Maud, Texas Property Taxes
The median property tax rate in Maud, TX is 1.47%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $111,466 in Maud, the typical annual property tax bill amounts to $1,642, falling below the national median of $2,690. Property taxes in Maud are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Maud'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 Maud or another part of Bowie County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maud, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$1,639
$1,516
Ownwell’s Maud Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maud with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maud 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 Maud, Texas
Property taxes in Maud, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maud is 1.47%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Maud set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maud 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 Maud's effective property tax rate to other counties in Texas and the national median. For comparison, the 75567 zip code has the highest median property tax rate of 1.47%, while the same zip code also has the lowest median tax rate of 1.47%. Understanding how these cities compare with Maud provides valuable insights into the varying tax landscape across Bowie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maud Tax Rate
1.47%
Average Bowie County Tax Rate
1.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maud, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75567 | 1.14% | 1.32% | 1.47% | 1.65% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Maud, Texas
In Maud, 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 Bowie 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 Maud, 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 Maud helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Maud is $1,642 in the 75567 zip code, while the lowest median tax bill is also $1,642 in the same zip code.
Average Maud Assessed Value
$111,466
Average Bowie County Assessed Value
$119,330
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maud, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75567 | $28,447 | $58,298 | $111,466 | $187,544 | $271,568 |
Source: Ownwell
Property Tax Bills Across Maud, Texas
In Maud, located in Bowie County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the property's market value. Homeowners in Maud can expect a range of tax bills depending on their property's assessed value. The median home price in Maud is $111,466, which significantly influences the tax bill. For example, homeowners at the 25th percentile might pay around $856, while those at the 75th percentile could see bills as high as $2,715. At the 90th percentile, tax bills can reach up to $3,943. Compared to the national median property tax rate of 0.99%, Maud's rates can vary widely, impacting homeowners differently based on their property's assessed value. This variation in tax bills can significantly affect household budgets, making it essential for homeowners to understand how their property is assessed and the applicable tax rates.
Average Maud Tax Bill
$1,642
Average Bowie County Tax Bill
$2,049
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Maud, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75567 | $412 | $856 | $1,642 | $2,715 | $3,943 |
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 | |
|---|---|
| Bowie Appraisal District | |
| Website | bowieappraisal.com |