La Villa, Texas Property Taxes
The median property tax rate in LA VILLA, TX is 1.70%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in LA VILLA, the typical annual property tax bill reaches $1,206, exceeding the national median of $2,690. Property taxes in LA VILLA 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 LA VILLA'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 LA VILLA 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
La Villa, 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 La Villa, Texas Tax Savings
Ownwell’s LA VILLA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA VILLA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA VILLA 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 LA VILLA. 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 La Villa, Texas
Property taxes in LA VILLA, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA VILLA is 1.70%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within LA VILLA set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA VILLA 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 LA VILLA's effective property tax rate to other counties in Texas and the national median. For comparison, the 78562 zip code has both the highest and lowest median property tax rate of 1.70%. Understanding how these cities compare with LA VILLA provides valuable insights into the varying tax landscape across Hidalgo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Villa Tax Rate
1.70%
Average Hidalgo County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Villa, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78562 | 0.74% | 1.05% | 1.70% | 2.26% | 2.51% |
Source: Ownwell
$1,148
Average La Villa Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across La Villa, Texas
In La Villa, 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 Hidalgo 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 La Villa, 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. For instance, the median home price in La Villa is $79,906, with tax bills ranging from $686 at the 25th percentile to $4,041 at the 90th percentile. The highest median tax bill in the area is $1,206 in the 78562 zip code. 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 La Villa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average La Villa Assessed Value
$79,906
Average Hidalgo County Assessed Value
$133,156
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Villa, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78562 | $44,663 | $59,636 | $79,906 | $134,239 | $191,507 |
Source: Ownwell
$1,148
Average La Villa Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across La Villa, Texas
In LA VILLA, Hidalgo County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. For instance, with a median home price of $79,906, homeowners typically see tax bills ranging from $686 at the 25th percentile to $4,041 at the 90th percentile. These figures are influenced by various factors, including property improvements and market conditions. Compared to the national median property tax rate of 0.99%, Hidalgo County's rates can significantly impact homeowners, making it crucial to ensure assessments are accurate. Ownwell offers a valuable service by helping homeowners appeal their property tax assessments and secure exemptions. By meticulously reviewing assessment details and identifying discrepancies, Ownwell can often reduce the assessed value, leading to lower tax bills. This expertise not only saves homeowners money but also provides peace of mind, knowing their property taxes are fair and equitable.
Average La Villa Tax Bill
$1,206
Average Hidalgo County Tax Bill
$1,928
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across La Villa, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78562 | $509 | $686 | $1,206 | $2,167 | $4,041 |
Source: Ownwell
$1,148
Average La Villa Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 20 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Hidalgo Appraisal District | |
| Phone | (956) 381-8466 |
| Website | esearch.hidalgoad.org |
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