Valley Spring, Texas Property Taxes
The median property tax rate in Valley Spring, TX is 0.60%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $139,455 in Valley Spring, the typical annual property tax bill amounts to $684, well below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Valley Spring'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 Valley Spring or another part of Llano County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Valley Spring, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$837
$776
$1,148
Average Tax Savings
Ownwell’s Valley Spring Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valley Spring with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valley Spring to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Valley Spring. 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 Valley Spring, Texas
Property taxes in Valley Spring, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valley Spring is 0.60%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Valley Spring set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valley Spring 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 Valley Spring's effective property tax rate to other counties in Texas and the national median. For comparison, the 76885 zip code has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Valley Spring provides valuable insights into the varying tax landscape across Llano County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Valley Spring Tax Rate
0.60%
Average Llano County Tax Rate
1.32%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valley Spring, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76885 | 0.27% | 0.40% | 0.60% | 1.02% | 1.32% |
Source: Ownwell
$1,148
Average Valley Spring Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Valley Spring, Texas
In Valley Spring, 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 Llano 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 Valley Spring, 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. For instance, the zip code with the highest median tax bill is 76885, with a median tax bill of $684, while the lowest median tax bill is also $684 in the same zip code. Understanding these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Valley Spring Assessed Value
$139,455
Average Llano County Assessed Value
$250,390
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Valley Spring, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76885 | $36,394 | $84,332 | $139,455 | $226,158 | $353,854 |
Source: Ownwell
$1,148
Average Valley Spring Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Valley Spring, Texas
In Valley Spring, Llano County, TX, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. With a median home price of $139,455, homeowners can expect varying tax bills. For instance, those in the 25th percentile face tax bills around $331, while those in the 75th percentile see bills closer to $1,696, and the 90th percentile can reach up to $3,210. These figures are influenced by factors such as property size, location, and improvements. The tax rate in Valley Spring is slightly above the national median property tax rate of 0.99%. This can significantly impact homeowners, especially those with higher-assessed properties. Ownwell helps homeowners save on their property tax bills by providing expert property tax appeal and exemption services. By leveraging local market data and applying their expertise, Ownwell can identify discrepancies in assessed values and work to reduce the tax burden, ensuring homeowners pay only their fair share.
Average Valley Spring Tax Bill
$684
Average Llano County Tax Bill
$2,837
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Valley Spring, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76885 | $165 | $331 | $684 | $1,696 | $3,210 |
Source: Ownwell
$1,148
Average Valley Spring Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Llano Appraisal District | |
| Website | esearch.llanocad.net |
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