Sugar Valley, Texas Property Taxes
The median property tax rate in Sugar Valley, TX is 0.23%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $255,340 in Sugar Valley, the typical annual property tax bill amounts to $585, which is much less than the national median of $2,690. Property taxes in Sugar Valley are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. By understanding Sugar Valley's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Sugar Valley or another part of Matagorda County, gaining insight into the local property tax system can be highly beneficial.
Last Updated June 14, 2024
Sugar Valley, 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 Sugar Valley Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Sugar Valley. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Sugar Valley to provide an accurate estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities and make informed decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value is determined by the county for tax purposes, factoring in any applicable exemptions.
Property Tax Rates Across Sugar Valley, Texas
Property taxes in Sugar Valley, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sugar Valley is 0.23%, lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Sugar Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sugar Valley 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 Sugar Valley's effective property tax rate to other counties in Texas and the national median. For comparison, 77494 has the highest median property tax rate of 2.51%, while 79854 has the lowest median tax rate of 0.18%. Understanding how these cities compare with Sugar Valley provides valuable insights into the varying tax landscape across Matagorda County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sugar Valley Tax Rate
0.23%
Average Matagorda County Tax Rate
1.53%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sugar Valley, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77480 | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% |
Source: Ownwell
Property Tax Assessment Values Across Sugar Valley, Texas
In Sugar Valley, 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 Matagorda 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 Sugar Valley, 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. Notably, the highest median tax bill in the area is $585 in the 77480 zip code, which is also the lowest median 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 Sugar Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sugar Valley Assessed Value
$255,340
Average Matagorda County Assessed Value
$130,525
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sugar Valley, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77480 | $255,340 | $255,340 | $255,340 | $255,340 | $255,340 |
Source: Ownwell
Property Tax Bills Across Sugar Valley, Texas
In Sugar Valley, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. In Matagorda County, where Sugar Valley is located, the median home price is $255,340. Homeowners in Sugar Valley typically see a median property tax bill of $585. This figure is significantly lower than the national median property tax rate of 0.99%. The consistent tax bill amount across various percentiles—25th, 75th, and 90th—indicates a stable tax environment for residents. For homeowners, this means predictable and relatively low property tax expenses, allowing for better financial planning and stability. Lower property taxes can make homeownership more affordable and attractive, potentially boosting the local real estate market.
Average Sugar Valley Tax Bill
$585
Average Matagorda County Tax Bill
$1,664
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Sugar Valley, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77480 | $585 | $585 | $585 | $585 | $585 |
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 |