Palacios, Matagorda County, Texas Property Taxes
Median Palacios, TX effective property tax rate: 1.50%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Palacios, TX home value: $104,570
Median annual Palacios, TX tax bill: $1,448, $952 lower than the national median property tax bill of $2,400.
How are property taxes in Matagorda County calculated?
Property taxes in Palacios, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Palacios’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Palacios, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Palacios, Matagorda County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.5%
Estimate Property Tax Bill
$1,569
$1,456
Property Tax Rates Across Palacios, Matagorda County, Texas
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Palacios Tax Rate
1.50%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Matagorda County Tax Rate
1.53%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Palacios, Matagorda County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77465 | 0.52% | 0.89% | 1.50% | 2.46% | 2.76% |
Source: Ownwell
Property Tax Assessment Values Across Palacios, Matagorda County, Texas
When examining property taxes in Palacios, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Matagorda County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Matagorda County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Palacios. For example, the median home price in Palacios is $104,570, with tax bills ranging significantly across the county. ZIP code 77465 has the highest median home price at $104,570.
Property Tax Assessment Values Across Palacios, Matagorda County, Texas
Source: Ownwell
$6,020
$106,385
$206,750
Median Palacios Market Value
$104,570
Median Matagorda County Market Value
$130,525
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Palacios, Matagorda County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77465 | $12,440 | $44,970 | $104,570 | $201,120 | $332,386 |
Source: Ownwell
Property Tax Bills Across Palacios, Matagorda County, Texas
In Palacios, located in Matagorda County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the home's market value. The tax rate, set by local taxing authorities, is then applied to the assessed value to determine the tax bill. The median home price in Palacios is $104,570, with tax bills ranging from $526 at the 25th percentile to $4,374 at the 90th percentile. The median tax bill is $1,448, which is below the national median property tax bill of $2,400.
Homeowners in Palacios may face financial strain from property taxes, especially if their assessments are inaccurate or if they are unaware of available exemptions. Ownwell helps homeowners by providing professional property tax appeal and exemption services, potentially lowering their tax bills. By leveraging local expertise and data-driven insights, Ownwell ensures that homeowners pay only their fair share, offering peace of mind and financial relief.
Median Palacios Tax Bill
$1,448
Median Matagorda County Tax Bill
$1,664
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Palacios, Matagorda County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77465 | $172 | $526 | $1,448 | $2,816 | $4,374 |
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 | |
|---|---|
| Matagorda Appraisal District | |
| Website | propaccess.trueautomation.com |