Port Bolivar, Texas Property Taxes
The median property tax rate in Port Bolivar, TX is 1.27%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Port Bolivar at $428,511, the typical annual property tax bill reaches $4,668, significantly exceeding the national median of $2,690. Property taxes in Port Bolivar are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Port Bolivar'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 Port Bolivar 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
Port Bolivar, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Port Bolivar, Texas Tax Savings
Ownwell’s Port Bolivar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Port Bolivar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Port Bolivar to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Port Bolivar. 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 Port Bolivar, Texas
Property taxes in Port Bolivar, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Bolivar is 1.27%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Port Bolivar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Bolivar 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 Port Bolivar's effective property tax rate to other counties in Texas and the national median. For comparison, the 77650 zip code has the highest median property tax rate of 1.27%, while the 77650 zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Port Bolivar provides valuable insights into the varying tax landscape across Galveston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Port Bolivar Tax Rate
1.27%
Average Galveston County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Port Bolivar, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77650 | 0.51% | 0.93% | 1.27% | 1.45% | 1.61% |
Source: Ownwell
$1,148
Average Port Bolivar Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Port Bolivar, Texas
In Port Bolivar, 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 Galveston 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 Port Bolivar, 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. The median home price in Port Bolivar is $428,511, and understanding these valuation concepts can help property owners better navigate their tax responsibilities. For instance, the median property tax bill in the 77650 zip code is $4,668. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Port Bolivar Assessed Value
$428,511
Average Galveston County Assessed Value
$305,463
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Port Bolivar, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77650 | $65,560 | $230,390 | $428,511 | $573,870 | $772,634 |
Source: Ownwell
$1,148
Average Port Bolivar Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Port Bolivar, Texas
Property tax bills in Port Bolivar, Galveston County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the home. With a median home price of $428,511, homeowners can expect varying tax bills. For instance, the 25th percentile tax bill is around $1,849, while the 75th percentile reaches up to $6,900. The highest median tax bill in the area is $4,668, specifically in the 77650 zip code. Several factors influence the tax bill, including property size, location, and any applicable exemptions. These factors collectively impact how much homeowners owe, often resulting in significant financial burdens. Ownwell assists homeowners in Port Bolivar by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell can help reduce your tax bill, ensuring you pay only what is fair. This service can lead to substantial savings, alleviating the financial strain of high property taxes.
Average Port Bolivar Tax Bill
$4,668
Average Galveston County Tax Bill
$4,120
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Bolivar, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77650 | $611 | $1,849 | $4,668 | $6,900 | $9,235 |
Source: Ownwell
$1,148
Average Port Bolivar Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 17 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Galveston Appraisal District | |
| Website | esearch.galvestoncad.org |
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