Indian Lake, Texas Property Taxes
The median property tax rate in Indian Lake, TX is 1.32%, 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 Indian Lake at $31,713, the typical annual property tax bill amounts to $467, significantly below the national median of $2,690. Property taxes in Indian Lake are based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Indian Lake's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Indian Lake or another part of Cameron County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Indian Lake, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$419
$388
$1,148
Average Tax Savings
Ownwell’s Indian Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Indian Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Indian Lake 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 Indian Lake. 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 Indian Lake, Texas
Property taxes in Indian Lake, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Indian Lake is 1.32%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Indian Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Indian Lake 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 Indian Lake's effective property tax rate to other counties in Texas and the national median. For comparison, the 78566 zip code has the highest median property tax rate of 1.32%, while the 78566 zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Indian Lake 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 Indian Lake Tax Rate
1.32%
Average Cameron County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Indian Lake, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78566 | 0.91% | 0.94% | 1.32% | 1.94% | 2.34% |
Source: Ownwell
$1,148
Average Indian Lake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Indian Lake, Texas
In Indian Lake, 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 Indian Lake, 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. Being aware of these valuation processes in Indian Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $31,713, with the highest and lowest median tax bills both being $467 in the 78566 zip code.
Average Indian Lake Assessed Value
$31,713
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 Indian Lake, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78566 | $16,394 | $20,059 | $31,713 | $69,096 | $88,221 |
Source: Ownwell
$1,148
Average Indian Lake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Indian Lake, Texas
In Indian Lake, TX, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. For homeowners here, the median home price is $31,713, and tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $294, while at the 75th percentile, it rises to $608. The 90th percentile sees tax bills as high as $945. These figures reflect the assessed value and the applicable tax rate for Cameron County. Factors influencing the tax bill include the home's assessed value and the local tax rate. Compared to the national median property tax rate of 0.99%, homeowners in Indian Lake may find their tax rates relatively manageable. However, any increase in assessed value or changes in tax rates can impact the tax bill. Ownwell can assist homeowners in Indian Lake by providing expert property tax appeal services. By ensuring that the assessed value of your property is fair and accurate, Ownwell helps reduce your tax burden, potentially saving you hundreds of dollars annually.
Average Indian Lake Tax Bill
$467
Average Cameron County Tax Bill
$1,460
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Indian Lake, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78566 | $175 | $294 | $467 | $608 | $945 |
Source: Ownwell
$1,148
Average Indian Lake 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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