Bandera, Texas Property Taxes
The median property tax rate in Bandera, TX is 1.09%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $154,330 in Bandera, the typical annual property tax bill is $1,225, which is below the national median of $2,690. Property taxes in Bandera 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 Bandera'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 Bandera 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
Bandera, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,682
$1,556
Ownwell’s Bandera Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bandera with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bandera 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 Bandera, Texas
Property taxes in Bandera, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bandera is 1.09%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bandera set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bandera 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 Bandera's effective property tax rate to other counties in Texas and the national median. For comparison, the 78003 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Bandera provides valuable insights into the varying tax landscape across Bandera County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bandera Tax Rate
1.09%
Average Bandera County Tax Rate
1.14%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bandera, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78003 | 0.27% | 0.69% | 1.09% | 1.47% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Bandera, Texas
In Bandera, 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 Bandera 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 Bandera, 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 in Bandera helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Bandera, the zip code 78003 has the highest and lowest median tax bill of $1,225, reflecting the area's diverse property values and tax scenarios.
Average Bandera Assessed Value
$154,330
Average Bandera County Assessed Value
$139,145
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bandera, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78003 | $21,619 | $52,732 | $154,330 | $329,872 | $515,729 |
Source: Ownwell
Property Tax Bills Across Bandera, Texas
Property tax bills in Bandera, TX, are determined by assessing the market value of a property and applying the local tax rate. The assessed value is based on the median home price, which in Bandera is $154,330. This value is then multiplied by the tax rate to calculate the annual tax bill. Homeowners in Bandera can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $384, while the 75th percentile reaches $2,961. At the higher end, the 90th percentile tax bill can be as much as $5,033. Comparatively, Bandera's property tax rate is influenced by local levies and assessments, which can differ from the national median property tax rate of 0.99%. Homeowners in Bandera should be aware of these variations as they directly affect their annual financial obligations. Understanding these factors helps homeowners better anticipate their tax liabilities and plan accordingly.
Average Bandera Tax Bill
$1,225
Average Bandera County Tax Bill
$1,165
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bandera, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78003 | $140 | $384 | $1,225 | $2,961 | $5,033 |
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 | |
|---|---|
| Bandera Appraisal District | |
| Website | esearch.bancad.org |