Ovalo, Callahan County, Texas Property Taxes
The median property tax rate in Ovalo, TX is 1.07%, 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 $250,365 in Ovalo, the typical annual property tax bill is $2,191, which is below the national median of $2,690. Property taxes in Ovalo are calculated based on the tax assessed value, which often remains lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ovalo'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 Ovalo or another part of Callahan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ovalo, Callahan County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,679
$2,486
Ownwell’s Ovalo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ovalo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ovalo 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 Ovalo, Callahan County, Texas
Property taxes in Ovalo, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ovalo is 1.07%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Ovalo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ovalo 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 Ovalo's effective property tax rate to other counties in Texas and the national median. For comparison, the 79541 zip code has the highest median property tax rate of 1.07%, while the 79541 zip code has the lowest median tax rate of 1.07%. Understanding how these cities compare with Ovalo provides valuable insights into the varying tax landscape across Callahan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ovalo Tax Rate
1.07%
Average Callahan County Tax Rate
1.46%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ovalo, Callahan County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79541 | 0.39% | 0.86% | 1.07% | 1.21% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Ovalo, Callahan County, Texas
In Ovalo, 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 Callahan 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 Ovalo, 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 example, the median home price is $250,365, and tax bills can range significantly. The 25th percentile tax bill is $1,562, while the 75th percentile tax bill is $2,777. The highest median tax bill is $2,191 in the 79541 zip code, which also has the lowest median tax bill of $2,191. 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.
Property Tax Assessment Values Across Ovalo, Callahan County, Texas
Source: Ownwell
$89,680
$170,023
$250,365
Average Ovalo Assessed Value
$250,365
Average Callahan County Assessed Value
$107,800
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ovalo, Callahan County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79541 | $110,764 | $161,445 | $250,365 | $398,822 | $572,699 |
Source: Ownwell
Property Tax Bills Across Ovalo, Callahan County, Texas
In Ovalo, located in Callahan County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Ovalo experience a range of property tax bills depending on the value of their homes. For instance, the tax bill at the 25th percentile is $1,562, while at the 75th percentile, it rises to $2,777. The tax bill for the 90th percentile reaches $5,116. The median home price in Ovalo is $250,365, which helps set the baseline for these calculations. Compared to the national median property tax rate of 0.99%, the property taxes in this area can vary significantly, impacting homeowners differently based on their property's assessed value. Understanding these factors is crucial for homeowners as it directly influences their annual financial planning and overall cost of homeownership.
Average Ovalo Tax Bill
$2,191
Average Callahan County Tax Bill
$1,364
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ovalo, Callahan County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79541 | $1,102 | $1,562 | $2,191 | $2,777 | $5,116 |
Source: Ownwell