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Olmito, Cameron County, Texas Property Taxes

  • Median Olmito, TX effective property tax rate: 1.59%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Olmito, TX home value: $159,135

  • Median annual Olmito, TX tax bill: $1,825, $575 lower than the national median property tax bill of $2,400.

How are property taxes in Cameron County calculated?

Property taxes in Olmito, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Olmito’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Olmito, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Olmito, Cameron County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.59%

Estimate Property Tax Bill

$2,530

$2,348

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Olmito Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Olmito with just two data points.

By entering your property's estimated assessed value, our calculator applies Olmito’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Cameron County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Olmito, Cameron County, Texas

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Olmito’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

Olmito, located in Cameron County, has a median property tax rate of 1.59%, which is notably higher than the national median of 1.02%. This means property owners in Olmito may face higher tax bills compared to many other areas across the country. However, it’s important to consider the benefits these taxes provide, such as funding for local schools, infrastructure, and public services. By understanding how these rates are determined and how they compare, property owners can make informed decisions about their investments and potential appeals.

Property Tax Rates Across Olmito, Cameron County, Texas

Source: Ownwell

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1.37%

1.85%

2.33%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Olmito Tax Rate

1.59%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Cameron County Tax Rate

1.63%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Olmito, Cameron County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
785750.71%1.19%1.59%1.90%2.13%

Source: Ownwell

Property Tax Assessment Values Across Olmito, Cameron County, Texas

When examining property taxes in Olmito, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Cameron County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Cameron County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Olmito. For example, the median home price in Olmito is $159,135, with tax bills ranging significantly across the county. Zip code 78575 has the highest median home price at $159,135.

Property Tax Assessment Values Across Olmito, Cameron County, Texas

Source: Ownwell

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$32,214

$231,031

$429,847

Median Olmito Market Value

$159,135

Median Cameron County Market Value

$166,385

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Olmito, Cameron County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
78575$44,716$84,904$159,135$289,836$374,241

Source: Ownwell

Property Tax Bills Across Olmito, Cameron County, Texas

In Olmito, Cameron County, TX, property tax bills are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the market value of the property, which is determined by the Cameron County Appraisal District. The local tax rate is applied to this assessed value to calculate the tax bill. Factors such as property location, size, and improvements can influence the assessed value. The median property tax bill in Olmito is $1,825, which is below the national median of $2,400. However, tax bills can range significantly, with the 25th percentile at $770 and the 75th percentile reaching $4,324. These taxes can be a burden for homeowners, especially when unexpected increases occur. Ownwell offers services to help homeowners reduce their property tax bills through appeals and exemptions. By leveraging expertise in property tax law and local market conditions, Ownwell can identify opportunities for savings, ensuring homeowners pay only their fair share.

Property Tax Bills Across Olmito, Cameron County, Texas

Source: Ownwell

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$294

$3,420

$6,546

Median Olmito Tax Bill

$1,825

Median Cameron County Tax Bill

$1,802

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Olmito, Cameron County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
78575$289$770$1,825$4,324$7,382

Source: Ownwell

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