Kerrville, Texas Property Taxes
The median property tax rate in Kerrville, TX is 0.85%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Kerrville at $491,460, the typical annual property tax bill amounts to $4,172, surpassing the national median of $2,690. Property taxes in Kerrville are determined based on the tax assessed value, which usually falls below the market value due to various exemptions like those for primary residences and agricultural use. By understanding Kerrville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve significant annual savings. Whether you're in the heart of Kerrville or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kerrville, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$4,177
$3,877
Ownwell’s Kerrville Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Kerrville. By simply inputting your property's estimated assessed value, the calculator uses the median tax rate in Kerrville to provide an accurate estimate of your property tax bill. This tool helps you gain a clear understanding of your potential tax liabilities. For those interested in more detailed insights, you can explore neighborhood-level trends by scrolling down for localized information. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Kerrville, Texas
Property taxes in Kerrville, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kerrville is 0.85%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Kerrville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kerrville 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 Kerrville's effective property tax rate to other counties in Texas and the national median. For comparison, the 78028 zip code has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these cities compare with Kerrville provides valuable insights into the varying tax landscape across Gillespie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kerrville Tax Rate
0.85%
Average Gillespie County Tax Rate
1.04%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kerrville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78028 | 0.77% | 0.81% | 0.85% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Kerrville, Texas
In Kerrville, 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 Gillespie 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 Kerrville, 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. For instance, the highest median tax bill in Kerrville's 78028 zip code is $4,172, while the lowest is also $4,172. 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 Kerrville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kerrville Assessed Value
$491,460
Average Gillespie County Assessed Value
$385,110
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kerrville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78028 | $126,710 | $318,140 | $491,460 | $684,805 | $906,766 |
Source: Ownwell
Property Tax Bills Across Kerrville, Texas
In Kerrville, located in Gillespie County, TX, property tax bills are calculated based on the assessed value of a property and the applicable tax rate. The assessed value is determined by the county appraisal district, reflecting the market value of the property. Various factors such as property size, location, and improvements can influence this assessed value. Homeowners in Kerrville experience a range of tax bills. For instance, the 25th percentile tax bill stands at $2,786, while those at the 75th percentile face $5,683. At the higher end, the 90th percentile tax bill reaches $7,671. The highest median tax bill in the area is $4,172, recorded in the 78028 zip code. Comparatively, Gillespie County's property tax rates can significantly impact homeowners, especially when juxtaposed with the national median property tax rate of 0.99%. Higher property values and tax rates can lead to substantial annual tax bills, affecting household budgets and financial planning.
Average Kerrville Tax Bill
$4,172
Average Gillespie County Tax Bill
$3,700
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Kerrville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78028 | $986 | $2,786 | $4,172 | $5,683 | $7,671 |
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 | |
|---|---|
| Gillespie Appraisal District | |
| Website | propaccess.trueautomation.com |