Alice, Texas Property Taxes
The median property tax rate in Alice, TX is 2.23%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Alice at $55,330, the typical annual property tax bill reaches $1,142, which is below the national median of $2,690. Property taxes in Alice are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Alice'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 Alice or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alice, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.23%
Estimate Property Tax Bill
$1,234
$1,145
Ownwell’s Alice Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alice with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alice to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Alice, Texas
Property taxes in Alice, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alice is 2.23%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Alice set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alice 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 Alice's effective property tax rate to other counties in Texas and the national median. For comparison, the 78332 zip code has the highest median property tax rate of 2.23%, while the same zip code also has the lowest median tax rate of 2.23%. Understanding how these cities compare with Alice provides valuable insights into the varying tax landscape across Duval County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alice Tax Rate
2.23%
Average Duval County Tax Rate
2.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alice, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78332 | 1.64% | 1.96% | 2.23% | 2.23% | 2.23% |
Source: Ownwell
Property Tax Assessment Values Across Alice, Texas
In Alice, 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 Duval 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 Alice, 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 Alice helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Alice are both recorded at $1142 in the 78332 zip code.
Average Alice Assessed Value
$55,330
Average Duval County Assessed Value
$41,680
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alice, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78332 | $24,840 | $36,591 | $55,330 | $81,498 | $178,293 |
Source: Ownwell
Property Tax Bills Across Alice, Texas
In Alice, located in Duval County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Alice is $55,330, and the property tax rate is applied to this assessed value to determine the annual tax bill. For homeowners, this means that their tax bill can vary significantly depending on the assessed value of their property and the tax rate set by local authorities. Several factors influence the assessed value, including property size, location, and market conditions. Homeowners in Alice can expect tax bills ranging from $770 at the 25th percentile to $3,519 at the 90th percentile, with a median tax bill of $1,142. This range indicates that while some homeowners may face relatively low tax burdens, others could see higher bills, especially if their property is assessed at a higher value. Compared to the national median property tax rate of 0.99%, Alice's tax rates reflect localized economic conditions and property values, impacting homeowners' financial planning and budgeting.
Average Alice Tax Bill
$1,142
Average Duval County Tax Bill
$915
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Alice, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78332 | $553 | $770 | $1,142 | $1,648 | $3,519 |
Source: Ownwell