Voca, Texas Property Taxes
The median property tax rate in Voca, TX is 1.67%, considerably higher than the national median of 0.99%. With the median home value in Voca at $102,910, the typical annual property tax bill reaches $1,472, which is below the national median of $2,690. Property taxes in Voca are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Voca'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 Voca or another part of McCulloch County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Voca, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$1,719
$1,595
Ownwell’s Voca Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Voca with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Voca 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 Voca, Texas
Property taxes in Voca, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Voca is 1.67%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Voca set these rates annually, and they can vary significantly across different neighborhoods. Each year, Voca 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 Voca's effective property tax rate to other counties in Texas and the national median. For comparison, the 76887 zip code has the highest median property tax rate of 1.67%, while the 76887 zip code has the lowest median tax rate of 1.67%. Understanding how these cities compare with Voca provides valuable insights into the varying tax landscape across McCulloch County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Voca Tax Rate
1.67%
Average Mcculloch County Tax Rate
1.81%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Voca, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76887 | 1.15% | 1.48% | 1.67% | 1.82% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Voca, Texas
In Voca, 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 McCulloch 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 Voca, 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. For instance, the median home price in Voca is $102,910, with tax bills ranging from $981 at the 25th percentile to $3,371 at the 90th percentile. The highest median tax bill is $1,472 in the 76887 zip code, which also has the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Voca Assessed Value
$102,910
Average Mcculloch County Assessed Value
$74,310
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Voca, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76887 | $37,492 | $69,840 | $102,910 | $158,730 | $193,152 |
Source: Ownwell
Property Tax Bills Across Voca, Texas
In Voca, located in McCulloch County, TX, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the home's market value, which is $102,910 on average in Voca. This value is then multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, the 25th percentile tax bill in Voca is $981, while the 75th percentile reaches $2,415, and the 90th percentile can be as high as $3,371. These variations show how different property values and applicable exemptions can significantly impact the tax burden on homeowners. Homeowners in Voca should be aware of these factors as they directly affect their annual financial obligations. Compared to the national median property tax rate of 0.99%, Voca's property taxes can vary widely, making it essential for homeowners to understand their specific situation.
Average Voca Tax Bill
$1,472
Average Mcculloch County Tax Bill
$1,255
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Voca, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76887 | $510 | $981 | $1,472 | $2,415 | $3,371 |
Source: Ownwell