Rancho Viejo, Texas Property Taxes
The median property tax rate in Rancho Viejo, TX is 1.63%, notably higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With a median home value of $247,994 in Rancho Viejo, the typical annual property tax bill reaches $3,850, significantly exceeding the national median of $2,690. Property taxes in Rancho Viejo are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Rancho Viejo'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 Rancho Viejo or another part of Cameron County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rancho Viejo, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$4,042
$3,751
$1,148
Average Tax Savings
Ownwell’s Rancho Viejo Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rancho Viejo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rancho Viejo 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 Rancho Viejo. 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 Rancho Viejo, Texas
Property taxes in Rancho Viejo, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rancho Viejo is 1.63%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Rancho Viejo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rancho Viejo 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 Rancho Viejo's effective property tax rate to other counties in Texas and the national median. For comparison, the 78575 zip code has the highest median property tax rate of 1.63%, while the same zip code also has the lowest median tax rate of 1.63%. Understanding how these cities compare with Rancho Viejo 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 Rancho Viejo Tax Rate
1.63%
Average Cameron County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rancho Viejo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78575 | 1.06% | 1.33% | 1.63% | 2.05% | 2.24% |
Source: Ownwell
$1,148
Average Rancho Viejo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Rancho Viejo, Texas
In Rancho Viejo, 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 Rancho Viejo, 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 Rancho Viejo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3850 in zip code 78575, which is also the lowest median tax bill, highlighting a uniformity in tax burdens within the region.
Average Rancho Viejo Assessed Value
$247,994
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 Rancho Viejo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78575 | $120,878 | $168,016 | $247,994 | $315,783 | $402,184 |
Source: Ownwell
$1,148
Average Rancho Viejo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Rancho Viejo, Texas
In Rancho Viejo, located in Cameron County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. Homeowners in Rancho Viejo face varying tax bills, with the 25th percentile at $2,305 and the 75th percentile reaching $6,008. The highest median tax bill in the area is $3,850, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. High property taxes can significantly impact homeowners, making it essential to ensure that the assessed value is accurate and fair. Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially lower their tax bills. By leveraging expertise in local property tax laws and market trends, Ownwell can identify discrepancies in assessed values and file appeals on behalf of homeowners, leading to substantial savings on their annual property tax obligations.
Average Rancho Viejo Tax Bill
$3,850
Average Cameron County Tax Bill
$1,460
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rancho Viejo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78575 | $1,626 | $2,305 | $3,850 | $6,008 | $7,992 |
Source: Ownwell
$1,148
Average Rancho Viejo 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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