Mathis, Texas Property Taxes
The median property tax rate in Mathis, TX is 1.80%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Mathis at $175,210, the typical annual property tax bill reaches $2,751, just under the national median of $2,690. Property taxes in Mathis 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 Mathis'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 Mathis or another part of Bee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mathis, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,154
$2,918
Ownwell’s Mathis Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mathis quickly and easily. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Mathis to provide an accurate estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities, making financial planning simpler. For those interested in more granular details, scrolling down reveals trends at the neighborhood level. Your property’s assessed value, determined by the county, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Mathis, Texas
Property taxes in Mathis, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mathis is 1.80%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Mathis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mathis 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 Mathis's effective property tax rate to other counties in Texas and the national median. For comparison, the 78368 zip code has the highest median property tax rate of 1.80%, while the same 78368 zip code also has the lowest median tax rate of 1.80%. Understanding how these cities compare with Mathis provides valuable insights into the varying tax landscape across Bee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mathis Tax Rate
1.80%
Average Bee County Tax Rate
1.76%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mathis, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78368 | 1.50% | 1.56% | 1.80% | 1.80% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Mathis, Texas
In Mathis, 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 Bee 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 Mathis, 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 Mathis stands at $175,210, with tax bills ranging from $2,592 at the 25th percentile to $4,051 at the 90th percentile. Notably, the highest and lowest median tax bills are both $2,751 in the 78368 zip code. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mathis Assessed Value
$175,210
Average Bee County Assessed Value
$103,075
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mathis, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78368 | $145,700 | $152,510 | $175,210 | $197,650 | $247,438 |
Source: Ownwell
Property Tax Bills Across Mathis, Texas
Property tax bills in Mathis, located in Bee County, TX, are determined by the assessed value of a property and the local tax rate. The assessed value is an estimate of the property's market value, and the tax rate is applied to this value to calculate the tax bill. Several factors influence the assessed value, including the property's size, age, location, and any improvements made. In Mathis, the median home price is $175,210. Homeowners can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $2,592, while at the 75th percentile, it rises to $3,551. At the 90th percentile, the tax bill can reach up to $4,051. These variations highlight the impact of property value and local tax rates on the overall tax burden. Compared to the national median property tax rate of 0.99%, the property tax rates in Mathis reflect the region's specific economic and real estate conditions, influencing how much homeowners ultimately pay.
Average Mathis Tax Bill
$2,751
Average Bee County Tax Bill
$1,834
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mathis, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78368 | $2,569 | $2,592 | $2,751 | $3,551 | $4,051 |
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 | |
|---|---|
| Bee Appraisal District | |
| Website | www.beecad.org |