Saltillo, Texas Property Taxes
The median property tax rate in Saltillo, TX is 0.81%, notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Saltillo at $236,700, the typical annual property tax bill amounts to $1,790, which is significantly below the national median of $2,690. Property taxes in Saltillo are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Saltillo'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 Saltillo 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
Saltillo, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$1,917
$1,779
Ownwell’s Saltillo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saltillo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saltillo 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 Saltillo, Texas
Property taxes in Saltillo, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saltillo is 1.57%, higher than both the Texas state median of 1.6% and the U.S. national median of 0.99%. Local government entities within Saltillo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saltillo 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 Saltillo's effective property tax rate to other counties in Texas and the national median. For comparison, the 75478 zip code has the highest median property tax rate of 1.57%, while the 75478 zip code has the lowest median tax rate of 1.57%. Understanding how these cities compare with Saltillo provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saltillo Tax Rate
0.81%
Average Franklin County Tax Rate
1.44%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saltillo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75478 | 0.17% | 0.61% | 0.81% | 1.28% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Saltillo, Texas
In Saltillo, 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 Franklin 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 Saltillo, 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. The median home price in Saltillo is $236,700, with annual tax bills ranging from $1,028 at the 25th percentile to $4,433 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 75478, with a median tax bill of $1,790. Being aware of these valuation processes in Saltillo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saltillo Assessed Value
$236,700
Average Franklin County Assessed Value
$201,820
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saltillo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75478 | $71,343 | $176,788 | $236,700 | $362,325 | $491,422 |
Source: Ownwell
Property Tax Bills Across Saltillo, Texas
In Saltillo, located in Franklin County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Saltillo face property tax rates that are influenced by various local factors, including school district funding, municipal services, and county needs. For a median home price of $236,700, property tax bills can vary significantly. At the 25th percentile, homeowners might pay around $1,028, while those at the 75th percentile could see bills as high as $3,489. The top 10% of homeowners face tax bills up to $4,433. These variations highlight how different factors, such as property location within the county and specific neighborhood amenities, can impact tax rates. Compared to the national median property tax rate of 0.99%, Saltillo's rates reflect the local government's approach to balancing public service funding with homeowner affordability. This system ensures that tax contributions are proportionate to the property's assessed value, directly affecting the financial responsibilities of homeowners in the area.
Average Saltillo Tax Bill
$1,790
Average Franklin County Tax Bill
$2,446
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Saltillo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75478 | $567 | $1,028 | $1,790 | $3,489 | $4,433 |
Source: 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 | |
|---|---|
| Franklin Appraisal District | |
| Website | esearch.franklin-cad.org |