Rio Hondo, Texas Property Taxes
The median property tax rate in Rio Hondo, TX is 1.34%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $76,526 in Rio Hondo, the typical annual property tax bill amounts to $873, significantly below the national median of $2,690. Property taxes in Rio Hondo are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural use. By understanding Rio Hondo's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in the heart of Rio Hondo or another part of the city, a thorough understanding of the local property tax system is beneficial.
Last Updated June 14, 2024
Rio Hondo, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$1,025
$952
$1,148
Average Tax Savings
Ownwell’s Rio Hondo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rio Hondo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rio Hondo 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 Rio Hondo. 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 Rio Hondo, Texas
Property taxes in Rio Hondo, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rio Hondo is 1.34%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Rio Hondo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rio Hondo 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 Rio Hondo's effective property tax rate to other counties in Texas and the national median. For comparison, the 78583 zip code has the highest median property tax rate of 1.34%, while the 78583 zip code has the lowest median tax rate of 1.34%. Understanding how these cities compare with Rio Hondo 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 Rio Hondo Tax Rate
1.34%
Average Cameron County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rio Hondo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78583 | 0.50% | 0.82% | 1.34% | 1.86% | 2.29% |
Source: Ownwell
$1,148
Average Rio Hondo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Rio Hondo, Texas
In Rio Hondo, 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 Rio Hondo, 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 Rio Hondo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Rio Hondo is $873 in the 78583 zip code, while the lowest median tax bill is also $873 in the same zip code.
Average Rio Hondo Assessed Value
$76,526
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 Rio Hondo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78583 | $9,090 | $37,000 | $76,526 | $148,992 | $247,008 |
Source: Ownwell
$1,148
Average Rio Hondo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Rio Hondo, Texas
Property tax bills in Rio Hondo, located in Cameron County, TX, are calculated based on the property's assessed value and the local tax rate. The median home price in Rio Hondo is $76,526. To determine the tax bill, the assessed value is multiplied by the local tax rate. Factors such as property improvements, market conditions, and exemptions can influence the assessed value. For instance, the tax bill for the 25th percentile is $344, while the 75th percentile reaches $1,893, and the 90th percentile escalates to $3,324. Homeowners in Rio Hondo face a range of property tax bills, with the highest median tax bill recorded at $873 in zip code 78583. This variability can significantly impact homeowners' finances. Ownwell can help homeowners reduce their property tax bills by providing expert appeal and exemption services. By ensuring that properties are fairly assessed and that homeowners take advantage of available exemptions, Ownwell can help save money and reduce the financial burden of property taxes.
Average Rio Hondo Tax Bill
$873
Average Cameron County Tax Bill
$1,460
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rio Hondo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78583 | $121 | $344 | $873 | $1,893 | $3,324 |
Source: Ownwell
$1,148
Average Rio Hondo 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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