Los Indios, Texas Property Taxes
The median property tax rate in Los Indios, TX is 1.72%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $48,678 in Los Indios, the typical annual property tax bill amounts to $552, surpassing the national median of $2,690. Property taxes in Los Indios are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Los Indios's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Los Indios or another part of the city, familiarizing yourself with the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Los Indios, 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 Los Indios, Texas Tax Savings
Ownwell’s LOS INDIOS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LOS INDIOS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LOS INDIOS 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 INDIOS. 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 Indios, Texas
Property taxes in Los Indios, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Los Indios is 1.72%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Los Indios set these rates annually, and they can vary significantly across different neighborhoods. Each year, Los Indios 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 Indios's effective property tax rate to other counties in Texas and the national median. For comparison, the 78567 zip code has the highest median property tax rate of 1.72%, while the 78567 zip code also has the lowest median tax rate of 1.72%. Understanding how these cities compare with Los Indios 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 Indios Tax Rate
1.72%
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 Indios, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78567 | 0.60% | 0.84% | 1.72% | 2.01% | 2.41% |
Source: Ownwell
$1,148
Average Los Indios Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Los Indios, Texas
In Los Indios, 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 Indios, 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 Los Indios helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $552, found in zip code 78567, highlighting the uniformity in property tax assessments within this region.
Average Los Indios Assessed Value
$48,678
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 Indios, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78567 | $3,593 | $21,650 | $48,678 | $78,230 | $110,911 |
Source: Ownwell
$1,148
Average Los Indios Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Los Indios, Texas
In Los Indios, located in Cameron County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Los Indios is $48,678, and the property tax rate is determined by local taxing authorities. Homeowners in this area can expect tax bills that vary significantly, with the 25th percentile at $239 and the 75th percentile reaching $961. The highest median tax bill in the area is $552, which is relatively modest compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including property value assessments and local tax rates. These taxes can significantly impact homeowners, especially if property values increase. Ownwell offers a valuable service by helping homeowners appeal their property tax assessments and secure exemptions. By leveraging expert knowledge and experience, Ownwell can potentially reduce property tax bills, providing financial relief and ensuring homeowners only pay their fair share.
Average Los Indios Tax Bill
$552
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 Indios, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78567 | $44 | $239 | $552 | $961 | $1,641 |
Source: Ownwell
$1,148
Average Los Indios 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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