Pharr, Texas Property Taxes
The median property tax rate in Pharr, TX is 1.90%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Pharr at $121,227, the typical annual property tax bill reaches $2,025, which is below the national median of $2,690. Property taxes in Pharr 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 Pharr'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 Pharr 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
Pharr, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.9%
Estimate Property Tax Bill
$2,303
$2,137
$1,148
Average Tax Savings
Ownwell’s Pharr Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pharr with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pharr 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 Pharr. 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 Pharr, Texas
Property taxes in Pharr, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pharr is 1.90%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Pharr set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pharr 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 Pharr's effective property tax rate to other counties in Texas and the national median. For comparison, the 78577 zip code has both the highest and lowest median property tax rate of 1.90%. Understanding how these cities compare with Pharr 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 Pharr Tax Rate
1.90%
Average Hidalgo County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pharr, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78577 | 0.71% | 1.30% | 1.90% | 2.35% | 2.57% |
Source: Ownwell
$1,148
Average Pharr Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Pharr, Texas
In Pharr, 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 Pharr, 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 Pharr is $121,227, with tax bills ranging significantly based on property values. For instance, the 25th percentile tax bill is $958, while the 75th percentile tax bill reaches $3,599, and the 90th percentile tax bill can be as high as $5,785. The highest and lowest median tax bills are both $2,025 in the 78577 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Pharr Assessed Value
$121,227
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 Pharr, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78577 | $38,680 | $69,958 | $121,227 | $184,330 | $274,152 |
Source: Ownwell
$1,148
Average Pharr Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Pharr, Texas
In Pharr, located in Hidalgo County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in Pharr face a median home price of $121,227, with tax bills ranging significantly. For example, the 25th percentile tax bill is $958, while the 75th percentile reaches $3,599, and the 90th percentile can be as high as $5,785. The highest median tax bill recorded is $2,025 in the 78577 zip code. Local tax authorities determine the assessed value of your property, which, combined with the local tax rate, dictates your annual tax bill. This process considers factors like market conditions and property characteristics, directly impacting homeowners' finances. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it to market data, Ownwell can identify discrepancies and file appeals to ensure you are not overpaying. This professional support can lead to substantial savings on your property tax bill, easing the financial burden for homeowners in Pharr.
Average Pharr Tax Bill
$2,025
Average Hidalgo County Tax Bill
$1,928
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Pharr, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78577 | $476 | $958 | $2,025 | $3,599 | $5,785 |
Source: Ownwell
$1,148
Average Pharr 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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