Point Venture, Texas Property Taxes
The median property tax rate in Point Venture, TX is 2.31%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Point Venture, the typical annual property tax bill reaches $9,843, exceeding the national median of $2,690. Property taxes in Point Venture 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 Point Venture'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 Point Venture 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
Point Venture, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.31%
Estimate Property Tax Bill
$10,164
$9,404
$1,148
Average Point Venture, Texas Tax Savings
Ownwell’s Point Venture Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Point Venture with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Point Venture 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 Point Venture. 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 Point Venture, Texas
Property taxes in Point Venture, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Point Venture is 2.31%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Point Venture set these rates annually, and they can vary significantly across different neighborhoods. Each year, Point Venture 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 Point Venture's effective property tax rate to other counties in Texas and the national median. For comparison, the 78645 zip code has the highest median property tax rate of 2.31%, while the 78645 zip code has the lowest median tax rate of 2.31%. Understanding how these cities compare with Point Venture provides valuable insights into the varying tax landscape across Travis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Point Venture Tax Rate
2.31%
Average Travis County Tax Rate
1.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Point Venture, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78645 | 0.92% | 1.05% | 2.31% | 2.56% | 2.72% |
Source: Ownwell
$1,148
Average Point Venture Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Point Venture, Texas
In Point Venture, 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 Travis Central 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 Point Venture, 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. For instance, the zip code 78645 has both the highest and lowest median tax bill at $9,843. Being aware of these valuation processes in Point Venture helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Point Venture Assessed Value
$439,992
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 Point Venture, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78645 | $376,902 | $395,314 | $439,992 | $474,278 | $520,551 |
Source: Ownwell
$1,148
Average Point Venture Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Point Venture, Texas
In Point Venture, Travis County, TX, property tax bills are calculated based on the assessed value of your home, which is determined by the county appraisal district. The local tax rate is then applied to this assessed value to determine your annual tax bill. Factors such as property improvements, market conditions, and local tax rates influence the assessed value. For instance, with a median home price of $439,992, homeowners in Point Venture can expect varying tax bills, from the 25th percentile at $4,925 to the 90th percentile at $11,691. These tax bills can significantly impact homeowners, especially when the highest median tax bill in the area is $9,843. Ownwell can assist homeowners by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it with similar properties, Ownwell identifies opportunities to lower your tax bill, potentially saving you thousands of dollars annually. With their expertise, you can ensure you're not overpaying on your property taxes.
Average Point Venture Tax Bill
$9,843
Average Travis County Tax Bill
$7,669
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Point Venture, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78645 | $4,128 | $4,925 | $9,843 | $10,824 | $11,691 |
Source: Ownwell
$1,148
Average Point Venture 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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