Iago, Wharton County, Texas Property Taxes
Median Iago, TX effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, and lower than the Texas state median of 1.48%.
Median Iago, TX home value: $70,142
Median annual Iago, TX tax bill: $454, $1,946 lower than the national median property tax bill of $2,400.
How are property taxes in Wharton County calculated?
Property taxes in Iago, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Iago's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Iago, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Iago, Wharton County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$603
$560
Property Tax Rates Across Iago, Wharton County, Texas
Local government entities set property tax rates, which can vary significantly within a state. This variation is largely due to each county's annual budget requirements. Counties estimate the budget needed to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While setting tax rates and budgets involves votes and legal frameworks, this annual process essentially dictates the rates.
In Iago, located in Wharton County, TX, the effective property tax rate is an important figure for homeowners to consider. The median property tax rate in Texas is 0.86%, which is lower than the national median of 1.02%. Iago's rate aligns with the state's median, offering a comparative advantage for property owners when viewed against the national landscape. This means that residents in Iago might find themselves paying a lower property tax bill compared to the national average, which stands at $2,400. Understanding these rates can help property owners make informed decisions about their investments and financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Iago Tax Rate
0.86%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Wharton County Tax Rate
1.40%
Median Effective Texas Tax Rate
1.48%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Iago, Wharton County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77420 | 0.16% | 0.52% | 0.86% | 1.29% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Iago, Wharton County, Texas
When examining property taxes in Iago, Texas, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Wharton County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Wharton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Iago. For example, the median home price in Iago is $70,142, with tax bills ranging significantly across the county. Zip code 77420 has the highest median home price at $70,142.
Property Tax Assessment Values Across Iago, Wharton County, Texas
Source: Ownwell
$45,484
$121,063
$196,642
Median Iago Market Value
$70,142
Median Wharton County Market Value
$127,100
Median Texas Market Value
$258,851
Median United States Market Value
$235,294
Property Tax Assessment Values Across Iago, Wharton County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77420 | $10,427 | $21,036 | $70,142 | $107,051 | $135,641 |
Source: Ownwell
Property Tax Bills Across Iago, Wharton County, Texas
In Iago, located in Wharton County, Texas, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value, which can fluctuate based on market conditions and property improvements. In Iago, the median home price is $70,142, and property tax bills can vary widely. For example, the 25th percentile tax bill is $149, while the 75th percentile is $700, and the 90th percentile reaches $1,053. These figures show how tax bills can significantly impact homeowners, especially when compared to the national median property tax bill of $2,400.
Ownwell offers valuable assistance to homeowners in Iago by providing property tax appeal and exemption services. By analyzing local market conditions and ensuring accurate property assessments, Ownwell can help homeowners potentially lower their tax bills. This service is crucial for those looking to manage their property tax expenses effectively, ensuring they do not overpay and can save money in the long run.
Median Iago Tax Bill
$454
Median Wharton County Tax Bill
$1,521
Median Texas Tax Bill
$3,441
Median United States Tax Bill
$2,400
Property Tax Bills Across Iago, Wharton County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77420 | $30 | $149 | $454 | $700 | $1,053 |
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 | |
|---|---|
| Wharton Appraisal District | |
| Website | esearch.whartoncad.net |