Imperial, Texas Property Taxes
The median property tax rate in Imperial, TX is 2.08%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Imperial at $49,675, the typical annual property tax bill reaches $827, exceeding the national median of $2,690. Property taxes in Imperial 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 Imperial'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 Imperial 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
Imperial, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.08%
Estimate Property Tax Bill
$1,033
$959
Ownwell’s Imperial Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Imperial with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Imperial 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 Imperial, Texas
Property taxes in Imperial, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Imperial is 2.08%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Imperial set these rates annually, and they can vary significantly across different neighborhoods. Each year, Imperial 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 Imperial's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 79743 has the highest median property tax rate of 2.08%, while it also has the lowest median tax rate of 2.08%. Understanding how these cities compare with Imperial provides valuable insights into the varying tax landscape across Pecos County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Imperial Tax Rate
2.08%
Average Pecos County Tax Rate
2.01%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Imperial, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79743 | 1.45% | 1.73% | 2.08% | 2.08% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Imperial, Texas
In Imperial, 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 Pecos 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 Imperial, 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 Imperial is $49,675, with tax bills ranging from $221 at the 25th percentile to $3,280 at the 90th percentile. 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 Imperial helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Imperial Assessed Value
$49,675
Average Pecos County Assessed Value
$98,890
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Imperial, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79743 | $2,384 | $12,765 | $49,675 | $94,530 | $173,358 |
Source: Ownwell
Property Tax Bills Across Imperial, Texas
In Imperial, located in Pecos County, TX, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Imperial is $49,675. Property tax bills can vary significantly, with the 25th percentile tax bill at $221 and the 75th percentile reaching $1,585. At the higher end, the 90th percentile tax bill can be as much as $3,280 annually. These taxes fund essential public services such as schools, emergency services, and infrastructure maintenance, directly impacting homeowners. Although the highest and lowest median tax bills in Imperial are both $827, this figure can still be a considerable expense for many residents. Comparing this to the national median property tax rate of 0.99%, homeowners in Imperial may find their tax rates to be relatively manageable, yet it's crucial to stay informed about local tax policies and potential exemptions.
Average Imperial Tax Bill
$827
Average Pecos County Tax Bill
$1,702
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Imperial, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79743 | $48 | $221 | $827 | $1,585 | $3,280 |
Source: Ownwell