Laguna Heights, Texas Property Taxes
The median property tax rate in Laguna Heights, TX is 1.73%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Laguna Heights, the typical annual property tax bill reaches $217, which is significantly lower than the national median of $2,690. Property taxes in Laguna Heights 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 Laguna Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Laguna Heights 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
Laguna Heights, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$221
$205
$1,148
Average Tax Savings
Ownwell’s Laguna Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laguna Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laguna Heights 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 Laguna Heights. 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 Laguna Heights, Texas
Property taxes in Laguna Heights, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laguna Heights is 1.73%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Laguna Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laguna Heights 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 Laguna Heights' effective property tax rate to other counties in Texas and the national median. For comparison, the 78578 zip code has the highest median property tax rate of 1.73%, while the 78578 zip code has the lowest median tax rate of 1.73%. Understanding how these cities compare with Laguna Heights 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 Laguna Heights Tax Rate
1.73%
Average Cameron County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laguna Heights, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78578 | 0.78% | 1.46% | 1.73% | 1.77% | 2.19% |
Source: Ownwell
$1,148
Average Laguna Heights Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Laguna Heights, Texas
In Laguna Heights, 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 Laguna Heights, 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 Laguna Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 78578 has the highest and lowest median tax bills, both at $217. This highlights the importance of understanding local tax dynamics to make informed decisions.
Average Laguna Heights Assessed Value
$12,794
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 Laguna Heights, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78578 | $2,580 | $4,543 | $12,794 | $51,784 | $113,208 |
Source: Ownwell
$1,148
Average Laguna Heights Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Laguna Heights, Texas
In Laguna Heights, Cameron County, TX, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in this area is $12,794, and the property tax rate is applied to this assessed value to calculate the tax bill. Factors influencing the tax bill include property size, location, and any applicable exemptions. Homeowners in Laguna Heights face varying tax bills, with the 25th percentile at $88 and the 75th percentile at $599, while the 90th percentile reaches $1,276. These property tax bills can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Ownwell assists homeowners by providing property tax appeal and exemption services to ensure they are not overpaying. By leveraging local expertise and a thorough understanding of tax regulations, Ownwell can help reduce property tax bills, offering substantial savings and financial relief to homeowners in Laguna Heights.
Average Laguna Heights Tax Bill
$217
Average Cameron County Tax Bill
$1,460
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Laguna Heights, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78578 | $46 | $88 | $217 | $599 | $1,276 |
Source: Ownwell
$1,148
Average Laguna Heights 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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