Alvarado, Texas Property Taxes
The median property tax rate in Alvarado, TX is 1.87%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $105,270 in Alvarado, the typical annual property tax bill reaches $2,017, exceeding the national median of $2,690. Property taxes in Alvarado 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 Alvarado'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 Alvarado 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
Alvarado, 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 Alvarado, Texas Tax Savings
Ownwell’s Alvarado Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alvarado with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alvarado 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 Alvarado. 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 Alvarado, Texas
Property taxes in Alvarado, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alvarado is 1.87%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Alvarado set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alvarado 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 Alvarado's effective property tax rate to other counties in Texas and the national median. For comparison, the 76009 zip code has the highest median property tax rate of 1.87%, while the 76009 zip code also has the lowest median tax rate of 1.87%. Understanding how these cities compare with Alvarado provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alvarado Tax Rate
1.87%
Average Johnson County Tax Rate
2.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alvarado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76009 | 1.09% | 1.65% | 1.87% | 2.64% | 3.79% |
Source: Ownwell
$1,148
Average Alvarado Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Alvarado, Texas
In Alvarado, 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 Johnson 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 Alvarado, 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. The median home price in Alvarado is $105,270, with tax bills ranging from $969 at the 25th percentile to $6,512 at the 90th percentile. The highest and lowest median tax bills are both $2,017, found in the 76009 zip code. 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 Alvarado helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alvarado Assessed Value
$105,270
Average Johnson County Assessed Value
$190,190
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alvarado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76009 | $22,410 | $46,972 | $105,270 | $180,506 | $256,384 |
Source: Ownwell
$1,148
Average Alvarado Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Alvarado, Texas
In Alvarado, Johnson County, TX, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Local taxing authorities then apply the tax rate to this assessed value. For example, with a median home price of $105,270, homeowners in Alvarado face tax bills ranging from $969 at the 25th percentile to $3,858 at the 75th percentile, with some reaching up to $6,512 at the 90th percentile. This variability can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it with market data, Ownwell identifies discrepancies and files appeals to ensure your tax bill is fair. This can lead to substantial savings, reducing the financial burden on homeowners. With Ownwell's help, you can ensure that you are not overpaying on your property taxes and keep more money in your pocket.
Average Alvarado Tax Bill
$2,017
Average Johnson County Tax Bill
$4,339
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Alvarado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76009 | $430 | $969 | $2,017 | $3,858 | $6,512 |
Source: Ownwell
$1,148
Average Alvarado 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 | |
|---|---|
| Johnson Appraisal District | |
| Website | esearch.johnsoncad.com |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.