El Ranchitos, Texas Property Taxes
The median property tax rate in El Ranchitos, TX is 1.19%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in El Ranchitos at $141,166, the typical annual property tax bill amounts to $1,686, still below the national median of $2,690. Property taxes in El Ranchitos are calculated based on the assessed value, which is often less than the market value due to exemptions such as the primary residence and agricultural exemptions. By understanding El Ranchitos's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve significant annual savings. Whether you're in the heart of El Ranchitos or another part of Cameron County, gaining insight into the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
El Ranchitos, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average El Ranchitos, Texas Tax Savings
Ownwell’s EL RANCHITOS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EL RANCHITOS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EL RANCHITOS 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 EL RANCHITOS. 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 El Ranchitos, Texas
Property taxes in EL RANCHITOS, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in EL RANCHITOS is 1.19%, higher than both the Texas state median of 1.6% and the U.S. national median of 0.99%. Local government entities within EL RANCHITOS set these rates annually, and they can vary significantly across different neighborhoods. Each year, EL RANCHITOS 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 EL RANCHITOS's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in Texas is found in 77494 with a rate of 3.48%, while the lowest is in 79854 at 0.18%. Understanding how these cities compare with EL RANCHITOS provides valuable insights into the varying tax landscape across Cameron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average El Ranchitos Tax Rate
1.19%
Average Cameron County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across El Ranchitos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average El Ranchitos Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across El Ranchitos, Texas
In EL RANCHITOS, 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 Cameron 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 EL RANCHITOS, 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. For example, while the median home price in EL RANCHITOS is $141,166, the annual tax bill can vary significantly. The zip code with the highest tax bill is 78586, with a tax bill of $1,686, while the zip code with the lowest is also 78586, with a tax bill of $1,686. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average El Ranchitos Assessed Value
$141,166
Average Cameron County Assessed Value
$129,230
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across El Ranchitos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average El Ranchitos Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across El Ranchitos, Texas
In El Ranchitos, Cameron County, TX, property tax bills are calculated based on the assessed value of your home. The county assesses the market value of properties, and this assessed value is then multiplied by the local tax rate to determine your tax bill. For instance, with a median home price of $141,166, homeowners typically face a tax bill around $1,686, which is consistent across various percentiles. Factors that influence your property tax bill include the market value of your home, local tax rates, and any applicable exemptions. High property taxes can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Ownwell specializes in property tax appeals and exemptions, helping homeowners in El Ranchitos potentially reduce their tax burden. By analyzing your property's assessed value and comparing it to similar homes, Ownwell can identify discrepancies and file appeals on your behalf. This service ensures you are not overpaying and helps you save money on your property tax bills.
Average El Ranchitos Tax Bill
$1,686
Average Cameron County Tax Bill
$1,460
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across El Ranchitos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average El Ranchitos 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 | |
|---|---|
| Cameron Appraisal District | |
| Phone | (956) 399-9322 |
| Website | cameron.prodigycad.com |
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