Sunset Valley, Texas Property Taxes
The median property tax rate in Sunset Valley, TX is 0.70%, notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $1,303,504, the typical annual property tax bill in Sunset Valley reaches $9,451, significantly surpassing the national median of $2,690. Property taxes in Sunset Valley are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sunset Valley'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 Sunset Valley 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
Sunset Valley, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$9,125
$8,442
$1,148
Average Sunset Valley, Texas Tax Savings
Ownwell’s Sunset Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sunset Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sunset Valley 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 Sunset Valley. 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 Sunset Valley, Texas
Property taxes in Sunset Valley, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sunset Valley is 0.70%, which is higher than the Texas state median of 0.69% but lower than the U.S. national median of 0.99%. Local government entities within Sunset Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sunset Valley 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 Sunset Valley's effective property tax rate to other counties in Texas and the national median. For comparison, the 78745 zip code has the highest median property tax rate of 0.71%, while the 78735 zip code has the lowest median tax rate of 0.63%. Understanding how these cities compare with Sunset Valley 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 Sunset Valley Tax Rate
0.70%
Average Travis County Tax Rate
1.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sunset Valley, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78735 | 0.33% | 0.47% | 0.63% | 0.86% | 1.21% |
| 78745 | 0.33% | 0.51% | 0.71% | 0.95% | 1.27% |
Source: Ownwell
$1,148
Average Sunset Valley Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Sunset Valley, Texas
In Sunset Valley, 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 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 Sunset Valley, 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. For instance, the highest median tax bill in the area is $9,496 in the 78745 zip code, while the lowest median tax bill is $7,863 in the 78735 zip code. 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 Sunset Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sunset Valley Assessed Value
$1,303,504
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 Sunset Valley, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78735 | $915,867 | $1,140,359 | $1,262,625 | $1,740,400 | $2,073,583 |
| 78745 | $921,536 | $1,145,214 | $1,306,421 | $1,535,659 | $2,021,498 |
Source: Ownwell
$1,148
Average Sunset Valley Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Sunset Valley, Texas
Property tax bills in Sunset Valley, located in Travis County, TX, are determined by assessing the property's market value and applying the local tax rate. The median home price in Sunset Valley is $1,303,504, with property tax bills ranging from $6,595 at the 25th percentile to $17,600 at the 90th percentile. Factors such as the property's assessed value, exemptions, and local tax rates play a crucial role in calculating the final tax bill. Homeowners in Sunset Valley often face higher property tax bills compared to the national median property tax rate of 0.99%. Ownwell can help homeowners in Sunset Valley save on their property tax bills by providing expert property tax appeal and exemption services. Our team of professionals analyzes your property's assessed value to identify potential inaccuracies and opportunities for reductions. By appealing over-assessed values and ensuring all eligible exemptions are applied, Ownwell can significantly lower your property tax burden, providing substantial savings and peace of mind.
Average Sunset Valley Tax Bill
$9,451
Average Travis County Tax Bill
$7,669
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Sunset Valley, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78735 | $3,295 | $5,891 | $7,863 | $11,662 | $15,401 |
| 78745 | $3,940 | $6,606 | $9,496 | $12,656 | $17,510 |
Source: Ownwell
$1,148
Average Sunset Valley 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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