Refugio, Texas Property Taxes
The median property tax rate in Refugio, TX is 2.08%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Refugio at $91,340, the typical annual property tax bill reaches $1,780, which is still below the national median of $2,690. Property taxes in Refugio 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 Refugio'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 Refugio 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
Refugio, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.08%
Estimate Property Tax Bill
$1,900
$1,758
Ownwell’s Refugio Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Refugio with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Refugio 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 Refugio, Texas
Property taxes in Refugio, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Refugio is 2.08%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Refugio set these rates annually, and they can vary significantly across different neighborhoods. Each year, Refugio 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 Refugio's effective property tax rate to other counties in Texas and the national median. For comparison, the 78377 zip code has the highest median property tax rate of 2.08%, while the same zip code also has the lowest median tax rate of 2.08%. Understanding how these cities compare with Refugio provides valuable insights into the varying tax landscape across Refugio County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Refugio Tax Rate
2.08%
Average Refugio County Tax Rate
2.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Refugio, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78377 | 1.18% | 1.61% | 2.08% | 2.89% | 2.89% |
Source: Ownwell
Property Tax Assessment Values Across Refugio, Texas
In Refugio, 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 Refugio 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 Refugio, 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 example, homes in the 78377 zip code have the highest median tax bill at $1,780. 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 Refugio helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Refugio Assessed Value
$91,340
Average Refugio County Assessed Value
$86,620
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Refugio, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78377 | $14,370 | $46,185 | $91,340 | $136,615 | $227,962 |
Source: Ownwell
Property Tax Bills Across Refugio, Texas
In Refugio, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in Refugio pay a median property tax rate of 1.95%, which is higher than the national median of 0.99%. For a median home price of $91,340, the typical tax bill can range significantly. At the 25th percentile, homeowners might pay around $902, while those at the 75th percentile could see bills up to $2,794. The top 10% of property tax bills can be as high as $4,170. These tax bills can have a substantial impact on homeowners, affecting their monthly housing costs and overall financial planning. Higher property taxes can also influence decisions about buying or selling property in the area. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Refugio Tax Bill
$1,780
Average Refugio County Tax Bill
$1,670
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Refugio, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78377 | $277 | $902 | $1,780 | $2,794 | $4,170 |
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 | |
|---|---|
| Refugio Appraisal District | |
| Website | www.refugiocad.org |