Dr Fernando Ortegon Dr, Texas Property Taxes
The median property tax rate in Dr. Fernando Ortegon Dr, TX is 2.37%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Dr. Fernando Ortegon Dr at $444,930, the typical annual property tax bill reaches $10,551, exceeding the national median of $2,690. Property taxes in Dr. Fernando Ortegon Dr 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 Dr. Fernando Ortegon Dr'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 Dr. Fernando Ortegon Dr 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
Dr Fernando Ortegon Dr, 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 Dr Fernando Ortegon Dr, Texas Tax Savings
Ownwell's DR FERNANDO ORTEGON DR Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DR FERNANDO ORTEGON DR with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DR FERNANDO ORTEGON DR 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 DR FERNANDO ORTEGON DR. 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 Dr Fernando Ortegon Dr, Texas
Property taxes in DR FERNANDO ORTEGON DR, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in DR FERNANDO ORTEGON DR is 2.37%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within DR FERNANDO ORTEGON DR set these rates annually, and they can vary significantly across different neighborhoods. Each year, DR FERNANDO ORTEGON DR 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 DR FERNANDO ORTEGON DR's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in Texas can be found in another zip code, while another zip code has the lowest median tax rate. Understanding how these cities compare with DR FERNANDO ORTEGON DR 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 Dr Fernando Ortegon Dr Tax Rate
2.37%
Average Hidalgo County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dr Fernando Ortegon Dr, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Dr Fernando Ortegon Dr Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Dr Fernando Ortegon Dr, Texas
In DR FERNANDO ORTEGON DR, 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. Assessment notices in DR FERNANDO ORTEGON DR 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 the area is $444,930, and the tax bill for the 25th, 75th, and 90th percentiles is $10,551. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Dr Fernando Ortegon Dr, Texas
Source: Ownwell
$14,632
$617,575
$1,220,518
Average Dr Fernando Ortegon Dr Assessed Value
$444,930
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 Dr Fernando Ortegon Dr, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Dr Fernando Ortegon Dr Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Dr Fernando Ortegon Dr, Texas
In DR FERNANDO ORTEGON DR, located in Hidalgo County, TX, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the local tax assessor and is influenced by factors such as market conditions and property characteristics. With a median home price of $444,930, homeowners in this area can expect property tax bills around $10,551, which is significantly higher than the national median property tax rate of 0.99%. High property taxes can place a substantial financial burden on homeowners. That's where Ownwell steps in. Our property tax appeal and exemption services are designed to help homeowners reduce their tax bills. By analyzing your property's assessed value and comparing it to market data, we identify potential discrepancies and file appeals on your behalf. This targeted approach can lead to significant savings, ensuring you only pay your fair share. Trust Ownwell to make managing your property taxes simpler and more affordable.
Average Dr Fernando Ortegon Dr Tax Bill
$10,551
Average Hidalgo County Tax Bill
$1,928
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Dr Fernando Ortegon Dr, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Dr Fernando Ortegon Dr 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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