Ozona, Texas Property Taxes
The median property tax rate in Ozona, TX is 0.52%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $50,710 in Ozona, the typical annual property tax bill is $357, well below the national median of $2,690. Property taxes in Ozona are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ozona'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 Ozona 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
Ozona, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Ozona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ozona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ozona 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 Ozona, Texas
Property taxes in Ozona, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ozona is 0.52%, significantly lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Ozona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ozona 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 Ozona's effective property tax rate to other counties in Texas and the national median. For comparison, the 76943 zip code has the highest median property tax rate of 0.52%, while the same zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Ozona provides valuable insights into the varying tax landscape across Crockett County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ozona Tax Rate
0.52%
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 Ozona, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76943 | 0.27% | 0.36% | 0.52% | 0.68% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Ozona, Texas
In Ozona, 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 Ozona, 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 Ozona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Ozona are both $357.00 in the zip code 76943, reflecting a consistent tax environment across the area.
Average Ozona Assessed Value
$50,710
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 Ozona, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76943 | $27,272 | $36,061 | $50,710 | $65,358 | $74,147 |
Source: Ownwell
Property Tax Bills Across Ozona, Texas
In Ozona, located in Val Verde County, TX, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the home. For instance, with a median home price of $50,710, the tax bill can vary significantly. Tax rates and exemptions are applied to this assessed value to determine the final tax bill. Several factors influence the property tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Ozona can expect tax bills to fall within a range, with the 25th percentile at $201 and the 75th percentile at $514. The 90th percentile sees tax bills around $608. Comparatively, the national median property tax rate is 0.99%, making Ozona's property taxes relatively moderate. These property taxes fund essential community services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in Ozona.
Average Ozona Tax Bill
$357
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 Ozona, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76943 | $107 | $201 | $357 | $514 | $608 |
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 |