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Ovalo, Taylor County, Texas Property Taxes

  • Median Ovalo, TX effective property tax rate: 1.36%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Ovalo, TX home value: $253,958

  • Median annual Ovalo, TX tax bill: $2,410, $10 higher than the national median property tax bill of $2,400.

How are property taxes in Taylor County calculated?

Property taxes in Ovalo, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Ovalo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ovalo, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Ovalo, Taylor County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.36%

Estimate Property Tax Bill

$3,454

$3,205

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Ovalo Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ovalo with just two data points. By entering your property's estimated assessed value, our calculator applies Ovalo’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Taylor County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ovalo, Taylor County, Texas

Local government entities set tax rates, and these can vary significantly within a state. Each county annually estimates its budget to provide essential services and divides this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is essentially the annual process.

In Ovalo, located in Taylor County, Texas, the property tax rate is a reflection of this process. The effective property tax rate in Ovalo is 1.36%, which aligns with the highest and lowest median tax rates in the area. Compared to the national median property tax rate of 1.02%, Ovalo's rate is higher, indicating a potentially greater investment in local services. However, it is important to consider the overall tax bill and property values when evaluating the impact on homeowners. By understanding these rates, residents can better assess their property tax obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Ovalo, Taylor County, Texas

Source: Ownwell

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1.23%

1.77%

2.31%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Ovalo Tax Rate

1.36%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Taylor County Tax Rate

2.16%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ovalo, Taylor County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
795410.37%0.82%1.36%1.44%1.44%

Source: Ownwell

Property Tax Assessment Values Across Ovalo, Taylor County, Texas

When examining property taxes in Ovalo, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Taylor County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Taylor County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Ovalo. For example, the median home price in Ovalo is $253,958, with tax bills ranging significantly across the county. 79541 has the highest median home price at $253,958.

Property Tax Assessment Values Across Ovalo, Taylor County, Texas

Source: Ownwell

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$32,782

$163,580

$294,378

Median Ovalo Market Value

$253,958

Median Taylor County Market Value

$148,796

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ovalo, Taylor County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
79541$31,641$91,044$253,958$413,759$542,959

Source: Ownwell

Property Tax Bills Across Ovalo, Taylor County, Texas

In Ovalo, located in Taylor County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the home's market value. With a median home price of $253,958, homeowners in Ovalo typically face property tax bills around the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $757 and the 75th percentile reaching $5,176, while the 90th percentile can be as high as $6,482. These variations are influenced by factors such as property size, location, and local tax rates. High property taxes can strain homeowners' finances, but Ownwell offers a solution by helping to appeal and lower property tax assessments. By utilizing expert knowledge of local tax laws and providing personalized assistance, Ownwell ensures homeowners pay only their fair share, potentially saving them hundreds or even thousands of dollars on their annual property tax bills.

Property Tax Bills Across Ovalo, Taylor County, Texas

Source: Ownwell

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$435

$2,725

$5,015

Median Ovalo Tax Bill

$2,410

Median Taylor County Tax Bill

$3,051

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Ovalo, Taylor County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
79541$281$757$2,410$5,176$6,482

Source: Ownwell

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