Van, Texas Property Taxes
The median property tax rate in VAN, TX is 1.05%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $202,580 in VAN, the typical annual property tax bill is around $1,851, which is below the national median of $2,690. Property taxes in VAN are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding VAN'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 VAN 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
Van, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$2,127
$1,974
$1,148
Average Tax Savings
Ownwell’s VAN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in VAN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in VAN 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 VAN. 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 Van, Texas
Property taxes in VAN, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in VAN is 1.05%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within VAN set these rates annually, and they can vary significantly across different neighborhoods. Each year, VAN 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 VAN's effective property tax rate to other counties in Texas and the national median. For comparison, the 75790 zip code has both the highest and lowest median property tax rate of 1.05%. Understanding how these cities compare with VAN provides valuable insights into the varying tax landscape across Van Zandt, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Van Tax Rate
1.05%
Average Van Zandt County Tax Rate
0.90%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Van, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75790 | 0.28% | 0.51% | 1.05% | 1.60% | 2.26% |
Source: Ownwell
$1,148
Average Van Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Van, Texas
In VAN, 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 Van Zandt 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 VAN, 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 example, the median home price in VAN is $202,580, with tax bills ranging from $824 at the 25th percentile to $5,143 at the 90th percentile. The zip code with the highest median tax bill is 75790, at $1,851. 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 VAN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Van Assessed Value
$202,580
Average Van Zandt County Assessed Value
$183,735
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Van, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75790 | $63,870 | $126,678 | $202,580 | $302,110 | $434,652 |
Source: Ownwell
$1,148
Average Van Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Van, Texas
In Van, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Van is $202,580, with property tax bills ranging from $824 at the 25th percentile to $5,143 at the 90th percentile. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Van Zandt County can face substantial tax bills, particularly if their property is valued on the higher end. Factors such as property improvements, neighborhood developments, and market trends can influence the assessed value, subsequently affecting the tax bill. Homeowners may find these taxes burdensome, especially when compared to the national median property tax rate of 0.99%. Ownwell can help homeowners in Van by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell identifies opportunities for reducing your tax bill. This can result in significant savings and ensure you are not overpaying on your property taxes.
Average Van Tax Bill
$1,851
Average Van Zandt County Tax Bill
$1,296
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Van, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75790 | $372 | $824 | $1,851 | $3,468 | $5,143 |
Source: Ownwell
$1,148
Average Van 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 | |
|---|---|
| Van Zandt Appraisal District | |
| Website | esearch.vzcad.org |
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