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Somerset, Bexar County, Texas Property Taxes

  • Median Somerset, TX effective property tax rate: 2.27%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Somerset, TX home value: $145,630

  • Median annual Somerset, TX tax bill: $3,103, $703 higher than the national median property tax bill of $2,400.

How are property taxes in Bexar calculated?

Property taxes in Somerset, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Somerset’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Somerset, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Somerset, Bexar County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.27%

Estimate Property Tax Bill

$3,306

$3,068

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Somerset Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Somerset with just two data points. By entering your property's estimated assessed value, our calculator applies Somerset’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bexar County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Somerset, Bexar County, Texas

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Somerset’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

Property Tax Rates Across Somerset, Bexar County, Texas

Source: Ownwell

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1.63%

2.06%

2.49%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Somerset Tax Rate

2.27%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Bexar County Tax Rate

2.03%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Somerset, Bexar County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
780691.53%1.92%2.27%2.68%2.68%
78073N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Somerset, Bexar County, Texas

When examining property taxes in Somerset, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bexar County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Bexar County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Somerset. For example, the median home price in Somerset is $145,630, with tax bills ranging significantly across the county. Zip code 78069 has the highest median home price at $145,630.

Property Tax Assessment Values Across Somerset, Bexar County, Texas

Source: Ownwell

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$108,110

$874,898

$1,641,685

Median Somerset Market Value

$145,630

Median Bexar County Market Value

$265,000

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Somerset, Bexar County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
78069$46,648$88,310$145,630$245,560$362,258
78073N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Somerset, Bexar County, Texas

In Somerset, located in Bexar County, TX, property tax bills are determined by the assessed value of a homeowner's property and the applicable tax rate. The assessed value is typically a percentage of the property's market value, and local tax authorities set the tax rate. With a median home price of $145,630, Somerset homeowners experience tax bills that can vary widely. For instance, the 25th percentile tax bill is $1,850, while the 75th percentile reaches $4,954. The 90th percentile can be as high as $7,536, illustrating the significant impact of property taxes on household budgets. The median tax bill in Somerset is $3,103, which is above the national median of $2,400. Homeowners in Somerset face a higher tax burden compared to many other regions. Ownwell offers a valuable service by helping homeowners appeal their property tax assessments, potentially lowering their tax bills. By providing expert analysis and handling the appeal process, Ownwell can help residents save significantly on their property taxes.

Property Tax Bills Across Somerset, Bexar County, Texas

Source: Ownwell

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$2,020

$17,997

$33,973

Median Somerset Tax Bill

$3,103

Median Bexar County Tax Bill

$5,362

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Somerset, Bexar County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
78069$895$1,850$3,103$4,954$7,536
78073N/AN/AN/AN/AN/A

Source: Ownwell

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