Relampago, Texas Property Taxes
The median property tax rate in Relampago, TX is 0.34%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Relampago, the typical annual property tax bill is just $307, far below the national median of $2,690. Property taxes in Relampago 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 Relampago's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Relampago or another part of Hidalgo County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Relampago, 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 Relampago, Texas Tax Savings
Ownwell’s Relampago Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Relampago with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Relampago 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 Relampago. 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 Relampago, Texas
Property taxes in Relampago, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Relampago is 0.34%, lower than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Relampago set these rates annually, and they can vary significantly across different neighborhoods. Each year, Relampago 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 Relampago'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 79821 zip code has the lowest median tax rate of 0.18%. Understanding how these cities compare with Relampago 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 Relampago Tax Rate
0.34%
Average Hidalgo County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Relampago, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78570 | 0.34% | 0.34% | 0.34% | 0.34% | 0.34% |
Source: Ownwell
$1,148
Average Relampago Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Relampago, Texas
In Relampago, 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 Relampago, 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 Relampago helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Relampago, the highest and lowest median tax bills both stand at $307, specifically in the 78570 zip code.
Average Relampago Assessed Value
$90,459
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 Relampago, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78570 | $90,459 | $90,459 | $90,459 | $90,459 | $90,459 |
Source: Ownwell
$1,148
Average Relampago Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Relampago, Texas
In Relampago, property tax bills are calculated based on the assessed value of a home, which in this area is influenced by the median home price of $90,459. The tax rate in Hidalgo County is applied to this assessed value to determine the annual tax bill. For many homeowners, tax bills fall within a narrow range, with the 25th, 75th, and 90th percentiles all seeing a tax bill of $307. This uniformity suggests a relatively stable property tax environment in Relampago, but it also means homeowners could be overpaying if their property is inaccurately assessed. Homeowners can potentially save on their property tax bills by appealing their assessed value, ensuring it accurately reflects the market value of their property. Ownwell specializes in property tax appeals and exemptions, helping homeowners navigate the complexities of the tax system. By leveraging expert knowledge and local market insights, Ownwell can assist in reducing your tax burden, ensuring you only pay your fair share.
Average Relampago Tax Bill
$307
Average Hidalgo County Tax Bill
$1,928
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Relampago, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78570 | $307 | $307 | $307 | $307 | $307 |
Source: Ownwell
$1,148
Average Relampago 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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