Kenedy, Texas Property Taxes
The median property tax rate in Kenedy, TX is 1.15%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. Given the median home value in Kenedy, the typical annual property tax bill amounts to $614, which is notably less than the national median of $2,690. Property taxes in Kenedy 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. Gaining a thorough understanding of Kenedy's property tax system, exploring available exemptions, and identifying reduction opportunities can lead to significant savings each year. Whether you reside in Kenedy or own property elsewhere in the city, familiarizing yourself with the local property tax regulations will be advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Kenedy, 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 Kenedy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kenedy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kenedy 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 Kenedy, Texas
Property taxes in Kenedy, Texas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Kenedy is 1.15%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Kenedy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kenedy 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 Kenedy's effective property tax rate to other counties in Texas and the national median. For comparison, the 78119 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Kenedy provides valuable insights into the varying tax landscape across Karnes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kenedy Tax Rate
1.15%
Average Live Oak County Tax Rate
1.49%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kenedy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78119 | 0.35% | 0.52% | 1.15% | 1.27% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Kenedy, Texas
In Kenedy, 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 Live Oak 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 Kenedy, 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 highest median tax bill in Kenedy is $614.00 in the 78119 zip code, which is also the lowest. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kenedy Assessed Value
$71,284
Average Live Oak County Assessed Value
$67,776
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kenedy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78119 | $13,940 | $29,101 | $71,284 | $100,724 | $131,403 |
Source: Ownwell
Property Tax Bills Across Kenedy, Texas
Property tax bills in Kenedy, located in Live Oak County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of homes. Once the assessed value is established, the tax rate, which is set by local taxing authorities, is applied to calculate the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. In Kenedy, the median home price stands at $71,284. Homeowners in the 25th percentile can expect a tax bill around $202, while those in the 75th percentile might see bills as high as $1,124. At the 90th percentile, tax bills can reach up to $1,228. Comparatively, the national median property tax rate is 0.99%, making Kenedy's property taxes relatively moderate. These property taxes fund essential local services, such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Kenedy Tax Bill
$614
Average Live Oak County Tax Bill
$1,069
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Kenedy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78119 | $74 | $202 | $614 | $1,124 | $1,228 |
Source: 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 | |
|---|---|
| Live Oak Appraisal District | |
| Website | propertysearch.liveoakcad.org |