Los Ebanos, Texas Property Taxes
The median property tax rate in Los Ebanos, TX is 1.08%, slightly above the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Los Ebanos at $61,706, the typical annual property tax bill is $743, which is significantly below the national median of $2,690. Property taxes in Los Ebanos are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Los Ebanos'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 Los Ebanos 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
Los Ebanos, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$666
$618
$1,148
Average Tax Savings
Ownwell’s LOS EBANOS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LOS EBANOS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LOS EBANOS 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 LOS EBANOS. 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 Los Ebanos, Texas
Property taxes in Los Ebanos, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Los Ebanos is 1.08%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Los Ebanos set these rates annually, and they can vary significantly across different neighborhoods. Each year, Los Ebanos 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 Los Ebanos's effective property tax rate to other counties in Texas and the national median. For comparison, the 78565 zip code has the highest median property tax rate of 1.08%, while the 78565 zip code has the lowest median tax rate of 1.08%. Understanding how these cities compare with Los Ebanos 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 Los Ebanos Tax Rate
1.08%
Average Hidalgo County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Los Ebanos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78565 | 0.23% | 0.45% | 1.08% | 1.91% | 1.95% |
Source: Ownwell
$1,148
Average Los Ebanos Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Los Ebanos, Texas
In Los Ebanos, 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 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. In Los Ebanos, the median home price is $61,706, and the median tax bill ranges from $241 at the 25th percentile to $1,472 at the 90th percentile. The zip code 78565 has the highest median tax bill of $743. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Los Ebanos Assessed Value
$61,706
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 Los Ebanos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78565 | $39,899 | $45,969 | $61,706 | $80,182 | $107,824 |
Source: Ownwell
$1,148
Average Los Ebanos Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Los Ebanos, Texas
In Los Ebanos, property tax bills are calculated based on the assessed value of your home, which often differs from the market value. For homeowners in Hidalgo County, the median home price stands at $61,706. Property taxes are then applied to this assessed value using the local tax rate. The national median property tax rate is 0.99%, but local rates can vary significantly. For example, in Los Ebanos, the tax bill ranges widely, with the 25th percentile at $241 and the 90th percentile reaching up to $1,472. Several factors influence your tax bill, including property size, location, and improvements. High property taxes can be a financial burden, but Ownwell offers a solution. By providing professional property tax appeal and exemption services, Ownwell helps homeowners potentially lower their assessed values and reduce their tax bills. With expert knowledge and a proven track record, Ownwell ensures you pay only what is fair, helping you save money year after year.
Average Los Ebanos Tax Bill
$743
Average Hidalgo County Tax Bill
$1,928
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Los Ebanos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78565 | $122 | $241 | $743 | $1,045 | $1,472 |
Source: Ownwell
$1,148
Average Los Ebanos 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 | |
|---|---|
| Hidalgo Appraisal District | |
| Phone | (956) 381-8466 |
| Website | esearch.hidalgoad.org |
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