Mercedes, Texas Property Taxes
The median property tax rate in Mercedes, TX is 1.18%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Mercedes at $96,726, the typical annual property tax bill amounts to $1,643, which is below the national median of $2,690. Property taxes in Mercedes are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural land. Understanding Mercedes' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Mercedes or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mercedes, 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 Mercedes, Texas Tax Savings
Ownwell’s Mercedes Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mercedes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mercedes 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 Mercedes. 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 Mercedes, Texas
Property taxes in Mercedes, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mercedes is 1.18%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Mercedes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mercedes 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 Mercedes's effective property tax rate to other counties in Texas and the national median. For comparison, the 78570 zip code has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Mercedes 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 Mercedes Tax Rate
1.18%
Average Cameron County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mercedes, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78570 | 0.49% | 1.03% | 1.18% | 1.70% | 1.75% |
Source: Ownwell
$1,148
Average Mercedes Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mercedes, Texas
In Mercedes, 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 Mercedes, 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. For instance, the median home price in Mercedes is $96,726, with tax bills ranging from $1,120 at the 25th percentile to $4,303 at the 90th percentile. The zip code 78570 has the highest median tax bill at $1,643. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mercedes Assessed Value
$96,726
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 Mercedes, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78570 | $59,914 | $62,532 | $96,726 | $286,421 | $378,731 |
Source: Ownwell
$1,148
Average Mercedes Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mercedes, Texas
In Mercedes, property tax bills are calculated based on the assessed value of the property, which is determined by the Cameron County appraisal district. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $96,726, property tax bills can vary significantly. The 25th percentile tax bill is around $1,120, while the 75th percentile reaches $2,962, and the 90th percentile can be as high as $4,303. These variations depend on factors such as property size, location, and improvements. High property tax bills can be a financial burden for homeowners in Mercedes. This is where Ownwell steps in to help. Our property tax consulting services specialize in appealing over-assessments and securing exemptions, potentially saving homeowners a significant amount on their tax bills. By leveraging our expertise, homeowners can ensure they are not overpaying and can keep more of their hard-earned money.
Average Mercedes Tax Bill
$1,643
Average Cameron County Tax Bill
$1,460
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mercedes, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78570 | $492 | $1,120 | $1,643 | $2,962 | $4,303 |
Source: Ownwell
$1,148
Average Mercedes 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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