Van Horn, Texas Property Taxes
The median property tax rate in Van Horn, TX is 1.57%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Van Horn, the typical annual property tax bill is $356, significantly below the national median of $2,690. Property taxes in Van Horn are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Van Horn'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 Van Horn 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
Van Horn, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Van Horn Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Van Horn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Van Horn 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 Culberson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Van Horn, Texas
Property taxes in Van Horn, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Van Horn is 1.57%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Van Horn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Van Horn 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 Van Horn's effective property tax rate to other counties in Texas and the national median. For comparison, the 79855 zip code has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these cities compare with Van Horn provides valuable insights into the varying tax landscape across Culberson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Van Horn Tax Rate
1.57%
Average Culberson County Tax Rate
1.57%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Van Horn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79855 | 0.54% | 1.57% | 1.57% | 1.57% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Van Horn, Texas
In Van Horn, 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 Culberson 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. In Van Horn, the zip code 79855 has the highest and lowest median tax bill at $356. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Van Horn Assessed Value
$24,900
Average Culberson County Assessed Value
$24,900
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Van Horn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79855 | $5,916 | $12,745 | $24,900 | $62,830 | $95,996 |
Source: Ownwell
Property Tax Bills Across Van Horn, Texas
In Van Horn, Culberson County, TX, property tax bills are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the market value of the home, and this value is multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $24,900, homeowners can expect varying tax bills depending on the specific valuation and exemptions applicable to their property. The 25th percentile tax bill in Van Horn is around $130, while the 75th percentile tax bill reaches approximately $965. At the 90th percentile, homeowners might see tax bills as high as $1,487. These figures highlight the range of potential tax liabilities, which can significantly impact household budgets. Compared to the national median property tax rate of 0.99%, Van Horn presents a unique landscape for property taxes, reflecting the local economic conditions and property values. Understanding these factors is crucial for homeowners to manage their financial planning effectively.
Average Van Horn Tax Bill
$356
Average Culberson County Tax Bill
$356
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Van Horn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79855 | $33 | $130 | $356 | $965 | $1,487 |
Source: Ownwell