Waring, Texas Property Taxes
The median property tax rate in Waring, TX is 1.17%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Waring, the typical annual property tax bill reaches $3,035, exceeding the national median of $2,690. Property taxes in Waring 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 Waring'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 Waring 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
Waring, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$3,166
$2,938
$1,148
Average Tax Savings
Ownwell’s Waring Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waring with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waring 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 Waring. 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 Waring, Texas
Property taxes in Waring, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waring is 1.17%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Waring set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waring 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 Waring's effective property tax rate to other counties in Texas and the national median. For comparison, the 78074 zip code has both the highest and lowest median property tax rate of 1.17%. Understanding how these areas compare with Waring provides valuable insights into the varying tax landscape across Kendall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waring Tax Rate
1.17%
Average Kendall County Tax Rate
1.25%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waring, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78074 | 0.70% | 0.90% | 1.17% | 1.33% | 1.54% |
Source: Ownwell
$1,148
Average Waring Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Waring, Texas
In Waring, 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 Kendall 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 Waring, 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 Waring helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 78074 has the highest and lowest median tax bill at $3035.
Average Waring Assessed Value
$270,590
Average Kendall County Assessed Value
$486,485
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Waring, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78074 | $41,533 | $139,622 | $270,590 | $530,622 | $1,088,051 |
Source: Ownwell
$1,148
Average Waring Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Waring, Texas
In Waring, Kendall County, TX, property tax bills are calculated based on the assessed value of your home combined with the local tax rate. With a median home price of $270,590, homeowners face varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $1,272, while the 75th percentile reaches $4,645, and the 90th percentile can go up to $5,656. These figures highlight the significant impact property taxes can have on homeowners' finances, especially when compared to the national median property tax rate of 0.99%. Ownwell helps homeowners in Waring save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and identifying potential discrepancies, Ownwell can assist in reducing your tax liability. This can lead to substantial savings, especially for those in higher tax brackets. With professional guidance, homeowners can ensure they are not overpaying on their property taxes and can better manage their financial obligations.
Average Waring Tax Bill
$3,035
Average Kendall County Tax Bill
$5,688
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Waring, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78074 | $301 | $1,272 | $3,035 | $4,645 | $5,656 |
Source: Ownwell
$1,148
Average Waring Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Kendall Appraisal District | |
| Website | esearch.kendallad.org |
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