Benavides, Duval County, Texas Property Taxes
The median property tax rate in Benavides, TX is 2.33%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Benavides at $39,430, the typical annual property tax bill reaches $888, which is below the national median of $2,690. Property taxes in Benavides are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Benavides' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Benavides 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
Benavides, Duval County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.33%
Estimate Property Tax Bill
$919
$853
Ownwell’s Benavides Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Benavides with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Benavides to provide an estimate of your property tax bill. This valuable tool aids in understanding potential tax liabilities. For those interested in more localized trends, additional neighborhood-level information is available below. Your property’s assessed value is the figure assigned by Duval County for property tax calculations, which takes into account any applicable exemptions.
Property Tax Rates Across Benavides, Duval County, Texas
Property taxes in Benavides, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Benavides is 2.33%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Benavides set these rates annually, and they can vary significantly across different neighborhoods. Each year, Benavides 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 Benavides' effective property tax rate to other counties in Texas and the national median. For comparison, the 78341 zip code has the highest median property tax rate of 2.33%, while the same 78341 zip code also has the lowest median tax rate of 2.33%. Understanding how these cities compare with Benavides 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 Benavides Tax Rate
2.33%
Average Duval County Tax Rate
2.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Benavides, Duval County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78341 | 1.89% | 2.29% | 2.33% | 2.33% | 2.33% |
Source: Ownwell
Property Tax Assessment Values Across Benavides, Duval County, Texas
In Benavides, 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 Benavides, 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 Benavides helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $888.00, with the zip code 78341.
Property Tax Assessment Values Across Benavides, Duval County, Texas
Source: Ownwell
$38,040
$46,685
$55,330
Average Benavides Assessed Value
$39,430
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 Benavides, Duval County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78341 | $4,051 | $18,735 | $39,430 | $66,772 | $104,531 |
Source: Ownwell
Property Tax Bills Across Benavides, Duval County, Texas
In BENAVIDES, located in Duval County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. This assessed value is then multiplied by the local property tax rate. For homeowners in Benavides, the median home price is $39,430. The property tax rate in Duval County can lead to varying tax bills; for instance, the 25th percentile tax bill is $399, while the 75th percentile tax bill reaches $1,447. At the 90th percentile, homeowners might see tax bills as high as $2,296. These tax bills can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Homeowners in Benavides should be aware of these factors as they directly influence their annual financial obligations. Understanding how these elements come together to form the final tax bill can help homeowners better plan and manage their finances.
Average Benavides Tax Bill
$888
Average Duval County Tax Bill
$915
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Benavides, Duval County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78341 | $81 | $399 | $888 | $1,447 | $2,296 |
Source: Ownwell