Carrizo Springs, Texas Property Taxes
The median property tax rate in Carrizo Springs, TX is 0.80%, which is notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Carrizo Springs at $35,450, the typical annual property tax bill is $282, significantly below the national median of $2,690. Property taxes in Carrizo Springs 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 Carrizo Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Carrizo Springs or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carrizo Springs, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$284
$263
Ownwell’s Carrizo Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carrizo Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carrizo Springs 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 Carrizo Springs, Texas
Property taxes in Carrizo Springs, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carrizo Springs is 0.80%, which is lower than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Carrizo Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carrizo Springs 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 Carrizo Springs's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 78834 has both the highest and lowest median property tax rate of 0.80%. Understanding how these cities compare with Carrizo Springs provides valuable insights into the varying tax landscape across Zavala County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carrizo Springs Tax Rate
0.80%
Average Zavala County Tax Rate
1.76%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carrizo Springs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78834 | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Carrizo Springs, Texas
In Carrizo Springs, 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 Zavala 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 Carrizo Springs, 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 Carrizo Springs is $35,450, with the highest and lowest median tax bills both being $282 in the 78834 zip code. 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 Carrizo Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carrizo Springs Assessed Value
$35,450
Average Zavala County Assessed Value
$50,685
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carrizo Springs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78834 | $35,450 | $35,450 | $35,450 | $35,450 | $35,450 |
Source: Ownwell
Property Tax Bills Across Carrizo Springs, Texas
In Carrizo Springs, TX, property tax bills are calculated based on the assessed value of a property, which is determined by the local appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Carrizo Springs, the median home price is $35,450, and the property tax rate is applied to this value to calculate the tax bill. Factors such as property improvements, market conditions, and neighborhood trends can influence the assessed value. Homeowners in Carrizo Springs can expect a median property tax bill of $282, which is significantly lower than the national median property tax rate of 0.99%. This comparatively low tax bill can be a financial relief for residents, making homeownership more affordable. However, it's important for homeowners to stay informed about potential changes in property values and tax rates, as these can affect their annual tax obligations.
Average Carrizo Springs Tax Bill
$282
Average Zavala County Tax Bill
$956
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Carrizo Springs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78834 | $282 | $282 | $282 | $282 | $282 |
Source: Ownwell