Leon Valley, Texas Property Taxes
The median property tax rate in Leon Valley, TX is 2.24%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Leon Valley at $233,530, the typical annual property tax bill reaches $4,890, exceeding the national median of $2,690. Property taxes in Leon Valley 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 Leon Valley'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 Leon Valley 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
Leon Valley, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.24%
Estimate Property Tax Bill
$5,231
$4,854
$1,148
Average Tax Savings
Ownwell’s Leon Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leon Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leon Valley to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Leon Valley. 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 Leon Valley, Texas
Property taxes in Leon Valley, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leon Valley is 2.24%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Leon Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leon Valley 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 Leon Valley's effective property tax rate to other counties in Texas and the national median. For comparison, the 78238 zip code has the highest median property tax rate of 2.24%, while the 78240 zip code has the lowest median tax rate of 2.13%. Understanding how these cities compare with Leon Valley provides valuable insights into the varying tax landscape across Bexar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leon Valley Tax Rate
2.24%
Average Bexar County Tax Rate
2.03%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leon Valley, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78238 | 2.24% | 2.24% | 2.24% | 2.24% | 2.24% |
| 78240 | 1.99% | 2.07% | 2.13% | 2.24% | 2.24% |
Source: Ownwell
$1,148
Average Leon Valley Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Leon Valley, Texas
In Leon Valley, 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 Bexar 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 Leon Valley, 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 in Leon Valley is $233,530, with the 25th percentile tax bill at $4,427 and the 75th percentile tax bill at $5,909. The highest median tax bill is found in the 78238 zip code at $5,936, while the lowest is in the 78240 zip code at $4,867. 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 Leon Valley Assessed Value
$233,530
Average Bexar County Assessed Value
$265,000
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leon Valley, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78238 | $95,706 | $135,405 | $265,000 | $488,940 | $569,250 |
| 78240 | $191,210 | $224,592 | $231,765 | $256,730 | $272,720 |
Source: Ownwell
$1,148
Average Leon Valley Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Leon Valley, Texas
In Leon Valley, located in Bexar County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $233,530, homeowners in Leon Valley face varying tax bills. The 25th percentile tax bill is around $4,427, while the 75th percentile reaches $5,909, and the 90th percentile hits $6,575. These figures are notably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value and applicable exemptions. Higher assessed values and fewer exemptions lead to steeper tax bills, impacting homeowners' financial burdens. For instance, the highest median tax bill in the area is $5,936 in the 78238 zip code, while the lowest is $4,867 in the 78240 zip code. Ownwell can assist homeowners in Leon Valley by identifying potential savings through property tax appeals and exemptions. By leveraging expert knowledge and experience, Ownwell helps reduce the assessed value or secure eligible exemptions, ultimately lowering the property tax burden for homeowners.
Average Leon Valley Tax Bill
$4,890
Average Bexar County Tax Bill
$5,362
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Leon Valley, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78238 | $2,144 | $3,033 | $5,936 | $10,951 | $12,750 |
| 78240 | $3,657 | $4,482 | $4,867 | $5,750 | $6,033 |
Source: Ownwell
$1,148
Average Leon Valley Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Bexar Appraisal District | |
| Phone | (210) 335-2251 |
| Website | esearch.bcad.org |
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