Eldorado, Texas Property Taxes
The median property tax rate in Eldorado, TX is 1.54%, higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Eldorado, the typical annual property tax bill reaches $772, which is significantly lower than the national median of $2,690. Property taxes in Eldorado are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Eldorado'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 Eldorado or another part of Schleicher County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eldorado, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$845
$784
Ownwell’s Eldorado Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eldorado with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eldorado 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 Eldorado, Texas
Property taxes in Eldorado, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eldorado is 1.54%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Eldorado set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eldorado 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 Eldorado's effective property tax rate to other counties in Texas and the national median. For comparison, the 76936 zip code has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with Eldorado provides valuable insights into the varying tax landscape across Schleicher County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eldorado Tax Rate
1.54%
Average Schleicher County Tax Rate
1.53%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eldorado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76936 | 0.70% | 1.07% | 1.54% | 2.54% | 2.80% |
Source: Ownwell
Property Tax Assessment Values Across Eldorado, Texas
In Eldorado, 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 Schleicher 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. 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 Eldorado helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Eldorado, the highest median tax bill is $772 in the 76936 zip code, while the lowest median tax bill is also $772 in the same zip code.
Average Eldorado Assessed Value
$54,860
Average Schleicher County Assessed Value
$56,040
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eldorado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76936 | $4,984 | $21,675 | $54,860 | $108,280 | $218,718 |
Source: Ownwell
Property Tax Bills Across Eldorado, Texas
In Eldorado, Schleicher County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Eldorado is $54,860. Property taxes are determined by multiplying the assessed value by the tax rate set by local taxing authorities. For example, a home valued at the median price could see tax bills ranging from $328 at the 25th percentile to $1,482 at the 75th percentile, with the 90th percentile reaching up to $2,374. These tax bills are influenced by various factors including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Eldorado's rates can significantly affect homeowners, potentially leading to higher annual costs depending on the assessed value and specific tax rate applied. It's essential for homeowners to understand these factors to anticipate their financial obligations accurately.
Average Eldorado Tax Bill
$772
Average Schleicher County Tax Bill
$773
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Eldorado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76936 | $106 | $328 | $772 | $1,482 | $2,374 |
Source: Ownwell