Las Rusias, Texas Property Taxes
The median property tax rate in Las Rusias, TX is 1.86%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Las Rusias at $51,806, the typical annual property tax bill reaches $703, which is significantly lower than the national median of $2,690. Property taxes in Las Rusias are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Las Rusias'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 Las Rusias or another part of Cameron County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Las Rusias, 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 Las Rusias, Texas Tax Savings
Ownwell’s LAS RUSIAS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LAS RUSIAS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LAS RUSIAS 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 LAS RUSIAS. 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 Las Rusias, Texas
Property taxes in Las Rusias, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Las Rusias is 1.86%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Las Rusias set these rates annually, and they can vary significantly across different neighborhoods. Each year, Las Rusias 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 Las Rusias' 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 1.86%, while the 78586 zip code also has the lowest median tax rate of 1.86%. Understanding how these cities compare with Las Rusias 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 Las Rusias Tax Rate
1.86%
Average Cameron County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Las Rusias, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78586 | 0.47% | 1.01% | 1.86% | 1.91% | 2.23% |
Source: Ownwell
$1,148
Average Las Rusias Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Las Rusias, Texas
In Las Rusias, 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 Las Rusias, 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, the median home price in Las Rusias is $51,806, with tax bills ranging significantly. The 25th percentile tax bill is $276, while the 75th percentile tax bill reaches $1,118, and the 90th percentile tax bill is $2,179. 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 Las Rusias helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Las Rusias Assessed Value
$51,806
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 Las Rusias, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78586 | $6,240 | $33,427 | $51,806 | $91,686 | $157,534 |
Source: Ownwell
$1,148
Average Las Rusias Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Las Rusias, Texas
In Las Rusias, Cameron County, TX, property tax bills are calculated based on the assessed value of a home. The median home price here is $51,806, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as home improvements, neighborhood changes, and market conditions can influence the assessed value. Homeowners in Las Rusias can expect tax bills ranging from $276 at the 25th percentile to $2,179 at the 90th percentile, with a median tax bill of $703. These tax bills can significantly impact homeowners, particularly when property values rise. However, Ownwell can help homeowners save on their property tax bills by providing expert property tax appeal and exemption services. By reviewing your property's assessed value and identifying potential discrepancies, Ownwell ensures you only pay what you truly owe. This can lead to substantial savings, allowing homeowners to better manage their finances and reduce the burden of property taxes.
Average Las Rusias Tax Bill
$703
Average Cameron County Tax Bill
$1,460
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Las Rusias, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78586 | $116 | $276 | $703 | $1,118 | $2,179 |
Source: Ownwell
$1,148
Average Las Rusias 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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