Telferner, Texas Property Taxes
The median property tax rate in Telferner, TX is 1.30%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $60,260 in Telferner, the typical annual property tax bill amounts to $604, significantly lower than the national median of $2,690. Property taxes in Telferner are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Telferner's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Telferner or another part of Victoria County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Telferner, 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 Telferner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Telferner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Telferner 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 Telferner, Texas
Property taxes in Telferner, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Telferner is 1.30%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Telferner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Telferner 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 Telferner's effective property tax rate to other counties in Texas and the national median. For comparison, the 77988 zip code has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Telferner provides valuable insights into the varying tax landscape across Victoria County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Telferner Tax Rate
1.30%
Average Victoria County Tax Rate
1.42%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Telferner, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77988 | 0.32% | 0.94% | 1.30% | 1.48% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Telferner, Texas
In Telferner, 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 Victoria 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 Telferner, 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. For instance, the median home price in Telferner is $60,260, with the 25th percentile tax bill at $254 and the 75th percentile at $1,212. The highest and lowest median tax bills are both $604, found in the 77988 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Telferner Assessed Value
$60,260
Average Victoria County Assessed Value
$175,870
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Telferner, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77988 | $14,220 | $27,980 | $60,260 | $111,980 | $151,540 |
Source: Ownwell
Property Tax Bills Across Telferner, Texas
In Telferner, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the Victoria County Appraisal District. The assessed value is a percentage of the market value of the property, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $60,260, homeowners can expect varying tax bills depending on where their property falls within the assessed value spectrum. Factors such as property location, improvements, and market conditions play a significant role in determining the assessed value. In Telferner, the tax bills range widely, with the 25th percentile at $254, the 75th percentile at $1,212, and the 90th percentile reaching up to $1,905. This variability means that homeowners in Telferner may experience a significant range in their property tax obligations, impacting their overall financial planning. Compared to the national median property tax rate of 0.99%, Telferner's rates reflect the localized economic conditions and property values within Victoria County.
Average Telferner Tax Bill
$604
Average Victoria County Tax Bill
$2,280
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Telferner, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77988 | $133 | $254 | $604 | $1,212 | $1,905 |
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 | |
|---|---|
| Victoria Appraisal District | |
| Website | propaccess.trueautomation.com |