Alton, Texas Property Taxes
The median property tax rate in Alton, TX is 1.80%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Alton, the typical annual property tax bill reaches $1,940, exceeding the national median of $2,690. Property taxes in Alton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Alton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Alton 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
Alton, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Alton, Texas Tax Savings
Ownwell’s Alton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alton 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 Alton. 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 Alton, Texas
Property taxes in Alton, Texas, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Alton is 1.80%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Alton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alton 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 Alton's effective property tax rate to other counties in Texas and the national median. For comparison, the 78573 zip code has the highest median property tax rate of 1.80%, while the same zip code also has the lowest median tax rate of 1.80%. Understanding how these cities compare with Alton provides valuable insights into the varying tax landscape across Hidalgo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alton Tax Rate
1.80%
Average Hidalgo County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78573 | 0.81% | 1.28% | 1.80% | 2.23% | 2.31% |
Source: Ownwell
$1,148
Average Alton Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Alton, Texas
In Alton, 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 Hidalgo 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 Alton, 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 median home price in Alton is $122,012, with tax bills ranging from $1,073 at the 25th percentile to $4,984 at the 90th percentile. The highest and lowest median tax bills are both $1,940 in the 78573 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alton Assessed Value
$122,012
Average Hidalgo County Assessed Value
$133,156
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78573 | $52,305 | $74,935 | $122,012 | $187,180 | $262,174 |
Source: Ownwell
$1,148
Average Alton Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Alton, Texas
In Alton, TX, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the Hidalgo County appraisal district and is a percentage of the property's market value. The tax rate in Alton is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and market trends are considered during the assessment. For homeowners in Alton, the median home price is $122,012, with tax bills ranging from $1,073 at the 25th percentile to $4,984 at the 90th percentile. Comparatively, the national median property tax rate is 0.99%, which highlights the variability in local tax burdens. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing property data and identifying discrepancies in assessed values, Ownwell can effectively lower property tax bills. This ensures homeowners in Alton pay only their fair share, potentially saving them hundreds or even thousands of dollars annually.
Average Alton Tax Bill
$1,940
Average Hidalgo County Tax Bill
$1,928
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Alton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78573 | $591 | $1,073 | $1,940 | $3,249 | $4,984 |
Source: Ownwell
$1,148
Average Alton Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 20 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Hidalgo Appraisal District | |
| Phone | (956) 381-8466 |
| Website | esearch.hidalgoad.org |
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