Laguna Vista, Texas Property Taxes
The median property tax rate in Laguna Vista, TX is 1.45%, higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $249,120 in Laguna Vista, the typical annual property tax bill amounts to $3,534, surpassing the national median of $2,690. Property taxes in Laguna Vista are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Laguna Vista'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 Laguna Vista 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
Laguna Vista, 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 Laguna Vista, Texas Tax Savings
Ownwell’s Laguna Vista Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laguna Vista with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laguna Vista 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 Laguna Vista. 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 Laguna Vista, Texas
Property taxes in Laguna Vista, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laguna Vista is 1.45%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Laguna Vista set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laguna Vista 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 Laguna Vista's effective property tax rate to other counties in Texas and the national median. For comparison, the 78578 zip code has the highest median property tax rate of 1.45%, while the 78578 zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with Laguna Vista 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 Laguna Vista Tax Rate
1.45%
Average Cameron County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laguna Vista, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78578 | 0.85% | 1.13% | 1.45% | 1.78% | 2.01% |
Source: Ownwell
$1,148
Average Laguna Vista Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Laguna Vista, Texas
In Laguna Vista, 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. 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. For example, in Laguna Vista, the highest median tax bill is $3,534 in the 78578 zip code, while the lowest is also $3,534 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Laguna Vista Assessed Value
$249,120
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 Laguna Vista, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78578 | $116,353 | $182,576 | $249,120 | $351,268 | $427,220 |
Source: Ownwell
$1,148
Average Laguna Vista Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Laguna Vista, Texas
In Laguna Vista, located in Cameron County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Laguna Vista is $249,120, and the property tax rate is aligned with the state and county regulations. Homeowners can expect tax bills ranging from $2,117 at the 25th percentile to $6,784 at the 90th percentile, with a median tax bill of $3,534, notably higher than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions. High property taxes can significantly impact homeowners, making it essential to explore ways to reduce these costs. Ownwell helps homeowners save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying potential errors or overvaluations, Ownwell ensures homeowners pay only their fair share, potentially saving them thousands of dollars annually.
Average Laguna Vista Tax Bill
$3,534
Average Cameron County Tax Bill
$1,460
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Laguna Vista, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78578 | $1,292 | $2,117 | $3,534 | $5,013 | $6,784 |
Source: Ownwell
$1,148
Average Laguna Vista 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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