Raymondville, Texas Property Taxes
The median property tax rate in Raymondville, TX is 0.45%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $205,775 in Raymondville, the typical annual property tax bill amounts to $926, which is well below the national median of $2,690. Property taxes in Raymondville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Raymondville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Raymondville or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Raymondville, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$926
$859
$1,148
Average Tax Savings
Ownwell’s Raymondville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Raymondville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Raymondville 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 Raymondville. 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 Raymondville, Texas
Property taxes in Raymondville, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Raymondville is 1.39%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Raymondville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Raymondville 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 Raymondville's effective property tax rate to other counties in Texas and the national median. For comparison, the 78580 zip code has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Raymondville provides valuable insights into the varying tax landscape across Willacy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Raymondville Tax Rate
0.45%
Average Hidalgo County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Raymondville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78580 | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% |
Source: Ownwell
$1,148
Average Raymondville Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Raymondville, Texas
In Raymondville, 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 Raymondville, 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 Raymondville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $926, found in zip code 78580.
Average Raymondville Assessed Value
$205,775
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 Raymondville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78580 | $205,775 | $205,775 | $205,775 | $205,775 | $205,775 |
Source: Ownwell
$1,148
Average Raymondville Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Raymondville, Texas
In Raymondville, located in Hidalgo County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. For instance, with a median home price of $205,775, the property tax rate determines the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, which is then multiplied by the local tax rate to determine the tax bill. In Raymondville, homeowners typically see a tax bill around $926, significantly lower than the national median property tax rate of 0.99%. These property taxes can be a financial burden, but Ownwell can help homeowners save on their bills. By providing property tax appeal and exemption services, Ownwell ensures that homeowners are not overpaying. Our experts analyze property assessments, gather evidence, and file appeals to correct overvaluations, potentially reducing the tax burden. This service can lead to substantial savings, making homeownership more affordable in Raymondville.
Average Raymondville Tax Bill
$926
Average Hidalgo County Tax Bill
$1,928
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Raymondville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78580 | $926 | $926 | $926 | $926 | $926 |
Source: Ownwell
$1,148
Average Raymondville 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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