La Paloma, Texas Property Taxes
The median property tax rate in LA PALOMA, TX is 1.76%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in LA PALOMA, the typical annual property tax bill reaches $464, which is significantly lower than the national median of $2,690. Property taxes in LA PALOMA 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 LA PALOMA'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 LA PALOMA 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
La Paloma, 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 La Paloma, Texas Tax Savings
Ownwell’s LA PALOMA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA PALOMA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA PALOMA 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 LA PALOMA. 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 La Paloma, Texas
Property taxes in LA PALOMA, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA PALOMA is 1.76%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within LA PALOMA set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA PALOMA 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 LA PALOMA's effective property tax rate to other counties in Texas and the national median. For comparison, the 78586 zip code has the highest median property tax rate of 1.76%, while the 78586 zip code also has the lowest median tax rate of 1.76%. Understanding how these cities compare with LA PALOMA 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 La Paloma Tax Rate
1.76%
Average Cameron County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Paloma, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78586 | 0.40% | 0.63% | 1.76% | 2.01% | 2.63% |
Source: Ownwell
$1,148
Average La Paloma Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across La Paloma, Texas
In LA PALOMA, 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 LA PALOMA, 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. The median home price in LA PALOMA is $48,858, with tax bills varying significantly. For instance, the 25th percentile tax bill is $249, while the 75th percentile tax bill reaches $1,056, and the 90th percentile tax bill is $1,711. 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 LA PALOMA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average La Paloma Assessed Value
$48,858
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 La Paloma, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78586 | $10,000 | $25,277 | $48,858 | $75,000 | $81,427 |
Source: Ownwell
$1,148
Average La Paloma Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across La Paloma, Texas
Property tax bills in LA PALOMA, located in Cameron County, TX, are determined by multiplying the assessed value of a property by the local tax rate. For instance, with a median home price of $48,858, homeowners can expect varying tax bills. The 25th percentile tax bill is around $249, while the 75th percentile reaches $1,056, and the 90th percentile can be as high as $1,711. These figures highlight the significant impact property taxes can have on homeowners' finances, especially when compared to the national median property tax rate of 0.99%. Various factors, including property size, location, and improvements, influence the assessed value, and consequently, the tax bill. Ownwell offers property tax appeal and exemption services to help homeowners reduce these costs. By leveraging local expertise and a deep understanding of tax regulations, Ownwell identifies potential savings and guides homeowners through the appeal process, ensuring they pay only their fair share. This service can be a financial relief for many, potentially saving hundreds or even thousands annually.
Average La Paloma Tax Bill
$464
Average Cameron County Tax Bill
$1,460
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across La Paloma, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78586 | $151 | $249 | $464 | $1,056 | $1,711 |
Source: Ownwell
$1,148
Average La Paloma 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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