Rio Bravo, Texas Property Taxes
The median property tax rate in Rio Bravo, TX is 1.33%, 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 $75,661 in Rio Bravo, the typical annual property tax bill amounts to $614, significantly below the national median of $2,690. Property taxes in Rio Bravo are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Rio Bravo'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 Rio Bravo 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
Rio Bravo, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$1,006
$931
$1,148
Average Rio Bravo, Texas Tax Savings
Ownwell’s RIO BRAVO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in RIO BRAVO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in RIO BRAVO 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 RIO BRAVO. 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 Rio Bravo, Texas
Property taxes in Rio Bravo, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rio Bravo is 1.33%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Rio Bravo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rio Bravo 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 Rio Bravo's effective property tax rate to other counties in Texas and the national median. For comparison, the 78046 zip code has the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Rio Bravo 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 Rio Bravo Tax Rate
1.33%
Average Webb County Tax Rate
0.50%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rio Bravo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78046 | 0.24% | 0.50% | 1.33% | 1.94% | 2.01% |
Source: Ownwell
$1,148
Average Rio Bravo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Rio Bravo, Texas
In Rio Bravo, 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 Rio Bravo, 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 Rio Bravo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 78046 has both the highest and lowest median tax bills, each at $614.
Average Rio Bravo Assessed Value
$75,661
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 Rio Bravo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78046 | $16,887 | $39,654 | $75,661 | $105,260 | $135,202 |
Source: Ownwell
$1,148
Average Rio Bravo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Rio Bravo, Texas
In Rio Bravo, Webb County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. With a median home price of $75,661, the tax rate is applied to this value to determine the annual tax bill. Factors like property size, location, and improvements can influence the assessed value. For example, Rio Bravo homeowners in the 25th percentile pay around $295 annually, while those in the 75th percentile face bills up to $1,250, and those in the 90th percentile could see tax bills as high as $1,897. These property taxes can significantly impact homeowners, often straining budgets. Ownwell offers a solution by helping homeowners appeal their property assessments and secure exemptions, potentially reducing their tax bills. By leveraging expert knowledge and local data, Ownwell can identify discrepancies and advocate for fairer assessments, ensuring you don't overpay on your property taxes. This can lead to substantial savings and financial relief for homeowners in Rio Bravo.
Average Rio Bravo Tax Bill
$614
Average Webb County Tax Bill
$727
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rio Bravo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78046 | $125 | $295 | $614 | $1,250 | $1,897 |
Source: Ownwell
$1,148
Average Rio Bravo 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 |
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