V 5 Pg 9, Texas Property Taxes
The median property tax rate in V 5 PG 9, TX is 1.93%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in V 5 PG 9 at $86,709, the typical annual property tax bill reaches $1,788, still below the national median of $2,690. Property taxes in V 5 PG 9 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 V 5 PG 9'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 V 5 PG 9 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
V 5 Pg 9, 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 V 5 Pg 9, Texas Tax Savings
Ownwell’s V 5 PG 9 Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in V 5 PG 9 with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in V 5 PG 9 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 V 5 PG 9. 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 V 5 Pg 9, Texas
Property taxes in V 5 PG 9, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in V 5 PG 9 is 1.93%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within V 5 PG 9 set these rates annually, and they can vary significantly across different neighborhoods. Each year, V 5 PG 9 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 V 5 PG 9'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 2.18%, while the 79821 zip code has the lowest median tax rate of 1.31%. Understanding how these cities compare with V 5 PG 9 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 V 5 Pg 9 Tax Rate
1.93%
Average Hidalgo County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across V 5 Pg 9, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average V 5 Pg 9 Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across V 5 Pg 9, Texas
In V 5 PG 9, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 V 5 PG 9, 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. For instance, the 25th percentile tax bill is $1,274, while the 75th percentile tax bill is $2,302, and the 90th percentile tax bill reaches $2,611. 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 V 5 PG 9 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average V 5 Pg 9 Assessed Value
$86,709
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 V 5 Pg 9, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average V 5 Pg 9 Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across V 5 Pg 9, Texas
In the city of V 5 PG 9, located in Hidalgo County, TX, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in this region face a median home price of $86,709. The property tax rate in Hidalgo County is higher than the national median of 0.99%, leading to substantial tax bills for homeowners. Factors that influence the tax bill include the assessed value of the property, any exemptions for which the homeowner qualifies, and the specific tax rate set by local taxing authorities. For instance, the 25th percentile tax bill is $1,274, while the 75th percentile reaches $2,302, and the 90th percentile hits $2,611, indicating significant variability based on property value and exemptions. Ownwell assists homeowners by analyzing their property assessments and identifying potential inaccuracies or overvaluations. By filing appeals and securing eligible exemptions, Ownwell helps clients potentially reduce their property tax bills, ensuring they pay only their fair share.
Average V 5 Pg 9 Tax Bill
$1,788
Average Hidalgo County Tax Bill
$1,928
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across V 5 Pg 9, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average V 5 Pg 9 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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