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South Padre Island, Texas Property Taxes

The median property tax rate in South Padre Island, TX is 1.32%, 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 $420,000 in South Padre Island, the typical annual property tax bill amounts to $5,627, significantly surpassing the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding South Padre Island's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of South Padre Island or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

South Padre Island, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.32%

Estimate Property Tax Bill

$5,544

$5,145

SAVE WITH OWNWELL

$1,148

Average Tax Savings

Ownwell’s South Padre Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Padre Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Padre Island 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 South Padre Island. 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 South Padre Island, Texas

Property taxes in South Padre Island, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Padre Island is 1.32%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within South Padre Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Padre Island 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 South Padre Island's effective property tax rate to other counties in Texas and the national median. For comparison, the 78597 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with South Padre Island 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.

Property Tax Rates Across South Padre Island, Texas

Source: Ownwell

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0.43%

1.49%

2.56%

Average South Padre Island Tax Rate

1.32%

Average Cameron County Tax Rate

1.37%

Average Texas Tax Rate

1.67%

Average United States Tax Rate

0.99%

Property Tax Rates Across South Padre Island, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
785971.00%1.22%1.32%1.49%1.67%

Source: Ownwell

Property Tax Assessment Values Across South Padre Island, Texas

Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in South Padre Island, Texas. 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 South Padre Island, 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 South Padre Island is $420,000, with tax bills ranging from $3,643 at the 25th percentile to $11,764 at the 90th percentile. The highest and lowest median tax bills are both $5,627 in the 78597 zip code. 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 processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across South Padre Island, Texas

Source: Ownwell

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$1,321

$210,661

$420,000

Average South Padre Island Assessed Value

$420,000

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 South Padre Island, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
78597$201,361$294,058$420,000$611,012$898,645

Source: Ownwell

Property Tax Bills Across South Padre Island, Texas

In South Padre Island, Cameron County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The median home price in this area is $420,000, and property tax rates are applied to this assessed value to determine the tax bill. Factors such as market conditions, property improvements, and local tax rates influence the assessed value. Homeowners in South Padre Island face median tax bills ranging from $3,643 at the 25th percentile to $11,764 at the 90th percentile, with the highest median tax bill recorded at $5,627 in the 78597 zip code. Ownwell assists homeowners by providing expert property tax appeal and exemption services, ensuring that properties are assessed fairly. By leveraging local market data and appraisal techniques, Ownwell can identify discrepancies and help reduce your property tax bill. This not only ensures you pay your fair share but also potentially saves you thousands of dollars annually.

Property Tax Bills Across South Padre Island, Texas

Source: Ownwell

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$25

$2,826

$5,627

Average South Padre Island Tax Bill

$5,627

Average Cameron County Tax Bill

$1,460

Average Texas Tax Bill

$3,971

Average United States Tax Bill

$2,690

Property Tax Bills Across South Padre Island, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
78597$2,553$3,643$5,627$8,046$11,764

Source: Ownwell

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