San Felipe, Texas Property Taxes
The median property tax rate in San Felipe, TX is 1.71%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in San Felipe at $98,398, the typical annual property tax bill reaches $1,543, exceeding the national median of $2,690. Property taxes in San Felipe 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 San Felipe'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 San Felipe 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
San Felipe, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$1,683
$1,561
Ownwell’s SAN FELIPE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SAN FELIPE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SAN FELIPE 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 San Felipe, Texas
Property taxes in San Felipe, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in San Felipe is 1.71%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within San Felipe set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Felipe 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 San Felipe's effective property tax rate to other counties in Texas and the national median. For comparison, the 77473 zip code has the highest median property tax rate of 1.71%, while the same zip code also has the lowest median tax rate of 1.71%. Understanding how these cities compare with San Felipe provides valuable insights into the varying tax landscape across Austin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average San Felipe Tax Rate
1.71%
Average Austin County Tax Rate
1.51%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across San Felipe, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77473 | 0.82% | 1.53% | 1.71% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across San Felipe, Texas
In San Felipe, 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 Austin 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 San Felipe, 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 instance, the median home price is $98,398, with tax bills ranging from $761 at the 25th percentile to $5,811 at the 90th percentile. The zip code with the highest median tax bill is 77473, amounting to $1,543. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average San Felipe Assessed Value
$98,398
Average Austin County Assessed Value
$237,942
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across San Felipe, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77473 | $34,893 | $53,963 | $98,398 | $191,027 | $356,444 |
Source: Ownwell
Property Tax Bills Across San Felipe, Texas
In San Felipe, located in Austin County, 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, which evaluates properties annually to reflect current market conditions. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in San Felipe, the median home price is $98,398. Property tax bills can vary significantly, with the 25th percentile tax bill at $761 and the 75th percentile reaching $3,014. At the higher end, the 90th percentile tax bill can be as much as $5,811. Comparatively, the median property tax rate in San Felipe is higher than the national median of 0.99%, impacting homeowners' annual expenses. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly affecting the community's quality of life. Understanding how property taxes are calculated helps homeowners anticipate their annual financial obligations and plan accordingly.
Average San Felipe Tax Bill
$1,543
Average Austin County Tax Bill
$2,796
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across San Felipe, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77473 | $340 | $761 | $1,543 | $3,014 | $5,811 |
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 | |
|---|---|
| Austin Appraisal District | |
| Website | esearch.austincad.org |