San Marcos, Texas Property Taxes
The median property tax rate in San Marcos, TX is 1.32%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in San Marcos at $76,854, the typical annual property tax bill amounts to $961, falling below the national median of $2,690. Property taxes in San Marcos are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding the intricacies of San Marcos's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're residing in the heart of San Marcos 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
San Marcos, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$1,014
$941
$1,148
Average Tax Savings
Ownwell’s San Marcos Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in San Marcos with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in San Marcos to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in San Marcos. 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 San Marcos, Texas
Property taxes in San Marcos, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in San Marcos is 1.32%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within San Marcos set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Marcos 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 San Marcos's effective property tax rate to other counties in Texas and the national median. For comparison, the 78666 zip code has the highest median property tax rate of 1.32%, while the 78666 zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with San Marcos provides valuable insights into the varying tax landscape across Guadalupe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average San Marcos Tax Rate
1.32%
Average Guadalupe County Tax Rate
1.69%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across San Marcos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78666 | 0.63% | 1.10% | 1.32% | 1.32% | 1.51% |
Source: Ownwell
$1,148
Average San Marcos Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across San Marcos, Texas
In San Marcos, 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 Hays 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 San Marcos, 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 San Marcos helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in San Marcos is $76,854, with tax bills ranging from $512 at the 25th percentile to $4,043 at the 90th percentile. The zip code 78666 has the highest and lowest median tax bill, both at $960.
Average San Marcos Assessed Value
$76,854
Average Guadalupe County Assessed Value
$288,797
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across San Marcos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78666 | $11,852 | $41,753 | $76,841 | $188,859 | $325,406 |
Source: Ownwell
$1,148
Average San Marcos Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across San Marcos, Texas
Property tax bills in San Marcos, Guadalupe County, TX, are calculated based on the assessed value of a property and the local tax rate. The median home price in this area is $76,854, with property tax rates determining how much homeowners owe annually. Factors such as property size, location, and market conditions play a crucial role in determining the assessed value. In San Marcos, the 25th percentile tax bill is $512, while the 75th percentile reaches $2,332, and the 90th percentile can go up to $4,043. These figures highlight the significant variation in tax bills within the city. Ownwell can help homeowners in San Marcos save on their property tax bills by providing expert property tax appeal and exemption services. Our team reviews your property assessment for inaccuracies, compiles evidence, and represents you in appeals to ensure you are not overpaying. By leveraging our expertise, homeowners can potentially reduce their tax burden and achieve substantial savings.
Average San Marcos Tax Bill
$961
Average Guadalupe County Tax Bill
$4,783
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across San Marcos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78666 | $105 | $512 | $960 | $2,332 | $4,044 |
Source: Ownwell
$1,148
Average San Marcos Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Guadalupe Appraisal District | |
| Website | esearch.guadalupead.org |
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