Ingleside On The Bay, Texas Property Taxes
The median property tax rate in Ingleside on the Bay, TX is 1.49%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Ingleside on the Bay at $167,260, the typical annual property tax bill reaches $2,494, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ingleside on the Bay'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 Ingleside on the Bay 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
Ingleside On The Bay, 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 Ingleside on the Bay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ingleside on the Bay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ingleside on the Bay 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 Ingleside On The Bay, Texas
Property taxes in Ingleside on the Bay, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ingleside on the Bay is 1.49%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Ingleside on the Bay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ingleside on the Bay 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 Ingleside on the Bay's effective property tax rate to other counties in Texas and the national median. For comparison, the 78362 zip code has the highest median property tax rate of 1.49%, while the 78362 zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Ingleside on the Bay provides valuable insights into the varying tax landscape across San Patricio County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ingleside On The Bay Tax Rate
1.49%
Average San Patricio County Tax Rate
1.88%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ingleside On The Bay, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78362 | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Ingleside On The Bay, Texas
In Ingleside on the Bay, 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 San Patricio 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 Ingleside on the Bay, 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. Being aware of these valuation processes in Ingleside on the Bay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in this area is $167,260, with the 25th percentile tax bill at $2,410 and the 75th percentile at $2,577. Interestingly, the zip code 78362 has both the highest and lowest median tax bill of $2,494.
Property Tax Assessment Values Across Ingleside On The Bay, Texas
Source: Ownwell
$72,070
$163,490
$254,909
Average Ingleside On The Bay Assessed Value
$167,260
Average San Patricio County Assessed Value
$177,138
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ingleside On The Bay, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78362 | $158,316 | $161,670 | $167,260 | $172,851 | $176,205 |
Source: Ownwell
Property Tax Bills Across Ingleside On The Bay, Texas
In Ingleside on the Bay, property tax bills are calculated based on the assessed value of a home, which is determined by the San Patricio County appraisal district. The median home price in this area is $167,260, and the tax rate is applied to this assessed value to determine the tax bill. For example, homeowners in the 25th percentile can expect a tax bill around $2,410, while those in the 75th percentile might see a bill closer to $2,577. The 90th percentile of homeowners face tax bills as high as $2,627. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. This system ensures that property taxes are proportionate to the value of the home, impacting homeowners by directly correlating their tax obligations with the market value of their property. Compared to the national median property tax rate of 0.99%, the rates in Ingleside on the Bay reflect the unique economic conditions of the area.
Average Ingleside On The Bay Tax Bill
$2,494
Average San Patricio County Tax Bill
$3,126
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ingleside On The Bay, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78362 | $2,360 | $2,410 | $2,494 | $2,577 | $2,627 |
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 | |
|---|---|
| San Patricio Appraisal District | |
| Website | esearch.sanpatcad.org |