Verhalen, Texas Property Taxes
The median property tax rate in Verhalen, TX is 1.06%, which is slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Verhalen being $48,111, the typical annual property tax bill amounts to $1,490, which is below the national median of $2,690. Property taxes in Verhalen are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Verhalen'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 Verhalen or another part of Reeves County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Verhalen, 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 Verhalen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Verhalen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Verhalen 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 Verhalen, Texas
Property taxes in Verhalen, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Verhalen is 1.06%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Verhalen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Verhalen 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 Verhalen's effective property tax rate to other counties in Texas and the national median. For comparison, the 79772 zip code has both the highest and lowest median property tax rate of 1.06%. Understanding how these cities compare with Verhalen provides valuable insights into the varying tax landscape across Reeves County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Verhalen Tax Rate
1.06%
Average Reeves County Tax Rate
2.02%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Verhalen, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79772 | 0.57% | 0.76% | 1.06% | 1.37% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Verhalen, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Verhalen, Texas. 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 Reeves 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 Verhalen, 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. The highest median tax bill in Verhalen is $1,490 in the 79772 zip code, while the lowest median tax bill is also $1,490 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Verhalen Assessed Value
$48,111
Average Reeves County Assessed Value
$66,998
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Verhalen, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79772 | $46,095 | $46,851 | $48,111 | $264,854 | $394,901 |
Source: Ownwell
Property Tax Bills Across Verhalen, Texas
In Verhalen, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. The assessed value is then multiplied by the local property tax rate set by various taxing entities, including the county, school districts, and other local authorities. For homeowners in Verhalen, the median home price is $48,111, which plays a significant role in determining their tax bills. The tax bill can vary widely, with the 25th percentile paying around $1,149 and the 75th percentile paying up to $1,831. At the 90th percentile, tax bills can reach as high as $2,036. These figures indicate that while some homeowners face relatively modest tax bills, others may encounter more substantial financial obligations. Compared to the national median property tax rate of 0.99%, Verhalen's rates reflect the specific economic and administrative factors influencing the region. Understanding these elements is crucial for homeowners to anticipate their annual property tax expenses and manage their budgets effectively.
Average Verhalen Tax Bill
$1,490
Average Reeves County Tax Bill
$1,283
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Verhalen, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79772 | $944 | $1,149 | $1,490 | $1,831 | $2,036 |
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 | |
|---|---|
| Reeves Appraisal District | |
| Website | esearch.reevescad.org |