Camp Verde, Texas Property Taxes
The median property tax rate in Camp Verde, TX is 0.89%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Camp Verde at $1,245,928, the typical annual property tax bill reaches $11,810, significantly surpassing the national median of $2,690. Property taxes in Camp Verde are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Camp Verde'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 Camp Verde 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
Camp Verde, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$11,089
$10,260
Ownwell’s CAMP VERDE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CAMP VERDE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CAMP VERDE 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 Camp Verde, Texas
Property taxes in Camp Verde, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Camp Verde is 1.29%, higher than both the Texas state median of 1.6% and the U.S. national median of 0.99%. Local government entities within Camp Verde set these rates annually, and they can vary significantly across different neighborhoods. Each year, Camp Verde 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 Camp Verde's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in the region is 1.29%, while the lowest median tax rate is also 1.29%. Understanding how these cities compare with Camp Verde provides valuable insights into the varying tax landscape across 48265, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camp Verde Tax Rate
0.89%
Average Kerr County Tax Rate
1.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camp Verde, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78010 | 0.62% | 0.72% | 0.89% | 0.99% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Camp Verde, Texas
In Camp Verde, 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 Camp Verde, 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 Camp Verde helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $11,810 in zip code 78010, while the lowest is also $11,810 in the same zip code.
Average Camp Verde Assessed Value
$1,245,928
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 Camp Verde, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78010 | $260,388 | $629,966 | $1,245,928 | $1,283,280 | $1,305,691 |
Source: Ownwell
Property Tax Bills Across Camp Verde, Texas
In Camp Verde, Kerr County, TX, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the local tax assessor and reflects the market value of the property. To calculate the tax bill, the assessed value is multiplied by the local tax rate. For example, with a median home price of $1,245,928, homeowners can expect a tax bill that falls within a range depending on their property's specific assessment and applicable tax rates. Factors influencing the tax bill include property size, location, and any improvements made to the property. In Camp Verde, the 25th percentile tax bill is $5,943, while the 75th percentile tax bill is $12,617. Homeowners at the 90th percentile face tax bills around $13,101. These figures illustrate the variability in tax burdens, which can significantly impact household finances. Compared to the national median property tax rate of 0.99%, Camp Verde's rates and resulting tax bills highlight the importance of understanding local tax assessments.
Average Camp Verde Tax Bill
$11,810
Average Kerr County Tax Bill
$2,815
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Camp Verde, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78010 | $2,423 | $5,943 | $11,810 | $12,617 | $13,101 |
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 |