Mrecedes, Texas Property Taxes
The median property tax rate in Mercedes, TX is 2.79%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $467,777 in Mercedes, the typical annual property tax bill reaches $13,052, far exceeding the national median of $2,690. Property taxes in Mercedes are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Mercedes' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Mercedes 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
Mrecedes, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Mrecedes, Texas Tax Savings
Ownwell’s Mercedes Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mercedes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mercedes 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 Mercedes. 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 Mrecedes, Texas
Property taxes in Mercedes, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mercedes is 2.79%, significantly higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Mercedes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mercedes 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 Mercedes' effective property tax rate to other counties in Texas and the national median. For comparison, the 77494 zip code has the highest median property tax rate of 3.68%, while the 79851 zip code has the lowest median tax rate of 0.61%. Understanding how these cities compare with Mercedes provides valuable insights into the varying tax landscape across Hidalgo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mrecedes Tax Rate
2.79%
Average Hidalgo County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mrecedes, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Mrecedes Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mrecedes, Texas
In Mercedes, 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 Hidalgo 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 Mercedes, 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 Mercedes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Mercedes is $467,777, with the highest tax bills reaching $13,052.
Average Mrecedes Assessed Value
$467,777
Average Hidalgo County Assessed Value
$133,156
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mrecedes, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Mrecedes Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mrecedes, Texas
In Mercedes, located in Hidalgo County, TX, property tax bills are calculated based on the assessed value of a home. The median home price here is $467,777, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property improvements, market trends, and local government budgets influence the assessed value. For homeowners in Mercedes, the property tax bill can be significant, with figures reaching $13,052 at the 25th, 75th, and 90th percentiles. These tax bills can place a considerable financial burden on homeowners. However, Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing local market data and leveraging their expertise, Ownwell can identify opportunities to challenge over-assessments, potentially lowering the assessed value of a property. This reduction can lead to substantial savings on property tax bills, alleviating the financial strain for homeowners in Mercedes.
Average Mrecedes Tax Bill
$13,052
Average Hidalgo County Tax Bill
$1,928
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mrecedes, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Mrecedes Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 20 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Hidalgo Appraisal District | |
| Phone | (956) 381-8466 |
| Website | esearch.hidalgoad.org |
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