Port Mansfield, Texas Property Taxes
The median property tax rate in Port Mansfield, TX is 2.18%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Port Mansfield at $104,622, the typical annual property tax bill reaches $1,783, which is below the national median of $2,690. Property taxes in Port Mansfield 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 Port Mansfield'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 Port Mansfield 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
Port Mansfield, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.18%
Estimate Property Tax Bill
$2,281
$2,111
Ownwell’s Port Mansfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Port Mansfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Port Mansfield 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 Port Mansfield, Texas
Property taxes in Port Mansfield, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Mansfield is 2.18%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Port Mansfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Mansfield 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 Port Mansfield's effective property tax rate to other counties in Texas and the national median. For comparison, the 78598 zip code has the highest median property tax rate of 2.18%, while the same zip code also has the lowest median tax rate of 2.18%. Understanding how these cities compare with Port Mansfield provides valuable insights into the varying tax landscape across Willacy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Port Mansfield Tax Rate
2.18%
Average Willacy County Tax Rate
1.18%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Port Mansfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78598 | 1.00% | 1.75% | 2.18% | 2.18% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Port Mansfield, Texas
In Port Mansfield, 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 Willacy 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 Port Mansfield, 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 instance, in the 78598 zip code, the median tax bill is $1,783. 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 Port Mansfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Port Mansfield Assessed Value
$104,622
Average Willacy County Assessed Value
$49,814
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Port Mansfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78598 | $28,272 | $52,979 | $104,622 | $169,628 | $244,245 |
Source: Ownwell
Property Tax Bills Across Port Mansfield, Texas
In Port Mansfield, located in Willacy County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in Port Mansfield experience a range of tax bills depending on their property's assessed value. For example, the tax bill at the 25th percentile is $875, while at the 75th percentile, it rises to $3,268. At the 90th percentile, homeowners can expect to pay up to $4,695 annually. These property tax bills are influenced by several factors, including the home's location, size, and condition. The median home price in Port Mansfield is $104,622, which provides a baseline for understanding these tax amounts. Compared to the national median property tax rate of 0.99%, the tax burden in Port Mansfield can vary significantly, impacting homeowners' financial planning and overall cost of living. This variability underscores the importance of understanding local property tax assessments and their implications.
Average Port Mansfield Tax Bill
$1,783
Average Willacy County Tax Bill
$574
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Mansfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78598 | $434 | $875 | $1,783 | $3,268 | $4,695 |
Source: Ownwell