Victoria, Texas Property Taxes
The median property tax rate in Victoria, TX is 1.48%, noticeably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $180,260 in Victoria, the typical annual property tax bill is $2,491, slightly below the national median of $2,690. Property taxes in Victoria are determined based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Victoria's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether residing in the heart of Victoria or another part of the city, a thorough understanding of the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Victoria, 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 Victoria Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Victoria with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Victoria 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 Victoria, Texas
Property taxes in Victoria, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Victoria is 1.48%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Victoria set these rates annually, and they can vary significantly across different neighborhoods. Each year, Victoria 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 Victoria's effective property tax rate to other counties in Texas and the national median. For comparison, the 77904 zip code has the highest median property tax rate of 1.73%, while the 77905 zip code has the lowest median tax rate of 1.16%. Understanding how these cities compare with Victoria 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 Victoria Tax Rate
1.48%
Average Victoria County Tax Rate
1.42%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Victoria, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77901 | 0.48% | 0.94% | 1.50% | 1.88% | 2.10% |
| 77904 | 0.79% | 1.25% | 1.73% | 1.94% | 2.11% |
| 77905 | 0.28% | 0.70% | 1.16% | 1.47% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Victoria, Texas
In Victoria, 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 Victoria, 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. For instance, zip code 77904 has the highest median tax bill at $4,031, while zip code 77905 has the lowest at $1,604. Being aware of these valuation processes in Victoria helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Victoria Assessed Value
$180,260
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 Victoria, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77901 | $40,198 | $90,000 | $138,200 | $185,795 | $247,714 |
| 77904 | $112,420 | $191,215 | $238,630 | $314,350 | $414,890 |
| 77905 | $26,956 | $63,465 | $179,750 | $274,475 | $408,534 |
Source: Ownwell
Property Tax Bills Across Victoria, Texas
In Victoria, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the Victoria County Appraisal District. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and any applicable exemptions. For instance, the median home price in Victoria is $180,260. Homeowners can expect a range in their tax bills, with the 25th percentile at $1,061 and the 75th percentile reaching $4,037. At the 90th percentile, tax bills can go up to $5,597. Notably, the highest median tax bill in the area is $4,031 in the 77904 zip code, while the lowest is $1,604 in the 77905 zip code. Compared to the national median property tax rate of 0.99%, Victoria's rates can significantly impact homeowners, making it essential for them to understand how their tax bills are determined and what factors contribute to their overall property tax liability.
Average Victoria Tax Bill
$2,491
Average Victoria County Tax Bill
$2,280
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Victoria, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77901 | $289 | $871 | $1,883 | $3,134 | $4,227 |
| 77904 | $1,183 | $2,649 | $4,031 | $5,309 | $7,002 |
| 77905 | $237 | $567 | $1,604 | $3,212 | $4,694 |
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 |