Quemado, Texas Property Taxes
The median property tax rate in Quemado, TX is 1.28%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Quemado at $133,266, the typical annual property tax bill is $1,214, falling below the national median of $2,690. Property taxes in Quemado are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural use. Understanding Quemado'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 Quemado or another part of Maverick County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Quemado, 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 Quemado Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quemado with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quemado 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 Quemado, Texas
Property taxes in Quemado, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quemado is 1.28%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Quemado set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quemado 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 Quemado's effective property tax rate to other counties in Texas and the national median. For comparison, the 78877 zip code has the highest median property tax rate of 1.28%, while the 78877 zip code has the lowest median tax rate of 1.28%. Understanding how these cities compare with Quemado provides valuable insights into the varying tax landscape across Maverick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Quemado Tax Rate
1.28%
Average Maverick County Tax Rate
1.36%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quemado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78877 | 0.22% | 0.62% | 1.28% | 1.36% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Quemado, Texas
In Quemado, 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 Maverick 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 Quemado, 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 Quemado is $133,266. Tax bills can significantly vary, with the 25th percentile at $536 and the 75th percentile at $2,011, while the 90th percentile reaches $3,282. The zip code 78877 has both the highest and lowest median tax bill at $1,214. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Quemado Assessed Value
$133,266
Average Maverick County Assessed Value
$131,886
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Quemado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78877 | $37,153 | $77,407 | $133,266 | $221,846 | $330,060 |
Source: Ownwell
Property Tax Bills Across Quemado, Texas
In Quemado, located in Maverick County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local county appraisal district and reflects the market value of the property. Homeowners in Quemado can expect their property tax bills to vary significantly, depending on the assessed value of their homes and the local tax rate. The national median property tax rate is 0.99%, but local rates can differ. For instance, the median home price in Quemado is $133,266. Property tax bills can range widely, with the 25th percentile at $536 and the 75th percentile reaching $2,011. For those at the higher end, the 90th percentile tax bill can be as much as $3,282. This variation means that homeowners need to be aware of their property's assessed value and the applicable tax rate to understand their potential tax liability. Properly managing these factors can significantly impact a homeowner's annual expenses.
Average Quemado Tax Bill
$1,214
Average Maverick County Tax Bill
$1,873
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Quemado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78877 | $221 | $536 | $1,214 | $2,011 | $3,282 |
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 | |
|---|---|
| Maverick Appraisal District | |
| Website | maverickcad.org |