El Campo, Texas Property Taxes
The median property tax rate in El Campo, TX is 1.67%, significantly higher than the national median of 0.99%. With the median home value in El Campo at $338,910, the typical annual property tax bill reaches $3,355, surpassing the national median of $2,690. Property taxes in El Campo are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding El Campo'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 El Campo 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
El Campo, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$3,355
$3,104
Ownwell’s El Campo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in El Campo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in El Campo 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 El Campo, Texas
Property taxes in El Campo, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in El Campo is 1.83%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within El Campo set these rates annually, and they can vary significantly across different neighborhoods. Each year, El Campo 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 El Campo'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 2.47% in Fort Bend County, while the lowest median tax rate is 0.61% in Ward County. Understanding how these counties compare with El Campo provides valuable insights into the varying tax landscape across Wharton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average El Campo Tax Rate
0.99%
Average Colorado County Tax Rate
1.13%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across El Campo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77437 | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across El Campo, Texas
In El Campo, 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 Colorado 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 El Campo, 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 El Campo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in El Campo are both $3,355, found in the 77437 zip code.
Average El Campo Assessed Value
$338,910
Average Colorado County Assessed Value
$111,020
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across El Campo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77437 | $338,910 | $338,910 | $338,910 | $338,910 | $338,910 |
Source: Ownwell
Property Tax Bills Across El Campo, Texas
In El Campo, Colorado 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 assessed value is a percentage of the home's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $338,910, homeowners can expect their tax bills to vary, but in El Campo, the median tax bill is consistently around $3,355, regardless of the home's value percentile. This uniformity indicates a relatively stable tax environment compared to the national median property tax rate of 0.99%. Factors such as property improvements, location, and market trends can influence the assessed value, thereby affecting the tax bill. Homeowners in El Campo should be aware of these factors as they directly impact their annual financial obligations, making it crucial to stay informed about any changes in property assessments and local tax rates.
Average El Campo Tax Bill
$3,355
Average Colorado County Tax Bill
$1,356
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across El Campo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77437 | $3,355 | $3,355 | $3,355 | $3,355 | $3,355 |
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 | |
|---|---|
| Colorado Appraisal District | |
| Website | propaccess.trueautomation.com |