Southland, Texas Property Taxes
The median property tax rate in Southland, TX is 1.50%, 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 $89,787 in Southland, the typical annual property tax bill amounts to $1,345, falling below the national median of $2,690. Property taxes in Southland are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. By gaining a thorough understanding of Southland's property tax system, exploring available exemptions, and seeking opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Southland or another part of Garza County, being well-versed in the local property tax system offers substantial benefits.
Last Updated June 14, 2024
Southland, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$1,347
$1,250
Ownwell’s Southland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Southland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Southland 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 Southland, Texas
Property taxes in Southland, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Southland is 1.50%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Southland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Southland 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 Southland's effective property tax rate to other counties in Texas and the national median. For comparison, the 79364 zip code has the highest median property tax rate of 1.50%, while the same zip code also has the lowest median tax rate of 1.50%. Understanding how these cities compare with Southland provides valuable insights into the varying tax landscape across Garza County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Southland Tax Rate
1.50%
Average Garza County Tax Rate
2.35%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Southland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79364 | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Southland, Texas
In Southland, 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 Garza 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 Southland, 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 Southland 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 $1,345, with the zip code 79364 leading in both categories.
Average Southland Assessed Value
$89,787
Average Garza County Assessed Value
$40,366
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Southland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79364 | $89,787 | $89,787 | $89,787 | $89,787 | $89,787 |
Source: Ownwell
Property Tax Bills Across Southland, Texas
In Southland, Garza County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in Southland face a median property tax rate that is significantly higher than the national median of 0.99%. For instance, the median home price in Southland is $89,787, and the tax bill for properties in the 25th, 75th, and 90th percentiles is uniformly $1,345. This indicates a tax rate that is considerably above the national average. The tax bill is influenced by several factors including the property's assessed value, any applicable exemptions, and the local tax rate. For homeowners, this means that higher property values and fewer exemptions result in higher tax bills. The uniformity of the tax bill across different percentiles suggests a consistent application of the tax rate within Southland. This can significantly impact homeowners' annual expenses, making it crucial to understand and potentially appeal their property assessments if they believe them to be inaccurate.
Average Southland Tax Bill
$1,345
Average Garza County Tax Bill
$925
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Southland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79364 | $1,345 | $1,345 | $1,345 | $1,345 | $1,345 |
Source: Ownwell