Valle De Oro, Texas Property Taxes
The median property tax rate in Valle de Oro, TX, is 0.21%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $106,588, the typical annual property tax bill in Valle de Oro is $566, well below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Valle de Oro's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Valle de Oro 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
Valle De Oro, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.21%
Estimate Property Tax Bill
$224
$207
$1,148
Average Valle De Oro, Texas Tax Savings
Ownwell’s Valle De Oro Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Valle De Oro with just two data points. Simply enter your property's estimated assessed value, and the calculator will apply the median tax rate in Valle De Oro to provide an estimated property tax bill. This tool is designed to help you understand your potential tax liabilities and illustrates how Ownwell can assist in reducing property taxes in Valle De Oro. For those interested in neighborhood-level trends, scroll down to find more localized information. Your property’s assessed value, assigned by the county, is used for property tax calculations and accounts for any applicable exemptions.
Property Tax Rates Across Valle De Oro, Texas
Property taxes in Valle de Oro, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valle de Oro is 1.82%, significantly higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Valle de Oro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valle de Oro 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 Valle de Oro's effective property tax rate to other counties in Texas and the national median. For comparison, 77024 has the highest median property tax rate of 2.59%, while 73301 has the lowest median tax rate of 1.38%. Understanding how these cities compare with Valle de Oro provides valuable insights into the varying tax landscape across Dallas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Valle De Oro Tax Rate
0.21%
Average Potter County Tax Rate
2.16%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valle De Oro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79010 | 0.15% | 0.17% | 0.21% | 0.49% | 0.95% |
Source: Ownwell
$1,148
Average Valle De Oro Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Valle De Oro, Texas
In Valle de Oro, 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 Potter 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 Valle de Oro, 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 Valle de Oro 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 $566 in zip code 79010, which is also the lowest median tax bill, highlighting the consistency in tax assessments within this region.
Average Valle De Oro Assessed Value
$106,588
Average Potter County Assessed Value
$109,916
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Valle De Oro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79010 | $26,183 | $41,065 | $106,588 | $285,107 | $329,947 |
Source: Ownwell
$1,148
Average Valle De Oro Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Valle De Oro, Texas
In Valle De Oro, Potter County, TX, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to generate the tax bill. For example, with a median home price of $106,588, homeowners can expect a tax bill ranging from $362 at the 25th percentile to $1,144 at the 90th percentile. Factors such as property improvements and market conditions can affect these assessments, potentially increasing the tax burden on homeowners. Ownwell can help homeowners in Valle De Oro save on their property tax bills by providing expert property tax appeal and exemption services. Our team reviews your property's assessed value, identifies discrepancies, and files appeals on your behalf. By leveraging our expertise, homeowners can potentially lower their property tax bills, ensuring they pay only their fair share. This service not only provides financial relief but also peace of mind, knowing that your property taxes are accurate and fair.
Average Valle De Oro Tax Bill
$566
Average Potter County Tax Bill
$2,237
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Valle De Oro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79010 | $191 | $362 | $566 | $842 | $1,144 |
Source: Ownwell
$1,148
Average Valle De Oro 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 | |
|---|---|
| Potter Appraisal District | |
| Website | www.prad.org |
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