Mission, Texas Property Taxes
The median property tax rate in Mission, TX is 1.78%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Mission, the typical annual property tax bill reaches $2,030, which is below the national median of $2,690. Property taxes in Mission 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 Mission'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 Mission 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
Mission, 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 Mission, Texas Tax Savings
Ownwell’s MISSION Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MISSION with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MISSION 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 MISSION. 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 Mission, Texas
Property taxes in Mission, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mission is 1.78%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Mission set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mission 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 Mission's effective property tax rate to other counties in Texas and the national median. For comparison, the 78576 zip code has the highest median property tax rate of 2.57%, while the 77857 zip code has the lowest median tax rate of 0.68%. Understanding how these cities compare with Mission 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 Mission Tax Rate
1.78%
Average Hidalgo County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mission, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77857 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| 78501 | 1.50% | 1.67% | 1.94% | 2.22% | 2.38% |
| 78572 | 0.73% | 1.35% | 1.93% | 2.30% | 2.43% |
| 78573 | 0.70% | 1.25% | 1.77% | 2.04% | 2.31% |
| 78574 | 0.73% | 1.20% | 1.59% | 2.04% | 2.26% |
| 78576 | 2.57% | 2.57% | 2.57% | 2.57% | 2.57% |
Source: Ownwell
$1,148
Average Mission Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mission, Texas
In Mission, 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 Mission, 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. The median home price in Mission is $135,958, with tax bills ranging significantly. For example, the highest median tax bill is found in zip code 78501, amounting to $28,147, while the lowest is in zip code 78576, at just $376. 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 Mission Assessed Value
$135,958
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 Mission, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77857 | $246,426 | $246,426 | $246,426 | $246,426 | $246,426 |
| 78501 | $573,724 | $816,271 | $1,220,518 | $1,624,764 | $1,867,312 |
| 78572 | $36,582 | $66,414 | $131,606 | $223,432 | $336,241 |
| 78573 | $56,728 | $92,985 | $173,785 | $254,877 | $412,219 |
| 78574 | $58,596 | $83,831 | $130,158 | $201,047 | $291,657 |
| 78576 | $14,632 | $14,632 | $14,632 | $14,632 | $14,632 |
Source: Ownwell
$1,148
Average Mission Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mission, Texas
In Mission, Hidalgo County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. This assessed value is then multiplied by the local tax rate to determine the tax bill. For example, with a median home price of $135,958, homeowners can expect a range of tax bills. The 25th percentile tax bill is around $1,063, while the 75th percentile reaches $4,028, and the 90th percentile soars to $6,402. These figures highlight the significant variation in property tax burdens within the area. Several factors influence the tax bill, including property size, location, and improvements. High property taxes can strain homeowners, making it essential to explore ways to reduce them. Ownwell offers property tax appeal and exemption services to help homeowners lower their tax bills. By reviewing assessed values and ensuring they are fair, Ownwell can potentially save homeowners hundreds or even thousands of dollars annually, providing much-needed financial relief.
Average Mission Tax Bill
$2,030
Average Hidalgo County Tax Bill
$1,928
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mission, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77857 | $1,679 | $1,679 | $1,679 | $1,679 | $1,679 |
| 78501 | $10,224 | $16,945 | $28,147 | $39,349 | $46,070 |
| 78572 | $426 | $958 | $2,122 | $4,314 | $6,911 |
| 78573 | $597 | $1,253 | $2,580 | $4,491 | $6,978 |
| 78574 | $642 | $1,112 | $1,790 | $3,352 | $5,517 |
| 78576 | $376 | $376 | $376 | $376 | $376 |
Source: Ownwell
$1,148
Average Mission 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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