El Paso, Texas Property Taxes
The median property tax rate in El Paso, TX is 1.48%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $44,570 in El Paso, the typical annual property tax bill reaches $654, which is significantly below the national median of $2,690. Property taxes in El Paso are based on the assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural land. By understanding El Paso's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're residing in the heart of El Paso or in surrounding areas, gaining insight into the local property tax system is crucial for financial planning and investment strategies.
Last Updated June 14, 2024
El Paso, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$660
$610
Ownwell’s El Paso Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in El Paso with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in El Paso to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 El Paso, Texas
Property taxes in El Paso, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in El Paso is 1.48%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within El Paso set these rates annually, and they can vary significantly across different neighborhoods. Each year, El Paso 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 El Paso's effective property tax rate to other counties in Texas and the national median. For comparison, the 79934 zip code has the highest median property tax rate of 1.93%, while the 79912 zip code has the lowest median tax rate of 1.20%. Understanding how these cities compare with El Paso provides valuable insights into the varying tax landscape across Hudspeth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average El Paso Tax Rate
1.48%
Average Hudspeth County Tax Rate
1.77%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across El Paso, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79901 | 1.52% | 1.59% | 1.70% | 1.82% | 1.88% |
| 79902 | 1.53% | 1.53% | 1.53% | 1.53% | 1.53% |
| 79903 | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% |
| 79905 | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% |
| 79912 | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
| 79915 | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% |
| 79924 | 0.31% | 0.31% | 0.31% | 0.31% | 0.31% |
| 79927 | 1.93% | 1.93% | 1.93% | 1.93% | 1.93% |
| 79928 | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% |
| 79934 | 1.93% | 1.93% | 1.93% | 1.93% | 1.93% |
| 79936 | 1.48% | 1.48% | 1.73% | 2.07% | 2.23% |
| 79938 | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across El Paso, Texas
In El Paso, 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 El Paso, 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 El Paso helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In El Paso, the highest median tax bill is $2,436 in the 79902 zip code, while the lowest median tax bill is $155 in the 79915 zip code. With a median home price of $44,570, El Paso's property tax landscape offers significant opportunities for savings through appeals and exemptions.
Average El Paso Assessed Value
$44,570
Average Hudspeth County Assessed Value
$28,021
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across El Paso, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79901 | $16,769 | $20,192 | $25,896 | $31,600 | $35,023 |
| 79902 | $159,382 | $159,382 | $159,382 | $159,382 | $159,382 |
| 79903 | $48,290 | $48,290 | $48,290 | $48,290 | $48,290 |
| 79905 | $50,340 | $50,340 | $50,340 | $50,340 | $50,340 |
| 79912 | $59,218 | $59,218 | $59,218 | $59,218 | $59,218 |
| 79915 | $10,501 | $10,501 | $10,501 | $10,501 | $10,501 |
| 79924 | $60,316 | $60,316 | $60,316 | $60,316 | $60,316 |
| 79927 | $25,959 | $25,959 | $25,959 | $25,959 | $25,959 |
| 79928 | $15,470 | $16,360 | $17,844 | $19,327 | $20,218 |
| 79934 | $33,389 | $33,389 | $33,389 | $33,389 | $33,389 |
| 79936 | $17,375 | $21,070 | $25,402 | $29,436 | $32,592 |
| 79938 | $14,040 | $27,544 | $45,973 | $77,696 | $103,901 |
Source: Ownwell
Property Tax Bills Across El Paso, Texas
In El Paso, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $44,570, the tax bills vary significantly across different percentiles. The 25th percentile tax bill is $375, while the 75th percentile reaches $1,095, and the 90th percentile goes up to $1,518. Factors such as property location, improvements, and market conditions influence the assessed value. Homeowners in specific zip codes may experience varying tax burdens. For example, the highest median tax bill in the area is $2,436 in zip code 79902, contrasting sharply with the lowest median tax bill of $155 in zip code 79915. These variations can significantly affect homeowners' budgets, making it crucial for them to understand their property's assessed value and the applicable tax rate.
Average El Paso Tax Bill
$654
Average Hudspeth County Tax Bill
$484
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across El Paso, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79901 | $306 | $347 | $415 | $483 | $524 |
| 79902 | $2,436 | $2,436 | $2,436 | $2,436 | $2,436 |
| 79903 | $713 | $713 | $713 | $713 | $713 |
| 79905 | $743 | $743 | $743 | $743 | $743 |
| 79912 | $709 | $709 | $709 | $709 | $709 |
| 79915 | $155 | $155 | $155 | $155 | $155 |
| 79924 | $189 | $189 | $189 | $189 | $189 |
| 79927 | $501 | $501 | $501 | $501 | $501 |
| 79928 | $229 | $242 | $264 | $286 | $299 |
| 79934 | $644 | $644 | $644 | $644 | $644 |
| 79936 | $278 | $363 | $434 | $546 | $705 |
| 79938 | $207 | $395 | $675 | $1,136 | $1,534 |
Source: Ownwell