Sonora, Texas Property Taxes
The median property tax rate in Sonora, TX is 2.06%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Sonora at $75,500, the typical annual property tax bill reaches $1,496, which is below the national median of $2,690. Property taxes in Sonora 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 Sonora'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 Sonora 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
Sonora, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.06%
Estimate Property Tax Bill
$1,555
$1,439
Ownwell’s Sonora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sonora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sonora 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 Sonora, Texas
Property taxes in Sonora, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sonora is 2.06%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Sonora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sonora 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 Sonora's effective property tax rate to other counties in Texas and the national median. For comparison, the 76950 zip code has the highest median property tax rate of 2.06%, while the same zip code also has the lowest median tax rate of 2.06%. Understanding how these cities compare with Sonora provides valuable insights into the varying tax landscape across Sutton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sonora Tax Rate
2.06%
Average Sutton County Tax Rate
2.06%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sonora, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76950 | 1.46% | 1.60% | 2.06% | 2.31% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Sonora, Texas
In Sonora, 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 Sutton 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 Sonora, 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 Sonora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 76950 has the highest median tax bill at $1,496, which is essential information for residents aiming to optimize their property tax strategy.
Average Sonora Assessed Value
$75,500
Average Sutton County Assessed Value
$75,530
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sonora, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76950 | $18,715 | $38,672 | $75,500 | $143,115 | $218,724 |
Source: Ownwell
Property Tax Bills Across Sonora, Texas
In Sonora, located in Sutton County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is intended to reflect the market value of the property. Homeowners in Sonora can expect their property tax bill to be influenced by several factors, including the property's assessed value and the local tax rate. For instance, with a median home price of $75,500, property tax bills can vary significantly. At the 25th percentile, homeowners might pay around $742, while those at the 75th percentile could see bills as high as $2,743. The highest tax bills, at the 90th percentile, can reach up to $3,954. This variability underscores the importance of accurate property assessments and the impact of local tax rates. Compared to the national median property tax rate of 0.99%, Sonora's rates can be a critical factor for homeowners budgeting for annual expenses.
Average Sonora Tax Bill
$1,496
Average Sutton County Tax Bill
$1,494
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Sonora, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76950 | $380 | $742 | $1,496 | $2,743 | $3,954 |
Source: Ownwell