Laredo, Texas Property Taxes
The median property tax rate in Laredo, TX is 0.50%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $160,522 in Laredo, the typical annual property tax bill amounts to $739, which is well below the national median of $2,690. Property taxes in Laredo are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Laredo'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 Laredo or another part of Webb County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Laredo, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Laredo, Texas Tax Savings
Ownwell’s Laredo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laredo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laredo to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Laredo. 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 Laredo, Texas
Property taxes in Laredo, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laredo is 0.50%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Laredo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laredo 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 Laredo's effective property tax rate to other counties in Texas and the national median. For comparison, the 78044 zip code has the highest median property tax rate of 1.88%, while the 78041 zip code has the lowest median tax rate of 0.49%. Understanding how these cities compare with Laredo provides valuable insights into the varying tax landscape across Webb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Laredo Tax Rate
0.50%
Average Webb County Tax Rate
0.50%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laredo, Texas
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
07840 | N/A | N/A | N/A | N/A | N/A |
78040 | 0.21% | 0.41% | 0.49% | 0.53% | 0.56% |
78041 | 0.28% | 0.42% | 0.49% | 0.53% | 0.56% |
78043 | 0.26% | 0.44% | 0.50% | 0.56% | 0.71% |
78044 | 1.86% | 1.87% | 1.88% | 1.96% | 1.98% |
78045 | 0.38% | 0.48% | 0.50% | 0.52% | 0.55% |
78046 | 0.28% | 0.46% | 0.50% | 0.56% | 1.23% |
78369 | 0.37% | 0.38% | 0.39% | 0.41% | 0.42% |
Source: Ownwell
$1,148
Average Laredo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Laredo, Texas
In Laredo, 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 Webb 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 Laredo, 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 Laredo is $160,522, with tax bills ranging from $346 at the 25th percentile to $1,555 at the 90th percentile. The highest median tax bill is $1,135 in the 78045 zip code, while the lowest median tax bill is $148 in the 78044 zip code. 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 Laredo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Laredo Assessed Value
$160,522
Average Webb County Assessed Value
$156,324
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laredo, Texas
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
07840 | N/A | N/A | N/A | N/A | N/A |
78040 | $35,954 | $59,898 | $87,320 | $123,468 | $171,495 |
78041 | $63,983 | $116,072 | $192,303 | $322,209 | $422,389 |
78043 | $12,107 | $50,102 | $117,999 | $176,483 | $226,556 |
78044 | $5,706 | $6,480 | $7,940 | $15,228 | $31,769 |
78045 | $142,050 | $186,095 | $234,906 | $293,448 | $365,000 |
78046 | $13,867 | $44,338 | $133,738 | $184,323 | $224,792 |
78369 | $9,142 | $10,383 | $16,820 | $25,942 | $32,016 |
Source: Ownwell
$1,148
Average Laredo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Laredo, Texas
In Laredo, Webb County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $160,522, homeowners can expect varying tax bills. The tax bill at the 25th percentile is $346, while at the 75th percentile, it climbs to $1,119, and at the 90th percentile, it reaches $1,555. The highest median tax bill in the area is $1,135 in the 78045 zip code, while the lowest is $148 in the 78044 zip code. These differences significantly impact homeowners' annual expenses. Ownwell assists homeowners in Laredo by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it to market trends, Ownwell can identify potential discrepancies and file appeals on your behalf. This professional assistance can result in substantial savings on your property tax bill, ensuring you only pay your fair share.
Average Laredo Tax Bill
$739
Average Webb County Tax Bill
$727
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Laredo, Texas
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
07840 | N/A | N/A | N/A | N/A | N/A |
78040 | $99 | $240 | $384 | $556 | $797 |
78041 | $267 | $470 | $850 | $1,564 | $2,094 |
78043 | $121 | $226 | $509 | $823 | $1,107 |
78044 | $108 | $121 | $148 | $306 | $624 |
78045 | $599 | $858 | $1,135 | $1,431 | $1,799 |
78046 | $139 | $233 | $619 | $890 | $1,132 |
78369 | $37 | $39 | $63 | $101 | $129 |
Source: Ownwell
$1,148
Average Laredo Tax Savings
Save on your property taxes & more with 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 | |
---|---|
Webb Appraisal District | |
Website | www.webbcad.org |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.