San Ygnacio, Texas Property Taxes
The median property tax rate in San Ygnacio, TX is 1.85%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in San Ygnacio at $43,456, the typical annual property tax bill reaches $777, which is significantly lower than the national median of $2,690. Property taxes in San Ygnacio are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding San Ygnacio'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 San Ygnacio 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
San Ygnacio, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.85%
Estimate Property Tax Bill
$804
$746
Ownwell’s San Ygnacio Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in San Ygnacio with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in San Ygnacio 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 San Ygnacio, Texas
Property taxes in San Ygnacio, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in San Ygnacio is 1.85%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within San Ygnacio set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Ygnacio 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 San Ygnacio's effective property tax rate to other counties in Texas and the national median. For comparison, the 78067 zip code has the highest median property tax rate of 1.85%, while the same zip code has the lowest median tax rate of 1.85%. Understanding how these cities compare with San Ygnacio provides valuable insights into the varying tax landscape across Zapata County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average San Ygnacio Tax Rate
1.85%
Average Zapata County Tax Rate
1.85%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across San Ygnacio, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78067 | 1.77% | 1.85% | 1.85% | 1.85% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across San Ygnacio, Texas
In San Ygnacio, 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 Zapata 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 San Ygnacio, 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 San Ygnacio is $43,456, with property tax bills ranging significantly. For example, the 25th percentile tax bill is $419, while the 75th percentile tax bill is $1,430, and the 90th percentile tax bill reaches $2,398. Notably, the zip code 78067 has both the highest and lowest median tax bills at $777. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average San Ygnacio Assessed Value
$43,456
Average Zapata County Assessed Value
$53,234
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across San Ygnacio, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78067 | $11,929 | $23,026 | $43,456 | $79,350 | $142,780 |
Source: Ownwell
Property Tax Bills Across San Ygnacio, Texas
In San Ygnacio, located in Zapata County, TX, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county appraisal district and reflects the market value of your property. This value is then multiplied by the local tax rate to determine your annual tax bill. Factors that influence the assessed value include the size, age, and condition of the property, as well as recent sales of comparable homes in the area. The median home price in San Ygnacio is $43,456, and the property tax rate in the area is generally reflective of the state's overall rates. Homeowners in the 25th percentile pay around $419 in property taxes, while those in the 75th percentile pay approximately $1,430. For those in the 90th percentile, the tax bill can reach up to $2,398. Compared to the national median property tax rate of 0.99%, San Ygnacio offers relatively manageable property tax bills, making it an attractive option for homeowners.
Average San Ygnacio Tax Bill
$777
Average Zapata County Tax Bill
$972
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across San Ygnacio, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78067 | $200 | $419 | $777 | $1,430 | $2,398 |
Source: Ownwell