Monte Alto, Texas Property Taxes
The median property tax rate in Monte Alto, TX is 1.19%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Monte Alto at $92,827, the typical annual property tax bill amounts to $1,033, which is below the national median of $2,690. Property taxes in Monte Alto are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Monte Alto'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 Monte Alto or another part of Hidalgo County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Monte Alto, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,105
$1,022
$1,148
Average Monte Alto, Texas Tax Savings
Ownwell’s Monte Alto Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Monte Alto with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Monte Alto 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 Monte Alto. 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 Monte Alto, Texas
Property taxes in Monte Alto, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Monte Alto is 1.19%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Monte Alto set these rates annually, and they can vary significantly across different neighborhoods. Each year, Monte Alto 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 Monte Alto's effective property tax rate to other counties in Texas and the national median. For comparison, the 78538 zip code has both the highest and lowest median property tax rate of 1.19%. Understanding how these cities compare with Monte Alto 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 Monte Alto Tax Rate
1.19%
Average Hidalgo County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Monte Alto, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78538 | 0.41% | 0.75% | 1.19% | 1.69% | 1.99% |
Source: Ownwell
$1,148
Average Monte Alto Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Monte Alto, Texas
In Monte Alto, 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 Monte Alto, 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 Monte Alto helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Monte Alto, both at $1,033, are found in the 78538 zip code.
Average Monte Alto Assessed Value
$92,827
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 Monte Alto, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78538 | $45,654 | $63,324 | $92,827 | $151,665 | $229,692 |
Source: Ownwell
$1,148
Average Monte Alto Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Monte Alto, Texas
In Monte Alto, TX, property tax bills are calculated based on the assessed value of your home, which is determined by the Hidalgo County Appraisal District. The tax rate in Monte Alto is influenced by local government budgets and voter-approved measures. Homeowners in Monte Alto pay a median property tax bill of $1,033, with bills ranging from $562 at the 25th percentile to $3,057 at the 90th percentile. This variation can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Various factors, such as property size, location, and market conditions, are considered in the assessment. High property taxes can burden homeowners, but Ownwell can help. By leveraging our expertise in property tax appeals and exemptions, we can identify potential savings and ensure your property is fairly assessed. Our services can significantly reduce your tax burden, providing financial relief and peace of mind.
Average Monte Alto Tax Bill
$1,033
Average Hidalgo County Tax Bill
$1,928
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Monte Alto, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78538 | $282 | $562 | $1,033 | $1,847 | $3,057 |
Source: Ownwell
$1,148
Average Monte Alto 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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