Kerrville, Texas Property Taxes
The median property tax rate in Kerrville, TX is 1.30%, notably higher than the national median of 0.99% but below the Texas state median of 1.67%. With a median home value in Kerrville of $251,057, the typical annual property tax bill amounts to $3,125, surpassing the national median of $2,690. Property taxes in Kerrville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Kerrville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kerrville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kerrville, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$3,264
$3,020
Ownwell’s Kerrville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Kerrville using just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Kerrville to provide an estimate of your property tax bill. This valuable tool helps you comprehend potential tax liabilities with ease. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Kerrville, Texas
Property taxes in Kerrville, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kerrville is 1.30%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Kerrville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kerrville 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 Kerrville's effective property tax rate to other counties in Texas and the national median. For comparison, the 78029 zip code has the highest median property tax rate of 1.88%, while the 78028 zip code has the lowest median tax rate of 1.30%. Understanding how these cities compare with Kerrville 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 Kerrville Tax Rate
1.30%
Average Kerr County Tax Rate
1.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kerrville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78028 | 0.62% | 0.94% | 1.30% | 1.61% | 1.88% |
| 78029 | 1.88% | 1.88% | 1.88% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Kerrville, Texas
In Kerrville, 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. 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. Kerrville residents can expect median tax bills ranging from $910 in the 78029 zip code to $3,130 in the 78028 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kerrville Assessed Value
$251,057
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 Kerrville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78028 | $42,501 | $131,458 | $251,380 | $387,342 | $585,762 |
| 78029 | $47,265 | $47,564 | $48,460 | $48,460 | $58,667 |
Source: Ownwell
Property Tax Bills Across Kerrville, Texas
In Kerrville, located in Kerr County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the property's market value. Homeowners in Kerrville can expect varying tax bills depending on their property's valuation. For example, the median home price in Kerrville is $251,057. The tax bill for homes at the 25th percentile is approximately $1,279, while those at the 75th percentile can reach up to $5,237. At the 90th percentile, tax bills can soar to $7,849. The highest median tax bill in Kerrville is $3,130 in the 78028 zip code, whereas the lowest is $910 in the 78029 zip code. These figures highlight the range of property tax burdens homeowners might face. Compared to the national median property tax rate of 0.99%, Kerrville's rates can significantly impact homeowners, making it crucial to understand how these taxes are calculated and their potential financial implications.
Average Kerrville Tax Bill
$3,125
Average Kerr County Tax Bill
$2,815
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Kerrville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78028 | $368 | $1,289 | $3,130 | $5,245 | $7,854 |
| 78029 | $887 | $893 | $910 | $910 | $1,101 |
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 |