Encino, Texas Property Taxes
The median property tax rate in Encino, TX is 1.54%, which is considerably higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With the median home value in Encino being $37,521, the typical annual property tax bill reaches $371, significantly lower than the national median of $2,690. Property taxes in Encino 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 Encino'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 Encino 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
Encino, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$578
$536
Ownwell’s Encino Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Encino with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Encino 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 Encino, Texas
Property taxes in Encino, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Encino is 1.54%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Encino set these rates annually, and they can vary significantly across different neighborhoods. Each year, Encino 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 Encino's effective property tax rate to other counties in Texas and the national median. For comparison, the 78353 zip code has the highest median property tax rate of 1.54%, while the 78353 zip code has the lowest median tax rate of 1.54%. Understanding how these cities compare with Encino provides valuable insights into the varying tax landscape across Brooks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Encino Tax Rate
1.54%
Average Brooks County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Encino, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78353 | 0.17% | 0.53% | 1.54% | 2.33% | 2.33% |
Source: Ownwell
Property Tax Assessment Values Across Encino, Texas
In Encino, 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 Brooks 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 Encino, 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. The zip code with the highest median tax bill in Encino is 78353, with a median bill of $371. Being aware of these valuation processes in Encino helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Encino Assessed Value
$37,521
Average Brooks County Assessed Value
$35,542
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Encino, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78353 | $8,524 | $15,596 | $37,521 | $69,704 | $159,169 |
Source: Ownwell
Property Tax Bills Across Encino, Texas
In Encino, located in Brooks County, TX, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of the home. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $37,521, homeowners can expect varying tax bills. The 25th percentile tax bill is around $160, while the 75th percentile tax bill reaches $888. At the 90th percentile, the tax bill can be as high as $2,171. These figures illustrate the range of tax burdens homeowners might face, depending on their property's assessed value and specific local tax rates. Compared to the national median property tax rate of 0.99%, homeowners in Encino experience a relatively moderate tax burden. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Encino Tax Bill
$371
Average Brooks County Tax Bill
$477
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Encino, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78353 | $37 | $160 | $371 | $888 | $2,171 |
Source: Ownwell