Quemado, Texas Property Taxes
The median property tax rate in Quemado, TX is 1.61%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Quemado at $14,474, the typical annual property tax bill is $152, well below the national median of $2,690. Property taxes in Quemado are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Quemado'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 Quemado or another part of Kinney County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Quemado, 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 Quemado Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quemado with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quemado 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 Quemado, Texas
Property taxes in Quemado, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quemado is 1.61%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Quemado set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quemado 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 Quemado's effective property tax rate to other counties in Texas and the national median. For comparison, the 78877 zip code has the highest median property tax rate of 1.61%, while the 78877 zip code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with Quemado provides valuable insights into the varying tax landscape across Kinney County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Quemado Tax Rate
1.61%
Average Kinney County Tax Rate
1.24%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quemado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78877 | 0.61% | 1.50% | 1.61% | 1.69% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Quemado, Texas
In Quemado, 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 Kinney 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 Quemado, 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 Quemado 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 78877, with a value of $152.00.
Average Quemado Assessed Value
$14,474
Average Kinney County Assessed Value
$60,449
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Quemado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78877 | $1,740 | $3,140 | $14,474 | $42,597 | $72,265 |
Source: Ownwell
Property Tax Bills Across Quemado, Texas
In Quemado, located in Kinney County, TX, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, such as property size, location, and condition. Homeowners in Quemado experience a range of tax bills. For instance, the 25th percentile tax bill is around $42, while those in the 75th percentile pay approximately $390. The 90th percentile sees tax bills as high as $817. These figures illustrate the variability in tax burdens depending on property values and specific circumstances. Compared to the national median property tax rate of 0.99%, homeowners in Quemado generally face lower tax bills due to the relatively modest median home price of $14,474. This means that property taxes in Quemado are more affordable for many residents, providing some financial relief compared to other regions.
Average Quemado Tax Bill
$152
Average Kinney County Tax Bill
$604
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Quemado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78877 | $23 | $42 | $152 | $390 | $817 |
Source: Ownwell