Maple, Texas Property Taxes
The median property tax rate in Maple, TX is 0.96%, which is slightly below the national median of 0.99% but significantly lower than the Texas state median of 1.67%. With the median home value in Maple, the typical annual property tax bill is $135, far below the national median of $2,690. Property taxes in Maple are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Maple'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 Maple 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
Maple, 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 Maple Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maple with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maple 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 Maple, Texas
Property taxes in Maple, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maple is 1.23%, higher than both the Texas state median of 1.18% and the U.S. national median of 0.99%. Local government entities within Maple set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maple 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 Maple's effective property tax rate to other counties in Texas and the national median. For comparison, the 79344 zip code has the highest median property tax rate of 1.23%, while the same 79344 zip code has the lowest median tax rate of 1.23%. Understanding how these cities compare with Maple provides valuable insights into the varying tax landscape across Bailey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maple Tax Rate
0.96%
Average Bailey County Tax Rate
2.99%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maple, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79344 | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Maple, Texas
In Maple, 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 Bailey 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 Maple, 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 Maple helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Maple are both $135.00, found in the zip code 79344.
Average Maple Assessed Value
$14,032
Average Bailey County Assessed Value
$46,929
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maple, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79344 | $14,032 | $14,032 | $14,032 | $14,032 | $14,032 |
Source: Ownwell
Property Tax Bills Across Maple, Texas
In Maple, located in Bailey County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor's office and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. For instance, the median home price in Maple is $14,032, and the property tax rate in Bailey County is derived from this value. Homeowners in Maple typically see tax bills around $135, which is consistent across various percentiles, including the 25th, 75th, and 90th percentiles. This uniformity suggests a relatively stable property tax environment within the city. Compared to the national median property tax rate of 0.99%, Maple's property tax burden is considerably lower, making it an attractive location for homeowners. This lower tax rate can significantly affect homeowners by reducing their annual expenses and making home ownership more affordable.
Average Maple Tax Bill
$135
Average Bailey County Tax Bill
$1,293
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Maple, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79344 | $135 | $135 | $135 | $135 | $135 |
Source: Ownwell