Gregory Portland, Texas Property Taxes
The median property tax rate in Gregory Portland, TX is 1.60%, slightly lower than the Texas state median of 1.67% but still higher than the national median of 0.99%. With a median home value of $72,576 in Gregory Portland, the typical annual property tax bill amounts to $976, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gregory Portland'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 Gregory Portland 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
Gregory Portland, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$1,161
$1,074
Ownwell’s Gregory Portland Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Gregory Portland with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Gregory Portland to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by San Patricio County for property tax calculations, accounting for any applicable exemptions.
Property Tax Rates Across Gregory Portland, Texas
Property taxes in Gregory Portland, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gregory Portland is 1.60%, higher than both the Texas state median of 1.50% and the U.S. national median of 0.99%. Local government entities within Gregory Portland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gregory Portland 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 Gregory Portland's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 75001 has the highest median property tax rate of 2.50%, while the zip code 79821 has the lowest median tax rate of 0.75%. Understanding how these cities compare with Gregory Portland provides valuable insights into the varying tax landscape across San Patricio County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gregory Portland Tax Rate
1.60%
Average San Patricio County Tax Rate
1.88%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gregory Portland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Gregory Portland, Texas
In Gregory Portland, 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 San Patricio 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. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Gregory Portland, the 25th percentile tax bill is $886, while the 75th percentile tax bill is $1,149, with the 90th percentile reaching $1,318.
Average Gregory Portland Assessed Value
$72,576
Average San Patricio County Assessed Value
$177,138
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gregory Portland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Gregory Portland, Texas
In Gregory Portland, located in San Patricio County, TX, property tax bills are calculated based on the assessed value of the property. The county's tax assessor determines this value, which reflects the market value of the home. For a median home price of $72,576, homeowners can expect to pay property taxes that vary significantly depending on the exact assessment and applicable exemptions. The tax bill is influenced by several factors, including the property's assessed value, local tax rates, and any eligible exemptions. For example, at the 25th percentile, a homeowner might pay around $886 annually, while those at the 75th percentile could see bills closer to $1,149. At the 90th percentile, property taxes could reach up to $1,318. Compared to the national median property tax rate of 0.99%, Gregory Portland's rates can be relatively high, impacting homeowners by increasing their annual costs. Understanding these factors is crucial for homeowners to manage their financial planning effectively.
Average Gregory Portland Tax Bill
$976
Average San Patricio County Tax Bill
$3,126
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Gregory Portland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
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 | |
|---|---|
| San Patricio Appraisal District | |
| Website | esearch.sanpatcad.org |