Los Fresnos, Texas Property Taxes
The median property tax rate in Los Fresnos, TX is 1.13%, slightly above the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $126,545 in Los Fresnos, the typical annual property tax bill is approximately $1,231, which is below the national median of $2,690. Property taxes in Los Fresnos are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Los Fresnos'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 Los Fresnos 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
Los Fresnos, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$1,430
$1,327
$1,148
Average Tax Savings
Ownwell’s LOS FRESNOS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LOS FRESNOS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LOS FRESNOS 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 LOS FRESNOS. 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 Los Fresnos, Texas
Property taxes in Los Fresnos, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Los Fresnos is 1.13%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Los Fresnos set these rates annually, and they can vary significantly across different neighborhoods. Each year, Los Fresnos 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 Los Fresnos'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 1.13%, while the 78566 zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Los Fresnos 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 Los Fresnos Tax Rate
1.13%
Average Cameron County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Los Fresnos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78566 | 0.45% | 0.71% | 1.13% | 1.50% | 1.83% |
| 78586 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Los Fresnos Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Los Fresnos, Texas
In Los Fresnos, 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 Los Fresnos, 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. The highest and lowest median tax bills in Los Fresnos are both $1,231, found in zip code 78566. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Los Fresnos Assessed Value
$126,545
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 Los Fresnos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78566 | $33,519 | $65,548 | $126,545 | $199,525 | $307,293 |
| 78586 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Los Fresnos Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Los Fresnos, Texas
Property tax bills in Los Fresnos, located in Cameron County, TX, are calculated based on the assessed value of your home and the local tax rate. The median home price in Los Fresnos is $126,545, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $535, while at the 75th percentile, it reaches $2,440, and at the 90th percentile, it can go up to $4,042. These figures highlight the variability and potential burden on homeowners. Factors such as market value, local tax rates, and applicable exemptions all play a role in determining your final tax bill. Compared to the national median property tax rate of 0.99%, Los Fresnos homeowners may find themselves paying a significant amount, particularly if their property's assessed value is high. Ownwell can assist homeowners in Los Fresnos by providing expert property tax appeal and exemption services. By challenging inaccurate assessments and identifying eligible exemptions, Ownwell can help reduce your property tax bill, ensuring you only pay your fair share.
Average Los Fresnos Tax Bill
$1,231
Average Cameron County Tax Bill
$1,460
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Los Fresnos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78566 | $232 | $535 | $1,231 | $2,440 | $4,042 |
| 78586 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Los Fresnos 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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