Del Rio, Texas Property Taxes
The median property tax rate in Del Rio, TX is 0.68%, which is notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $253,874 in Del Rio, the typical annual property tax bill amounts to $1,615, falling well below the national median of $2,690. Property taxes in Del Rio are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Gaining a thorough understanding of Del Rio'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 Del Rio or another part of Edwards County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Del Rio, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,726
$1,597
Ownwell’s Del Rio Property Tax Bill Calculator assists homeowners, real estate investors, and potential owners in estimating their annual property taxes in Del Rio with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Del Rio 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 Del Rio, Texas
Property taxes in Del Rio, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Del Rio is 0.68%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Del Rio set these rates annually, and they can vary significantly across different neighborhoods. Each year, Del Rio 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 Del Rio's effective property tax rate to other counties in Texas and the national median. For comparison, the 78840 zip code has both the highest and lowest median property tax rate of 0.68%. Understanding how these cities compare with Del Rio provides valuable insights into the varying tax landscape across Edwards County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Del Rio Tax Rate
0.68%
Average Edwards County Tax Rate
1.44%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Del Rio, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78840 | 0.17% | 0.26% | 0.68% | 1.39% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Del Rio, Texas
In Del Rio, 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 Edwards 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 Del Rio, 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 Del Rio helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Del Rio are both $1,615, found in the 78840 zip code.
Average Del Rio Assessed Value
$253,874
Average Edwards County Assessed Value
$71,862
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Del Rio, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78840 | $100,622 | $120,006 | $253,874 | $684,884 | $1,154,391 |
Source: Ownwell
Property Tax Bills Across Del Rio, Texas
In Del Rio, located in Edwards County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county appraisal district, which evaluates the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Del Rio, various factors influence the final tax bill, including the property's location, size, and any applicable exemptions. The median home price in Del Rio is $253,874, and residents typically see a range of tax bills. For example, the 25th percentile tax bill is around $1,195, while the 75th percentile tax bill can reach $2,995. At the higher end, the 90th percentile tax bill is approximately $4,414. These property tax bills directly impact homeowners by influencing their annual housing costs. Compared to the national median property tax rate of 0.99%, Del Rio's rates reflect the local economic and real estate conditions, ensuring that tax contributions align with property values.
Average Del Rio Tax Bill
$1,615
Average Edwards County Tax Bill
$806
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Del Rio, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78840 | $393 | $1,195 | $1,615 | $2,995 | $4,414 |
Source: Ownwell