Bandera, Texas Property Taxes
The median property tax rate in Bandera, TX is 1.19%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Bandera at $634,372, the typical annual property tax bill reaches $7,753, significantly exceeding the national median of $2,690. Property taxes in Bandera are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bandera'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 Bandera 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
Bandera, 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 Bandera Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bandera with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bandera 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 Bandera, Texas
Property taxes in Bandera, Texas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Bandera is 1.19%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Bandera set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bandera 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 Bandera's effective property tax rate to other counties in Texas and the national median. For comparison, the 78003 zip code has the highest median property tax rate of 1.19%, while the same 78003 zip code also has the lowest median tax rate of 1.19%. Understanding how these areas compare with Bandera provides valuable insights into the varying tax landscape across Kerr County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bandera Tax Rate
1.19%
Average Kerr County Tax Rate
1.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bandera, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78003 | 0.68% | 0.98% | 1.19% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Bandera, Texas
In Bandera, 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 Kerr 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 Bandera, 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 Bandera is $634,372. The 25th percentile tax bill is $4,872, while the 75th percentile tax bill is $10,193, and the 90th percentile tax bill is $11,369. The highest and lowest median tax bills are both $7,753 in zip code 78003. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bandera Assessed Value
$634,372
Average Kerr County Assessed Value
$241,957
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bandera, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78003 | $383,115 | $450,626 | $634,372 | $849,132 | $972,473 |
Source: Ownwell
Property Tax Bills Across Bandera, Texas
In Bandera, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value of the property, which is evaluated by county officials. Homeowners in Bandera face varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $4,872, while the 75th percentile tax bill reaches $10,193, and the 90th percentile tax bill can go up to $11,369. These figures reflect the significant impact of property taxes on homeowners' finances. Compared to the national median property tax rate of 0.99%, Bandera's tax rates can result in higher tax bills, especially for homes with higher assessed values. The highest median tax bill in Bandera is $7,753, found in the 78003 zip code, indicating that some areas within the city may have higher property tax burdens than others. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Bandera Tax Bill
$7,753
Average Kerr County Tax Bill
$2,815
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bandera, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78003 | $2,905 | $4,872 | $7,753 | $10,193 | $11,369 |
Source: 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 | |
|---|---|
| Kerr Appraisal District | |
| Website | esearch.kerrcad.org |