Kenedy, Texas Property Taxes
The median property tax rate in Kenedy, TX is 1.80%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Kenedy, the typical annual property tax bill reaches $3,640, exceeding the national median of $2,690. Property taxes in Kenedy 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 Kenedy'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 Kenedy 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
Kenedy, 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 Kenedy Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Kenedy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kenedy to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Kenedy, Texas
Property taxes in Kenedy, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kenedy is 1.80%, higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Kenedy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kenedy 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 Kenedy's effective property tax rate to other counties in Texas and the national median. For comparison, the 78119 zip code has the highest median property tax rate of 1.80%, while the same 78119 zip code also has the lowest median tax rate of 1.80%. Understanding how these cities compare with Kenedy provides valuable insights into the varying tax landscape across Karnes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kenedy Tax Rate
1.80%
Average Goliad County Tax Rate
1.88%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kenedy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78119 | 1.08% | 1.59% | 1.80% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Kenedy, Texas
In Kenedy, 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 Goliad 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 Kenedy, 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 Kenedy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Kenedy are both $3640, found in the 78119 zip code.
Average Kenedy Assessed Value
$280,144
Average Goliad County Assessed Value
$106,818
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kenedy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78119 | $154,844 | $192,630 | $280,144 | $290,374 | $388,240 |
Source: Ownwell
Property Tax Bills Across Kenedy, Texas
In Kenedy, Goliad County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. This assessed value is then multiplied by the local tax rate to compute the annual property tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements made to the property. For homeowners in Kenedy, the median home price is $280,144. The tax bill at the 25th percentile is $2,896, while at the 75th percentile, it rises to $5,062, and at the 90th percentile, it reaches $5,410. These figures highlight the variability in tax bills based on property values and tax rates. Compared to the national median property tax rate of 0.99%, Kenedy's property tax rates can significantly impact homeowners' financial planning. Understanding these factors is crucial for homeowners to anticipate their annual tax obligations and manage their budgets effectively.
Average Kenedy Tax Bill
$3,640
Average Goliad County Tax Bill
$1,971
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Kenedy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78119 | $2,784 | $2,896 | $3,640 | $5,062 | $5,410 |
Source: Ownwell