Palacios, Texas Property Taxes
The median property tax rate in Palacios, TX is 1.06%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $115,360 in Palacios, the typical annual property tax bill amounts to $996, which is below the national median of $2,690. Property taxes in Palacios 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 Palacios'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 Palacios 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
Palacios, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,223
$1,131
Ownwell’s Palacios Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Palacios with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Palacios 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 Palacios, Texas
Property taxes in Palacios, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Palacios is 1.06%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Palacios set these rates annually, and they can vary significantly across different neighborhoods. Each year, Palacios 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 Palacios's effective property tax rate to other counties in Texas and the national median. For comparison, the 77465 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Palacios provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Palacios Tax Rate
1.06%
Average Calhoun County Tax Rate
1.38%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Palacios, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77465 | 0.18% | 0.58% | 1.06% | 1.31% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Palacios, Texas
In Palacios, 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 Calhoun 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 Palacios, 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 Palacios helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 77465 has both the highest and lowest median tax bill, standing at $996.
Average Palacios Assessed Value
$115,360
Average Calhoun County Assessed Value
$110,860
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Palacios, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77465 | $41,878 | $77,120 | $115,360 | $209,130 | $364,320 |
Source: Ownwell
Property Tax Bills Across Palacios, Texas
In Palacios, located in Calhoun County, TX, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $115,360. Property taxes are determined by multiplying the assessed value by the local tax rate. For example, the median tax bill in Palacios is $996, which is close to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Palacios can expect their tax bills to vary, with the 25th percentile paying around $523, while those in the 75th percentile face bills up to $2,161. The top 10% of homeowners may see tax bills as high as $3,728. These property taxes fund essential local services, such as schools, public safety, and infrastructure. Understanding how these taxes are calculated helps homeowners plan their finances and recognize the value of community services funded through their contributions.
Average Palacios Tax Bill
$996
Average Calhoun County Tax Bill
$1,200
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Palacios, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77465 | $231 | $523 | $996 | $2,161 | $3,728 |
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 | |
|---|---|
| Calhoun Appraisal District | |
| Website | propaccess.trueautomation.com |