Suillivan, Texas Property Taxes
The median property tax rate in Sullivan, TX is 1.06%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $145,427 in Sullivan, the typical annual property tax bill amounts to $1,546, which is below the national median of $2,690. Property taxes in Sullivan are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Sullivan'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 Sullivan 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
Suillivan, 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 Suillivan, Texas Tax Savings
Ownwell’s Sullivan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sullivan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sullivan 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 Sullivan. 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 Suillivan, Texas
Property taxes in SUILLIVAN, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in SUILLIVAN is 1.06%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within SUILLIVAN set these rates annually, and they can vary significantly across different neighborhoods. Each year, SUILLIVAN 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 SUILLIVAN's effective property tax rate to other counties in Texas and the national median. For comparison, the 78501 zip code has the highest median property tax rate of 2.42%, while the 78205 zip code has the lowest median tax rate of 1.45%. Understanding how these cities compare with SUILLIVAN 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 Suillivan Tax Rate
1.06%
Average Hidalgo County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Suillivan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Suillivan Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Suillivan, Texas
In Sullivan, 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 Sullivan, 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 Sullivan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Sullivan is $145,427, with the 25th, 75th, and 90th percentile tax bills all standing at $1,546.
Average Suillivan Assessed Value
$145,427
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 Suillivan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Suillivan Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Suillivan, Texas
In Sullivan, Hidalgo County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the local property tax rate to calculate the tax bill. For instance, with a median home price of $145,427, homeowners might see a tax bill around $1,546, which is consistent across the 25th, 75th, and 90th percentiles. This uniformity indicates a relatively stable tax rate within the region. Factors such as property improvements, market conditions, and local government budgets can influence the assessed value and, subsequently, the tax bill. High property taxes can be a significant financial burden for homeowners, impacting their overall cost of living. Ownwell can help homeowners in Sullivan by providing expert property tax appeal and exemption services. By reviewing property assessments and identifying potential inaccuracies or opportunities for exemptions, Ownwell can assist in reducing the assessed value and, consequently, the tax bill, ensuring homeowners pay only their fair share.
Average Suillivan Tax Bill
$1,546
Average Hidalgo County Tax Bill
$1,928
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Suillivan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Suillivan 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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