Concepcion, Texas Property Taxes
The median property tax rate in Concepcion, TX is 1.89%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Concepcion at $38,040, the typical annual property tax bill reaches $632, which is below the national median of $2,690. Property taxes in Concepcion are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Concepcion'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 Concepcion 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
Concepcion, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.89%
Estimate Property Tax Bill
$719
$665
Ownwell’s Concepcion Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Concepcion with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Concepcion 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 Concepcion, Texas
Property taxes in Concepcion, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Concepcion is 1.89%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Concepcion set these rates annually, and they can vary significantly across different neighborhoods. Each year, Concepcion 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 Concepcion's effective property tax rate to other counties in Texas and the national median. For comparison, the 78349 zip code has the highest median property tax rate of 1.89%, while the 78349 zip code also has the lowest median tax rate of 1.89%. Understanding how these cities compare with Concepcion provides valuable insights into the varying tax landscape across Duval County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Concepcion Tax Rate
1.89%
Average Duval County Tax Rate
2.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Concepcion, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78349 | 1.15% | 1.73% | 1.89% | 2.24% | 2.24% |
Source: Ownwell
Property Tax Assessment Values Across Concepcion, Texas
In Concepcion, 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 Duval 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 Concepcion, 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 Concepcion helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Concepcion is $38,040, with tax bills ranging from $254 at the 25th percentile to $2,149 at the 90th percentile. The zip code with the highest and lowest median tax bill is 78349, both at $632.
Average Concepcion Assessed Value
$38,040
Average Duval County Assessed Value
$41,680
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Concepcion, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78349 | $6,535 | $17,808 | $38,040 | $62,842 | $118,615 |
Source: Ownwell
Property Tax Bills Across Concepcion, Texas
In Concepcion, located in Duval County, TX, property tax bills are calculated based on the assessed value of a home. The median home price in Concepcion is $38,040, which provides a baseline for determining property taxes. The tax rate is applied to this assessed value to calculate the tax bill. For example, homeowners in the 25th percentile can expect a tax bill around $254, while those in the 75th percentile might see a bill closer to $1,147. The 90th percentile tax bills can reach up to $2,149, reflecting higher property values. Several factors influence these tax bills, including the market value of the property, local tax rates, and any applicable exemptions. For homeowners, these property taxes fund essential public services such as schools, infrastructure, and emergency services. Comparing this to the national median property tax rate of 0.99%, Concepcion's property taxes can significantly impact household budgets, making it crucial for homeowners to understand their tax obligations and explore potential exemptions to reduce their financial burden.
Average Concepcion Tax Bill
$632
Average Duval County Tax Bill
$915
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Concepcion, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78349 | $94 | $254 | $632 | $1,147 | $2,149 |
Source: Ownwell