Average Goliad County Tax Rate
1.88%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Victoria, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77905 | 1.33% | 1.50% | 1.72% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Victoria, Texas
In Victoria, 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 Victoria, 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. For instance, the median home price in Victoria is $211,501, with tax bills ranging from $1,097 at the 25th percentile to $7,352 at the 90th percentile. By understanding 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 Victoria helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Victoria Assessed Value
$211,501
Average Goliad County Assessed Value
$106,818
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Victoria, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77905 | $29,480 | $67,802 | $211,501 | $362,096 | $476,731 |
Source: Ownwell
Property Tax Bills Across Victoria, Texas
In Victoria, TX, property tax bills are determined by assessing the market value of a property and applying the local tax rate. The median home price in Victoria is $211,501, and the property tax rate in Goliad County significantly influences the tax bill homeowners receive. Property tax bills can vary widely, with the 25th percentile at $1,097 and the 75th percentile reaching $5,736. For those in the 90th percentile, tax bills can be as high as $7,352. These tax bills are influenced by factors such as property size, location, and improvements. Higher-value properties and those in desirable areas typically face higher tax bills. The highest median tax bill in Victoria is $3,382, found in the 77905 zip code. This variability means homeowners need to be aware of how changes in property value or local tax rates can impact their annual tax obligations. Compared to the national median property tax rate of 0.99%, Victoria's rates demonstrate the localized nature of property taxes and their direct effect on homeowners' finances.
Average Victoria Tax Bill
$3,382
Average Goliad County Tax Bill
$1,971
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Victoria, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77905 | $456 | $1,097 | $3,382 | $5,736 | $7,352 |
Source: Ownwell