Val Verde County Property Taxes
The median property tax rate in Val Verde County is 1.36%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Val Verde County at $133,527, the typical annual property tax bill is $1,445, exceeding the national median of $2,690. Property taxes in Val Verde County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Val Verde County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Del Rio or another part of Val Verde County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Val Verde County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$1,816
$1,680
Ownwell’s Val Verde Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Val Verde with just 2 data points. Enter your property's estimated assessed value, our calculator applies the median tax rate in Val Verde to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Val Verde County, Texas
Property taxes in Val Verde County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Val Verde County is 1.36%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Val Verde County set these rates annually, and they can vary significantly between different areas within the county. Each year, Val Verde County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Val Verde County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Langtry has one of the higher property tax rates in Texas at 1.52%, while the city of Ozona boasts one of the lowest at 0.52%. Analyzing how Val Verde County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Val Verde County Tax Rate
1.36%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Val Verde County, Texas
In Val Verde County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Val Verde Appraisal District. The assessed value, however, 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 in Val Verde County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Val Verde County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Del Rio has the highest median tax bill at $1,509, while Dryden has the lowest at $347.
Average Val Verde County Assessed Value
$133,527
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Bills Across Val Verde County, Texas
In Val Verde County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Val Verde County is $133,527, and the median property tax rate is 0.99%, which is in line with the national average. Several factors influence the final tax bill, including the home's market value, exemptions for which the homeowner may qualify, and the specific tax rates set by local taxing entities. For example, in Val Verde County, tax bills can vary significantly. Homeowners in the 25th percentile pay around $450 annually, while those in the 75th percentile face a tax bill of approximately $3,021. The highest median tax bill in the county is $1,509 in Del Rio, whereas the lowest median tax bill is $347 in Dryden. These variations can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Val Verde County Tax Bill
$1,445
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
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 | |
|---|---|
| Val Verde Appraisal District | |
| Website | valverdecad.org |