Carrizo Springs, Texas Property Taxes
The median property tax rate in Carrizo Springs, TX is 1.90%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $59,564 in Carrizo Springs, the typical annual property tax bill reaches $1,015, surpassing the national median of $2,690. Property taxes in Carrizo Springs are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Carrizo Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Carrizo Springs or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carrizo Springs, 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 Carrizo Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carrizo Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carrizo Springs 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 Carrizo Springs, Texas
Property taxes in Carrizo Springs, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carrizo Springs is 1.90%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Carrizo Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carrizo Springs 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 Carrizo Springs' effective property tax rate to other counties in Texas and the national median. For comparison, the 78834 zip code has the highest median property tax rate of 1.90%, while the 78834 zip code also has the lowest median tax rate of 1.90%. Understanding how these cities compare with Carrizo Springs provides valuable insights into the varying tax landscape across Dimmit County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carrizo Springs Tax Rate
1.90%
Average Dimmit County Tax Rate
1.61%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carrizo Springs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78834 | 1.21% | 1.21% | 1.90% | 1.92% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Carrizo Springs, Texas
In Carrizo Springs, 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 Dimmit 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 Carrizo Springs, 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 Carrizo Springs is $59,564, with tax bills ranging from $464 at the 25th percentile to $2,559 at the 90th percentile. The highest and lowest median tax bills are both $1,015 in the 78834 zip code. 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 Carrizo Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carrizo Springs Assessed Value
$59,564
Average Dimmit County Assessed Value
$51,790
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carrizo Springs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78834 | $9,799 | $29,824 | $59,564 | $98,502 | $150,276 |
Source: Ownwell
Property Tax Bills Across Carrizo Springs, Texas
In Carrizo Springs, TX, property tax bills are calculated based on the assessed value of the home and the applicable tax rate. The assessed value is determined by the local assessor and generally reflects the market value of the property. For instance, the median home price in Carrizo Springs is $59,564. The property tax rate in this region is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. In Dimmit County, where Carrizo Springs is located, the tax bill can vary significantly. For example, the 25th percentile tax bill is around $464, while the 75th percentile tax bill is approximately $1,723. At the 90th percentile, homeowners might see tax bills as high as $2,559. These tax bills impact homeowners by influencing their overall housing costs. Higher property taxes can increase monthly mortgage payments, making homeownership more expensive. Conversely, lower property taxes can make owning a home more affordable.
Average Carrizo Springs Tax Bill
$1,015
Average Dimmit County Tax Bill
$847
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Carrizo Springs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78834 | $145 | $464 | $1,015 | $1,723 | $2,559 |
Source: Ownwell