Comstock, Texas Property Taxes
The median property tax rate in Comstock, TX is 1.52%, considerably higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With a median home value of $32,597 in Comstock, the typical annual property tax bill reaches $389, significantly lower than the national median of $2,690. Property taxes in Comstock are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Comstock'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 Comstock 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
Comstock, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$495
$460
Ownwell’s Comstock Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Comstock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Comstock to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Comstock, Texas
Property taxes in Comstock, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Comstock is 1.52%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Comstock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Comstock 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 Comstock's effective property tax rate to other counties in Texas and the national median. For comparison, the 78837 zip code has the highest median property tax rate of 1.52%, while the same zip code also has the lowest median tax rate of 1.52%. Understanding how these cities compare with Comstock provides valuable insights into the varying tax landscape across Val Verde County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Comstock Tax Rate
1.52%
Average Val Verde County Tax Rate
1.36%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Comstock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78837 | 0.49% | 1.31% | 1.52% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Comstock, Texas
In Comstock, 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 Val Verde 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 Comstock, 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 Comstock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 78837, while the lowest is also 78837, each with a median tax bill of $389.
Average Comstock Assessed Value
$32,597
Average Val Verde County Assessed Value
$133,527
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Comstock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78837 | $4,994 | $12,332 | $32,597 | $80,900 | $179,966 |
Source: Ownwell
Property Tax Bills Across Comstock, Texas
In Comstock, located in Val Verde County, TX, property tax bills are calculated based on the assessed value of a property, which is derived from the market value. The median home price in Comstock is $32,597. The property tax rate in Texas is applied to this assessed value to determine the annual tax bill. For homeowners in Comstock, the tax bill can vary significantly. At the 25th percentile, the tax bill is around $139, while at the 75th percentile, it can reach up to $896. Those in the 90th percentile may see tax bills as high as $1,990. Factors influencing the tax bill include the property's assessed value and the specific tax rate set by local taxing authorities. Comparatively, the national median property tax rate is 0.99%, which can provide a benchmark for understanding how Comstock's rates stack up. Homeowners in Comstock should be aware of these factors as they can significantly impact their annual financial obligations and overall cost of homeownership.
Average Comstock Tax Bill
$389
Average Val Verde County Tax Bill
$1,445
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Comstock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78837 | $66 | $139 | $389 | $896 | $1,990 |
Source: 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 | |
|---|---|
| Val Verde Appraisal District | |
| Website | valverdecad.org |