Ingram, Texas Property Taxes
The median property tax rate in Ingram, Texas is 1.08%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Ingram at $144,758, the typical annual property tax bill amounts to $1,539, which is below the national median of $2,690. Property taxes in Ingram are calculated based on the tax assessed value, often below market value due to exemptions like primary residence and agricultural exemptions. Understanding Ingram'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 Ingram or another part of Kerr County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ingram, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Ingram Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ingram with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ingram 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 Ingram, Texas
Property taxes in Ingram, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ingram is 1.08%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Ingram set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ingram 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 Ingram's effective property tax rate to other counties in Texas and the national median. For comparison, the 78025 zip code has the highest median property tax rate of 1.08%, while the 78025 zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Ingram provides valuable insights into the varying tax landscape across Kerr County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ingram Tax Rate
1.08%
Average Kerr County Tax Rate
1.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ingram, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78025 | 0.43% | 0.65% | 1.08% | 1.42% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Ingram, Texas
In Ingram, 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 Kerr 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 Ingram, 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 Ingram helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 78025, with a bill of $1,539, while the lowest is also 78025 with the same amount.
Average Ingram Assessed Value
$144,758
Average Kerr County Assessed Value
$241,957
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ingram, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78025 | $34,473 | $75,710 | $144,758 | $329,664 | $623,508 |
Source: Ownwell
Property Tax Bills Across Ingram, Texas
In Ingram, located in Kerr County, TX, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is based on the market value of the home, which in Ingram has a median price of $144,758. Local tax authorities then apply the tax rate to this assessed value to calculate the annual tax bill. For example, homeowners in the 25th percentile pay around $497, while those in the 75th percentile see bills closer to $3,743. At the higher end, the 90th percentile tax bills can reach up to $6,949. These tax bills impact homeowners by influencing their overall housing costs, with higher property values and tax rates leading to more substantial annual payments. Compared to the national median property tax rate of 0.99%, Ingram’s tax bills reflect the local economic conditions and property values. This variance underscores the importance of understanding local tax assessments and their direct effect on homeowners' financial responsibilities.
Average Ingram Tax Bill
$1,539
Average Kerr County Tax Bill
$2,815
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ingram, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78025 | $273 | $497 | $1,539 | $3,743 | $6,949 |
Source: 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 | |
|---|---|
| Kerr Appraisal District | |
| Website | esearch.kerrcad.org |