Meyersville, Texas Property Taxes
The median property tax rate in Meyersville, TX is 0.45%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $168,400 in Meyersville, the typical annual property tax bill is around $633, far below the national median of $2,690. Property taxes in Meyersville are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural land. Understanding the property tax system in Meyersville, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Meyersville or another part of Victoria County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Meyersville, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$758
$701
Ownwell’s Meyersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meyersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meyersville 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 Meyersville, Texas
Property taxes in Meyersville, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Meyersville is 0.45%, which is lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Meyersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meyersville 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 Meyersville's effective property tax rate to other counties in Texas and the national median. For comparison, the 77974 zip code has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these cities compare with Meyersville provides valuable insights into the varying tax landscape across Victoria County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Meyersville Tax Rate
0.45%
Average Victoria County Tax Rate
1.42%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meyersville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77974 | 0.16% | 0.31% | 0.45% | 0.55% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Meyersville, Texas
In Meyersville, 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 Victoria 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 Meyersville, 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. The median home price in Meyersville stands at $168,400, with tax bills ranging from $290 at the 25th percentile to $1,926 at the 90th percentile. The zip code 77974 has both the highest and lowest median tax bill at $633. 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 Meyersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Meyersville Assessed Value
$168,400
Average Victoria County Assessed Value
$175,870
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meyersville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77974 | $28,448 | $64,610 | $168,400 | $319,065 | $467,946 |
Source: Ownwell
Property Tax Bills Across Meyersville, Texas
In Meyersville, TX, property tax bills are calculated based on the assessed value of the property and the local tax rate set by Victoria County. The assessed value is determined by the county appraisal district, which evaluates the property's market value. Homeowners in Meyersville can expect their property tax bill to vary significantly depending on their property's assessed value. For instance, the 25th percentile tax bill is approximately $290, while the 75th percentile tax bill is around $1,285. The 90th percentile tax bill can go up to $1,926, showcasing the range of tax obligations homeowners might face. This variation in tax bills can impact homeowners differently, especially when compared to the national median property tax rate of 0.99%. For a median home price of $168,400 in Meyersville, the tax burden can be a significant annual expense. Understanding these factors helps homeowners plan better for their financial responsibilities and ensures they are prepared for the annual property tax bill.
Average Meyersville Tax Bill
$633
Average Victoria County Tax Bill
$2,280
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Meyersville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77974 | $109 | $290 | $633 | $1,285 | $1,926 |
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 | |
|---|---|
| Victoria Appraisal District | |
| Website | propaccess.trueautomation.com |