Carricitos, Texas Property Taxes
The median property tax rate in Carricitos, TX is 1.10%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value in Carricitos, the typical annual property tax bill is $1,262, which is below the national median of $2,690. Property taxes in Carricitos are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Carricitos' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Carricitos 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
Carricitos, 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 Carricitos, Texas Tax Savings
Ownwell’s Carricitos Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carricitos with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carricitos 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 Carricitos. 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 Carricitos, Texas
Property taxes in Carricitos, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carricitos is 1.10%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Carricitos set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carricitos 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 Carricitos's effective property tax rate to other counties in Texas and the national median. For comparison, the 78586 zip code has the highest median property tax rate of 1.10%, while the 78586 zip code has the lowest median tax rate of 1.10%. Understanding how these cities compare with Carricitos provides valuable insights into the varying tax landscape across Cameron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carricitos Tax Rate
1.10%
Average Cameron County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carricitos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78586 | 0.76% | 0.88% | 1.10% | 1.54% | 2.06% |
Source: Ownwell
$1,148
Average Carricitos Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Carricitos, Texas
In Carricitos, 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 Cameron 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 Carricitos, 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 Carricitos helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 78586 at $1262, while the lowest is also 78586 at $1262, reflecting a consistent tax burden across the area.
Average Carricitos Assessed Value
$103,064
Average Cameron County Assessed Value
$129,230
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carricitos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78586 | $40,799 | $78,302 | $103,064 | $111,625 | $119,968 |
Source: Ownwell
$1,148
Average Carricitos Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Carricitos, Texas
In Carricitos, located in Cameron County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is typically a percentage of the market value. For example, with a median home price of $103,064, homeowners can expect a tax bill that falls within a range. The 25th percentile tax bill is around $919, while the 75th percentile reaches up to $1,598, and the 90th percentile can go as high as $2,074. These figures illustrate how the assessed value and the local tax rate directly impact what homeowners owe annually. Ownwell can help homeowners in Carricitos significantly reduce their property tax bills. By providing expert property tax appeal services, Ownwell ensures that homes are assessed accurately and fairly, potentially lowering the assessed value and, consequently, the tax bill. This can lead to substantial savings, easing the financial burden on homeowners and ensuring they only pay their fair share.
Average Carricitos Tax Bill
$1,262
Average Cameron County Tax Bill
$1,460
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Carricitos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78586 | $433 | $919 | $1,262 | $1,598 | $2,074 |
Source: Ownwell
$1,148
Average Carricitos 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 | |
|---|---|
| Cameron Appraisal District | |
| Phone | (956) 399-9322 |
| Website | cameron.prodigycad.com |
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