Saragosa, Texas Property Taxes
The median property tax rate in Saragosa, TX is 1.68%, slightly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Saragosa at $49,470, the typical annual property tax bill is $513, which is significantly lower than the national median of $2,690. Property taxes in Saragosa are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Saragosa'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 Saragosa 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
Saragosa, 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 Saragosa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saragosa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saragosa 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 Saragosa, Texas
Property taxes in Saragosa, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saragosa is 1.68%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Saragosa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saragosa 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 Saragosa's effective property tax rate to other counties in Texas and the national median. For comparison, the 79780 zip code has the highest median property tax rate of 1.68%, while the 79780 zip code also has the lowest median tax rate of 1.68%. Understanding how these cities compare with Saragosa provides valuable insights into the varying tax landscape across Reeves County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saragosa Tax Rate
1.68%
Average Reeves County Tax Rate
2.02%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saragosa, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79780 | 0.83% | 1.58% | 1.68% | 1.68% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Saragosa, Texas
In Saragosa, 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 Reeves 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 Saragosa, 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 example, the median home price in Saragosa is $49,470, with tax bills ranging from $309 at the 25th percentile to $1,121 at the 90th percentile. The highest median tax bill is found in the 79780 zip code, amounting to $513. By understanding 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 Saragosa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saragosa Assessed Value
$49,470
Average Reeves County Assessed Value
$66,998
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saragosa, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79780 | $16,992 | $24,914 | $49,470 | $57,944 | $99,783 |
Source: Ownwell
Property Tax Bills Across Saragosa, Texas
Property tax bills in Saragosa, located in Reeves County, TX, are calculated based on the assessed value of your property and the local tax rate. The median home price in Saragosa is $49,470, which serves as the baseline for determining property taxes. Homeowners can expect tax bills to vary significantly, with the 25th percentile tax bill at $309 and the 75th percentile reaching $888. For those at the higher end, the 90th percentile tax bill is $1,121. The local tax rate is applied to the assessed value to determine the final tax bill. For instance, if your property is assessed at the median home price, your tax bill would fall within the range mentioned above. This system ensures that property taxes are proportional to property values, impacting homeowners differently based on their property's assessed value. Compared to the national median property tax rate of 0.99%, Saragosa's property tax bills offer a perspective on how local rates and property values influence the overall tax burden.
Average Saragosa Tax Bill
$513
Average Reeves County Tax Bill
$1,283
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Saragosa, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79780 | $260 | $309 | $513 | $888 | $1,121 |
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 | |
|---|---|
| Reeves Appraisal District | |
| Website | esearch.reevescad.org |