Mission, Texas Property Taxes
The median property tax rate in Mission, TX is 1.71%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Mission, the typical annual property tax bill reaches $4,428, exceeding the national median of $2,690. Property taxes in Mission 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 Mission'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 Mission 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
Mission, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$4,419
$4,089
$1,148
Average Mission, Texas Tax Savings
Ownwell’s Mission Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mission with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mission to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Mission. 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 Mission, Texas
Property taxes in Mission, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mission is 1.71%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Mission set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mission 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 Mission's effective property tax rate to other counties in Texas and the national median. For comparison, the 78574 zip code has the highest median property tax rate of 1.71%, while the same zip code also has the lowest median tax rate of 1.71%. Understanding how these cities compare with Mission provides valuable insights into the varying tax landscape across Hidalgo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mission Tax Rate
1.71%
Average Travis County Tax Rate
1.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mission, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78574 | 1.71% | 1.71% | 1.71% | 1.71% | 1.71% |
Source: Ownwell
$1,148
Average Mission Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mission, Texas
In Mission, 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 Hidalgo 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 Mission, 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 Mission helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Mission is $258,447, with the highest and lowest median tax bills both at $4,428 in the 78574 zip code.
Average Mission Assessed Value
$258,447
Average Travis County Assessed Value
$537,591
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mission, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78574 | $258,447 | $258,447 | $258,447 | $258,447 | $258,447 |
Source: Ownwell
$1,148
Average Mission Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mission, Texas
In Mission, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. For instance, the median home price is $258,447, and the tax bill at various percentiles (25th, 75th, and 90th) is consistently $4,428. This indicates a stable tax rate across different property values. Factors influencing the tax bill include the property's assessed value, the local tax rate, and any applicable exemptions. Homeowners in Mission face a median property tax rate higher than the national median of 0.99%, making it crucial to ensure their property is accurately assessed. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By reviewing property assessments and identifying potential discrepancies, Ownwell can help reduce the assessed value, thereby lowering the tax bill. Additionally, Ownwell guides homeowners through exemption applications, further reducing their financial burden. This comprehensive approach ensures that homeowners in Mission can achieve significant savings on their property tax bills.
Average Mission Tax Bill
$4,428
Average Travis County Tax Bill
$7,669
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mission, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78574 | $4,428 | $4,428 | $4,428 | $4,428 | $4,428 |
Source: Ownwell
$1,148
Average Mission Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Travis Appraisal District | |
| Phone | (512) 834-9317 |
| Website | stage.travis.prodigycad.com |
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