San Marcos, Texas Property Taxes
The median property tax rate in San Marcos, TX is 1.82%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $337,450 in San Marcos, the typical annual property tax bill reaches $5,722, exceeding the national median of $2,690. Property taxes in San Marcos are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding San Marcos'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 San Marcos 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
San Marcos, 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 San Marcos, Texas Tax Savings
Ownwell’s San Marcos Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in San Marcos with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in San Marcos 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 San Marcos. 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 San Marcos, Texas
Property taxes in San Marcos, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in San Marcos is 1.82%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within San Marcos set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Marcos 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 San Marcos's effective property tax rate to other counties in Texas and the national median. For comparison, the 78666 zip code has the highest median property tax rate of 1.82%, while the 78666 zip code has the lowest median tax rate of 1.82%. Understanding how these cities compare with San Marcos provides valuable insights into the varying tax landscape across Hays County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average San Marcos Tax Rate
1.82%
Average Hays County Tax Rate
1.71%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across San Marcos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78666 | 1.05% | 1.41% | 1.82% | 1.90% | 2.17% |
Source: Ownwell
$1,148
Average San Marcos Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across San Marcos, Texas
In San Marcos, 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 Hays 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 San Marcos, 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 San Marcos helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $5,722 in the 78666 zip code, which is also the location of the lowest median tax bill.
Average San Marcos Assessed Value
$337,450
Average Hays County Assessed Value
$409,280
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across San Marcos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78666 | $90,382 | $229,062 | $337,420 | $464,608 | $651,832 |
Source: Ownwell
$1,148
Average San Marcos Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across San Marcos, Texas
In San Marcos, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. For homeowners, the assessed value is determined by the Hays County Appraisal District, which considers factors such as market value, property condition, and comparable home sales. With a median home price of $337,450, property taxes can vary significantly. For instance, the 25th percentile tax bill is $3,699, while the 75th percentile reaches $7,732, and the 90th percentile soars to $10,161. The highest median tax bill in the area is $5,722, found in the 78666 zip code. Given that the national median property tax rate is 0.99%, San Marcos homeowners often find their tax bills substantially higher. This is where Ownwell steps in to help. By providing expert property tax appeal and exemption services, Ownwell can assist homeowners in reducing their assessed values and, consequently, their tax burdens, ensuring they don't pay more than necessary.
Average San Marcos Tax Bill
$5,722
Average Hays County Tax Bill
$7,200
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across San Marcos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78666 | $1,684 | $3,698 | $5,722 | $7,730 | $10,159 |
Source: Ownwell
$1,148
Average San Marcos Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Hays Appraisal District | |
| Website | esearch.hayscad.com |
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