N Tower & Davis Rd, Texas Property Taxes
The median property tax rate in N Tower & Davis Rd, TX is 1.34%, slightly higher than the national median of 0.99% but below the Texas state median of 1.67%. With a median home value of $174,189 in N Tower & Davis Rd, the typical annual property tax bill amounts to $2,339, which is less than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of N Tower & Davis Rd'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 N Tower & Davis Rd or another part of the area, knowing the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
N Tower & Davis Rd, 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 N Tower & Davis Rd, Texas Tax Savings
Ownwell’s N Tower & Davis Rd Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in N Tower & Davis Rd with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in N Tower & Davis Rd 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 N Tower & Davis Rd. 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 N Tower & Davis Rd, Texas
Property taxes in N TOWER & DAVIS RD, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in N TOWER & DAVIS RD is 1.34%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within N TOWER & DAVIS RD set these rates annually, and they can vary significantly across different neighborhoods. Each year, N TOWER & DAVIS RD 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 N TOWER & DAVIS RD's effective property tax rate to other counties in Texas and the national median. For comparison, the 77494 zip code has the highest median property tax rate of 2.51%, while the 79936 zip code has the lowest median tax rate of 1.77%. Understanding how these cities compare with N TOWER & DAVIS RD provides valuable insights into the varying tax landscape across 48215, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average N Tower & Davis Rd Tax Rate
1.34%
Average Hidalgo County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across N Tower & Davis Rd, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average N Tower & Davis Rd Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across N Tower & Davis Rd, Texas
In N TOWER & DAVIS RD, 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 local 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 N TOWER & DAVIS RD, 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 N TOWER & DAVIS RD helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across N Tower & Davis Rd, Texas
Source: Ownwell
$14,632
$617,575
$1,220,518
Average N Tower & Davis Rd Assessed Value
$174,189
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 N Tower & Davis Rd, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average N Tower & Davis Rd Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across N Tower & Davis Rd, Texas
In N Tower & Davis Rd, Hidalgo County, TX, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in this area is $174,189, and the property tax rate significantly impacts homeowners' annual expenses. For instance, the 25th, 75th, and 90th percentile tax bills are all $2,339, highlighting a consistent tax burden across different property values. This rate is notably higher than the national median property tax rate of 0.99%, making it crucial for homeowners to manage their tax liabilities effectively. Several factors influence the assessed value, including market trends, property condition, and improvements. High property taxes can strain household budgets, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners challenge over-assessments and secure exemptions, potentially lowering their tax bills. Through a comprehensive review and appeal process, Ownwell ensures homeowners in N Tower & Davis Rd pay only their fair share, offering substantial savings and financial relief.
Average N Tower & Davis Rd Tax Bill
$2,339
Average Hidalgo County Tax Bill
$1,928
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across N Tower & Davis Rd, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average N Tower & Davis Rd 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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