Cameron, Texas Property Taxes
The median property tax rate in Cameron, TX is 1.63%, considerably higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With a median home value of $127,620 in Cameron, the typical annual property tax bill reaches $1,697, which is below the national median of $2,690. Property taxes in Cameron are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Cameron'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 Cameron 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
Cameron, 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 Cameron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cameron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cameron 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 Cameron, Texas
Property taxes in Cameron, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cameron is 1.63%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Cameron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cameron 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 Cameron's effective property tax rate to other counties in Texas and the national median. For comparison, the 76520 zip code has the highest median property tax rate of 1.63%, while the same zip code also has the lowest median tax rate of 1.63%. Understanding how these cities compare with Cameron provides valuable insights into the varying tax landscape across Milam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cameron Tax Rate
1.63%
Average Milam County Tax Rate
1.45%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cameron, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76520 | 0.41% | 0.91% | 1.63% | 2.29% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Cameron, Texas
In Cameron, 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 Milam 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 Cameron, 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 Cameron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, zip code 76520 in Cameron has both the highest and lowest median tax bill at $1,697, compared to the national median property tax rate of 0.99%.
Average Cameron Assessed Value
$127,620
Average Milam County Assessed Value
$146,970
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cameron, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76520 | $26,100 | $63,745 | $127,620 | $267,070 | $527,286 |
Source: Ownwell
Property Tax Bills Across Cameron, Texas
In Cameron, located in Milam County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county appraisal district and reflects the estimated market value of the property. Homeowners in Cameron can expect property tax bills to vary significantly depending on the value of their homes and the specific tax rates set by local taxing authorities. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, the median home price in Cameron is $127,620, and property tax bills can range widely. At the 25th percentile, homeowners might pay around $874, while those at the 75th percentile could see bills upwards of $3,068. The highest median tax bill in the area is reported at $1,697, which is relatively moderate compared to the national median property tax rate of 0.99%. These property tax bills impact homeowners by contributing to local services and infrastructure, but they also represent a significant annual expense that must be budgeted for accordingly.
Average Cameron Tax Bill
$1,697
Average Milam County Tax Bill
$1,812
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cameron, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76520 | $301 | $874 | $1,697 | $3,068 | $4,621 |
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 | |
|---|---|
| Milam Appraisal District | |
| Website | esearch.milamad.org |