San Marcos, Texas Property Taxes
The median property tax rate in San Marcos, TX is 1.32%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $372,925, the typical annual property tax bill in San Marcos amounts to $3,878, surpassing the national median of $2,690. Property taxes in San Marcos are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding the property tax system in San Marcos, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of San Marcos or another part of the city, a thorough grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
San Marcos, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$4,923
$4,568
$1,148
Average Tax Savings
Ownwell’s San Marcos Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in San Marcos with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in San Marcos 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 San Marcos. 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 San Marcos, Texas
Property taxes in San Marcos, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in San Marcos is 1.32%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within San Marcos set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Marcos 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 San Marcos' effective property tax rate to other counties in Texas and the national median. For comparison, the 78666 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 San Marcos provides valuable insights into the varying tax landscape across Comal County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average San Marcos Tax Rate
1.32%
Average Comal County Tax Rate
1.46%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across San Marcos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78666 | 0.75% | 0.99% | 1.32% | 1.49% | 1.49% |
Source: Ownwell
$1,148
Average San Marcos Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across San Marcos, Texas
In San Marcos, 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 local 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 San Marcos, 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. For example, in San Marcos, the highest median tax bill is $3,878 in the 78666 zip code, while the lowest median tax bill is also $3,878 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average San Marcos Assessed Value
$372,925
Average Comal County Assessed Value
$414,440
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across San Marcos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78666 | $61,685 | $193,212 | $372,925 | $609,785 | $984,595 |
Source: Ownwell
$1,148
Average San Marcos Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across San Marcos, Texas
In San Marcos, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. Factors such as the property's market value, local tax rates, and any applicable exemptions influence the final amount. For instance, homeowners in San Marcos face a median property tax bill of $3,878, significantly higher than the national median rate of 0.99%. This can place a substantial burden on homeowners, especially those in higher tax brackets, where the tax bill can reach up to $9,823. Ownwell can help homeowners in San Marcos save on their property tax bills by providing expert property tax appeal and exemption services. Our team of professionals reviews your property’s assessed value to ensure it is accurate and fair. If discrepancies are found, we handle the appeal process on your behalf, potentially lowering your tax bill. Additionally, we identify and apply any eligible exemptions, further reducing your financial burden. By leveraging Ownwell's expertise, homeowners can achieve significant savings on their property taxes.
Average San Marcos Tax Bill
$3,878
Average Comal County Tax Bill
$5,871
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across San Marcos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78666 | $514 | $1,489 | $3,878 | $5,785 | $9,823 |
Source: Ownwell
$1,148
Average San Marcos 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 | |
|---|---|
| Comal Appraisal District | |
| Website | esearch.comalad.org |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.