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Socorro, El Paso County, Texas Property Taxes

  • Median Socorro, TX effective property tax rate: 2.11%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Socorro, TX home value: $161,056

  • Median annual Socorro, TX tax bill: $2,125, $275 lower than the national median property tax bill of $2,400.

How are property taxes in El Paso calculated?

Property taxes in Socorro, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Socorro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Socorro, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Socorro, El Paso County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.11%

Estimate Property Tax Bill

$3,398

$3,154

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Socorro Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Socorro with just two data points. By entering your property's estimated assessed value, our calculator applies Socorro’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in El Paso County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Socorro, El Paso County, Texas

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Socorro, located in El Paso County, TX, the effective property tax rate is a key factor for residents to consider. El Paso County's median property tax rate stands at 2.11%, which is notably higher than the national median of 1.02%. Within the county, the highest median tax rate is found in the 79927 zip code at 2.12%, while the lowest is in the 79938 zip code at 1.89%. These variations highlight the importance of understanding local tax rates and their impact on property owners. By comparing Socorro's tax rates to those of other cities in Texas and the national median, residents can better assess their property tax obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Socorro, El Paso County, Texas

Source: Ownwell

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1.46%

2.03%

2.60%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Socorro Tax Rate

2.11%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective El Paso County Tax Rate

2.01%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Socorro, El Paso County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
79836N/AN/AN/AN/AN/A
79838N/AN/AN/AN/AN/A
79849N/AN/AN/AN/AN/A
799271.44%1.62%2.12%2.70%2.70%
799281.04%1.99%2.06%2.10%2.37%
799380.92%1.89%1.89%1.89%1.89%

Source: Ownwell

Property Tax Assessment Values Across Socorro, El Paso County, Texas

When examining property taxes in Socorro, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The El Paso County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In El Paso County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Socorro. For example, the median home price in Socorro is $161,056, with tax bills ranging significantly across the county. Zip code 79928 has the highest median home price at $240,173.

Property Tax Assessment Values Across Socorro, El Paso County, Texas

Source: Ownwell

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$46,310

$211,527

$376,744

Median Socorro Market Value

$161,056

Median El Paso County Market Value

$205,170

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Socorro, El Paso County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
79836N/AN/AN/AN/AN/A
79838N/AN/AN/AN/AN/A
79849N/AN/AN/AN/AN/A
79927$24,098$53,178$161,063$219,790$261,180
79928$19,038$106,524$240,173$281,670$360,256
79938$15,652$32,078$46,310$58,389$99,396

Source: Ownwell

Property Tax Bills Across Socorro, El Paso County, Texas

In Socorro, located in El Paso County, Texas, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, size, and condition. The median home price in Socorro is $161,056, and the property tax rate in Texas is generally lower than the national median rate of 1.02%. However, tax bills can vary significantly, with the 25th percentile at $786 and the 90th percentile reaching $5,562. The highest median tax bill in the area is $2,432, slightly above the national median property tax bill of $2,400. Homeowners can feel the financial impact of these variations, especially if their property is assessed at a higher value. Ownwell can assist homeowners by appealing their property tax assessments, potentially lowering their tax bills. Our expertise in property tax appeals can lead to significant savings, ensuring homeowners in Socorro pay only their fair share.

Property Tax Bills Across Socorro, El Paso County, Texas

Source: Ownwell

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$651

$4,630

$8,609

Median Socorro Tax Bill

$2,125

Median El Paso County Tax Bill

$3,563

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Socorro, El Paso County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
79836N/AN/AN/AN/AN/A
79838N/AN/AN/AN/AN/A
79849N/AN/AN/AN/AN/A
79927$366$794$2,130$4,002$5,555
79928$162$359$2,432$4,513$6,907
79938$119$391$651$938$1,035

Source: Ownwell

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