Padre Island, Texas Property Taxes
The median property tax rate in Padre Island, TX is 1.62%, slightly lower than the Texas state median of 1.67% but significantly higher than the national median of 0.99%. With the median home value in Padre Island being $77,794, the typical annual property tax bill amounts to $1,260, which is below the national median of $2,690. Property taxes in Padre Island are calculated based on the assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Padre Island'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 Padre Island 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
Padre Island, 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 Padre Island, Texas Tax Savings
Ownwell’s Padre Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Padre Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Padre Island 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 Padre Island. 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 Padre Island, Texas
Property taxes in Padre Island, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Padre Island is 1.62%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Padre Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Padre Island 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 Padre Island's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in Texas is found in certain areas, while other regions boast the lowest median tax rates. Understanding how these cities compare with Padre Island 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 Padre Island Tax Rate
1.62%
Average Cameron County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Padre Island, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Padre Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Padre Island, Texas
In Padre Island, 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 Padre Island, 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 Padre Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Padre Island Assessed Value
$77,794
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 Padre Island, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Padre Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Padre Island, Texas
In Padre Island, Cameron County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. The median home price in this region stands at $77,794. Property tax rates are applied to this assessed value, with the local tax rate being a crucial factor. Homeowners in Padre Island typically face a property tax bill of around $1,260, which places them above the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property location, market conditions, and any applicable exemptions. High property taxes can significantly impact homeowners, increasing their annual expenses and affecting their overall financial health. Ownwell provides a valuable service by helping homeowners appeal their property tax assessments and secure exemptions. By leveraging expert knowledge and a streamlined process, Ownwell can potentially reduce your property tax bill, ensuring you only pay your fair share. This can lead to substantial savings and financial relief for homeowners in Padre Island.
Average Padre Island Tax Bill
$1,260
Average Cameron County Tax Bill
$1,460
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Padre Island, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Padre Island 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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