Guerra, Texas Property Taxes
The median property tax rate in Guerra, TX is 2.35%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Guerra, the typical annual property tax bill reaches $883, which is lower than the national median of $2,690. Property taxes in Guerra 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 Guerra'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 Guerra 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
Guerra, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$884
$820
Ownwell’s Guerra Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Guerra with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Guerra 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 Guerra, Texas
Property taxes in Guerra, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Guerra is 2.35%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Guerra set these rates annually, and they can vary significantly across different neighborhoods. Each year, Guerra 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 Guerra's effective property tax rate to other counties in Texas and the national median. For comparison, the 78360 zip code has both the highest and lowest median property tax rate of 2.35%. Understanding how these cities compare with Guerra provides valuable insights into the varying tax landscape across Jim Hogg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Guerra Tax Rate
2.35%
Average Jim Hogg County Tax Rate
2.50%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Guerra, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78360 | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% |
Source: Ownwell
Property Tax Assessment Values Across Guerra, Texas
In Guerra, 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 Jim Hogg 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 Guerra, 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 median home price in Guerra is $37,620, with tax bills ranging from $377 at the 25th percentile to $3,236 at the 90th percentile. The highest and lowest median tax bills are both $883 in the zip code 78360. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Guerra Assessed Value
$37,620
Average Jim Hogg County Assessed Value
$37,350
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Guerra, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78360 | $10,676 | $16,070 | $37,620 | $65,040 | $137,878 |
Source: Ownwell
Property Tax Bills Across Guerra, Texas
In Guerra, located in Jim Hogg County, TX, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of homes in the area. For instance, the median home price in Guerra is $37,620. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For example, tax bills in Guerra can range significantly, with the 25th percentile at $377 and the 75th percentile at $1,526. The highest median tax bill recorded in the area is $883 in the 78360 zip code. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and public safety. While the median tax rate in Guerra may be lower than the national median of 0.99%, it still represents a significant expense that homeowners need to budget for annually.
Average Guerra Tax Bill
$883
Average Jim Hogg County Tax Bill
$930
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Guerra, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78360 | $251 | $377 | $883 | $1,526 | $3,236 |
Source: Ownwell