Yoakum, Texas Property Taxes
The median property tax rate in Yoakum, TX is 1.68%, which is notably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Yoakum at $113,409, the typical annual property tax bill amounts to $1,807, falling below the national median of $2,690. Property taxes in Yoakum are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Yoakum'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 Yoakum 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
Yoakum, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$1,905
$1,768
Ownwell’s Yoakum Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Yoakum with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yoakum 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 Yoakum, Texas
Property taxes in Yoakum, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yoakum is 1.68%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Yoakum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yoakum 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 Yoakum's effective property tax rate to other counties in Texas and the national median. For comparison, the 77995 zip code has the highest median property tax rate of 1.68%, while the 77995 zip code also has the lowest median tax rate of 1.68%. Understanding how these cities compare with Yoakum provides valuable insights into the varying tax landscape across Lavaca County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Yoakum Tax Rate
1.68%
Average Lavaca County Tax Rate
1.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yoakum, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77995 | 0.67% | 1.35% | 1.68% | 1.78% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Yoakum, Texas
In Yoakum, 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 Lavaca 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 Yoakum, 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 Yoakum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,807 in the 77995 zip code, while the lowest median tax bill is also $1,807 in the same zip code.
Average Yoakum Assessed Value
$113,409
Average Lavaca County Assessed Value
$161,748
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yoakum, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77995 | $20,970 | $53,136 | $113,409 | $237,546 | $434,432 |
Source: Ownwell
Property Tax Bills Across Yoakum, Texas
In Yoakum, property tax bills are calculated based on the assessed value of a home, which is determined by the Lavaca County appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $113,409, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. These factors can lead to significant variations in tax bills, with the 25th percentile at $968, the 75th percentile at $3,263, and the 90th percentile reaching up to $4,972. The median tax bill in Yoakum stands at $1,807, which is notably higher than the national median property tax rate of 0.99%. Understanding these details helps homeowners anticipate their annual property tax obligations, allowing them to budget more effectively and seek potential exemptions to reduce their tax burden.
Average Yoakum Tax Bill
$1,807
Average Lavaca County Tax Bill
$2,167
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Yoakum, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77995 | $456 | $968 | $1,807 | $3,263 | $4,972 |
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 | |
|---|---|
| Lavaca Appraisal District | |
| Website | propaccess.trueautomation.com |