Port Lavaca, Texas Property Taxes
The median property tax rate in Port Lavaca, TX is 1.14%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $176,015 in Port Lavaca, the typical annual property tax bill amounts to $1,659, which is below the national median of $2,690. Property taxes in Port Lavaca are calculated based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Port Lavaca'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 Port Lavaca or another part of Victoria County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Port Lavaca, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$2,007
$1,857
Ownwell’s Port Lavaca Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Port Lavaca with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Port Lavaca 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 Port Lavaca, Texas
Property taxes in Port Lavaca, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Lavaca is 1.14%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Port Lavaca set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Lavaca 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 Port Lavaca's effective property tax rate to other counties in Texas and the national median. For comparison, the 77979 zip code has the highest median property tax rate of 1.14%, while the 77979 zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Port Lavaca provides valuable insights into the varying tax landscape across Victoria County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Port Lavaca Tax Rate
1.14%
Average Victoria County Tax Rate
1.42%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Port Lavaca, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77979 | 0.23% | 0.58% | 1.14% | 1.47% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Port Lavaca, Texas
In Port Lavaca, 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 Victoria 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 Port Lavaca, 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. For instance, in the 77979 zip code, the median tax bill is $1,659. Being aware of these valuation processes in Port Lavaca helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Port Lavaca Assessed Value
$176,015
Average Victoria County Assessed Value
$175,870
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Port Lavaca, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77979 | $39,935 | $55,300 | $176,015 | $418,532 | $593,563 |
Source: Ownwell
Property Tax Bills Across Port Lavaca, Texas
In Port Lavaca, TX, property tax bills are determined based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to calculate the final tax bill. Various factors influence the assessed value, including property size, location, and condition. For homeowners in Port Lavaca, the median home price stands at $176,015. Tax bills can vary significantly, with the 25th percentile tax bill at $960 and the 75th percentile reaching $4,762. The 90th percentile tax bill can go as high as $6,549. These figures indicate a wide range in property tax obligations, reflecting differences in property values and specific local tax rates. The highest and lowest median tax bills in the area are both reported at $1,659, highlighting some consistency within the region. Understanding how property tax bills are calculated helps homeowners anticipate their annual expenses and plan their budgets accordingly, ensuring they are well-prepared for their financial obligations.
Average Port Lavaca Tax Bill
$1,659
Average Victoria County Tax Bill
$2,280
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Lavaca, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77979 | $386 | $960 | $1,659 | $4,762 | $6,549 |
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 | |
|---|---|
| Victoria Appraisal District | |
| Website | propaccess.trueautomation.com |