Placedo, Texas Property Taxes
The median property tax rate in Placedo, TX is 1.07%, 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 $57,200, the typical annual property tax bill in Placedo is $469, well below the national median of $2,690. Property taxes in Placedo 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 Placedo’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 Placedo or another part of Victoria County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Placedo, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$612
$566
Ownwell’s Placedo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Placedo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Placedo 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 Placedo, Texas
Property taxes in Placedo, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Placedo is 1.07%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Placedo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Placedo 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 Placedo's effective property tax rate to other counties in Texas and the national median. For comparison, the 77977 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Placedo 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 Placedo Tax Rate
1.07%
Average Victoria County Tax Rate
1.42%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Placedo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77977 | 0.30% | 0.38% | 1.07% | 1.53% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Placedo, Texas
In Placedo, 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 Placedo, 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 Placedo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 77977 has both the highest and lowest median tax bill at $469, indicating a significant range in property tax responsibilities within the area.
Average Placedo Assessed Value
$57,200
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 Placedo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77977 | $7,230 | $17,555 | $57,200 | $118,015 | $157,600 |
Source: Ownwell
Property Tax Bills Across Placedo, Texas
In the city of Placedo, located in Victoria County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Placedo is $57,200, and the tax rate is applied to this assessed value to determine the annual property tax bill. Homeowners in Placedo can expect their tax bills to vary significantly, with the 25th percentile paying around $137, while those in the 75th percentile pay approximately $1,175. At the higher end, the 90th percentile sees tax bills reaching up to $2,336. Several factors influence these tax bills, including property size, location, and any applicable exemptions. For instance, properties in the zip code 77977 have a median tax bill of $469.00, which is the highest and lowest median tax bill in the area. Compared to the national median property tax rate of 0.99%, Placedo's property tax rates can significantly impact homeowners, potentially making homeownership more or less affordable depending on individual circumstances.
Average Placedo Tax Bill
$469
Average Victoria County Tax Bill
$2,280
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Placedo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77977 | $29 | $137 | $469 | $1,175 | $2,336 |
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 |