Zapata, Texas Property Taxes
The median property tax rate in Zapata, TX is 1.85%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Zapata, the typical annual property tax bill reaches $1,010, which is below the national median of $2,690. Property taxes in Zapata 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 Zapata'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 Zapata 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
Zapata, 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 Zapata Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Zapata with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Zapata 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 Zapata, Texas
Property taxes in Zapata, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Zapata is 1.85%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Zapata set these rates annually, and they can vary significantly across different neighborhoods. Each year, Zapata 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 Zapata's effective property tax rate to other counties in Texas and the national median. For comparison, the 78076 zip code has the highest median property tax rate of 1.85%, while the same 78076 zip code has the lowest median tax rate of 1.85%. Understanding how these cities compare with Zapata provides valuable insights into the varying tax landscape across Zapata County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Zapata Tax Rate
1.85%
Average Zapata County Tax Rate
1.85%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Zapata, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78076 | 1.80% | 1.85% | 1.85% | 1.85% | 2.17% |
Source: Ownwell
Property Tax Assessment Values Across Zapata, Texas
In Zapata, 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 Zapata 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 Zapata, 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 Zapata helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,010, found in the 78076 zip code.
Average Zapata Assessed Value
$55,091
Average Zapata County Assessed Value
$53,234
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Zapata, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78076 | $11,886 | $25,516 | $55,091 | $104,537 | $176,001 |
Source: Ownwell
Property Tax Bills Across Zapata, Texas
In Zapata, TX, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county and reflects the market value of your property. Once the assessed value is established, local tax rates are applied to calculate the tax bill. In Zapata, the median home price is $55,091, which serves as a baseline for these calculations. Factors influencing the tax bill include the property's location, size, and any improvements made. For instance, the 25th percentile tax bill in Zapata is $482, while the 75th percentile tax bill is significantly higher at $1,914. At the 90th percentile, homeowners could see tax bills as high as $3,235. The highest median tax bill recorded in the area is $1,010, which is notably lower than the national median property tax rate of 0.99%. These tax bills can have a substantial impact on homeowners, affecting their monthly budgets and long-term financial planning. Understanding how these factors interplay can help homeowners better manage their expenses and anticipate future tax obligations.
Average Zapata Tax Bill
$1,010
Average Zapata County Tax Bill
$972
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Zapata, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78076 | $224 | $482 | $1,010 | $1,914 | $3,235 |
Source: Ownwell