Pipe Creek, Texas Property Taxes
The median property tax rate in Pipe Creek, TX is 0.89%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $370,018 in Pipe Creek, the typical annual property tax bill amounts to $4,049, surpassing the national median of $2,690. Property taxes in Pipe Creek are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Pipe Creek'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 Pipe Creek 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
Pipe Creek, 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 Pipe Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pipe Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pipe Creek 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 Pipe Creek, Texas
Property taxes in Pipe Creek, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pipe Creek is 1.67%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Pipe Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pipe Creek 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 Pipe Creek's effective property tax rate to other counties in Texas and the national median. For comparison, the 78063 zip code has the highest median property tax rate of 1.67%, while the 78063 zip code also has the lowest median tax rate of 1.67%. Understanding how these cities compare with Pipe Creek provides valuable insights into the varying tax landscape across Bandera County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pipe Creek Tax Rate
0.89%
Average Kerr County Tax Rate
1.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pipe Creek, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78063 | 0.50% | 0.65% | 0.89% | 1.22% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Pipe Creek, Texas
In Pipe Creek, 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 Pipe Creek, 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 Pipe Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pipe Creek is $370,018. The zip code with the highest median tax bill is 78063, with a tax bill of $4,049. Similarly, the zip code with the lowest median tax bill is also 78063, with the same tax bill of $4,049.
Average Pipe Creek Assessed Value
$370,018
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 Pipe Creek, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78063 | $111,968 | $169,782 | $370,018 | $744,034 | $1,011,091 |
Source: Ownwell
Property Tax Bills Across Pipe Creek, Texas
Property tax bills in Pipe Creek, located in Kerr County, TX, 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 the property. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Homeowners in Pipe Creek can expect varying tax bills depending on their property's value. For instance, the 25th percentile of tax bills is around $1,522, while the 75th percentile reaches approximately $6,397. Those in the 90th percentile can see tax bills as high as $10,777. The median home price in the area is $370,018, which influences these figures. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to understand how their local rates and property values impact their annual tax obligations. This knowledge helps homeowners plan their finances and potentially seek exemptions or appeals if they believe their property has been over-assessed.
Average Pipe Creek Tax Bill
$4,049
Average Kerr County Tax Bill
$2,815
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Pipe Creek, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78063 | $772 | $1,522 | $4,049 | $6,397 | $10,777 |
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 |