Maydelle, Texas Property Taxes
The median property tax rate in Maydelle, TX is 1.27%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $73,590 in Maydelle, the typical annual property tax bill amounts to $936, which is below the national median of $2,690. Property taxes in Maydelle are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Maydelle's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Maydelle or elsewhere in Cherokee County, gaining a thorough understanding of the local property tax system can provide substantial financial benefits.
Last Updated June 14, 2024
Maydelle, 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 MAYDELLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MAYDELLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MAYDELLE 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 Maydelle, Texas
Property taxes in Maydelle, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maydelle is 1.27%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Maydelle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maydelle 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 Maydelle's effective property tax rate to other counties in Texas and the national median. For comparison, the 75772 zip code has the highest median property tax rate of 1.27%, while the 75772 zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Maydelle provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maydelle Tax Rate
1.27%
Average Cherokee County Tax Rate
1.52%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maydelle, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75772 | 0.96% | 1.02% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Maydelle, Texas
In Maydelle, 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 Cherokee 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 Maydelle, 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 Maydelle is $73,590, with tax bills ranging from $378 at the 25th percentile to $1,733 at the 90th percentile. The highest and lowest median tax bills are both $936, found in the 75772 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 Maydelle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Maydelle Assessed Value
$73,590
Average Cherokee County Assessed Value
$121,540
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maydelle, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75772 | $9,054 | $31,035 | $73,590 | $116,800 | $183,614 |
Source: Ownwell
Property Tax Bills Across Maydelle, Texas
In Maydelle, Cherokee County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The process begins with the county assessor determining the assessed value of each property, which often reflects a percentage of the market value. This assessed value is then multiplied by the local property tax rate to compute the annual tax bill. For homeowners in Maydelle, the median home price is $73,590. Property tax bills can vary significantly, with the 25th percentile at $378 and the 75th percentile reaching $1,274. The highest median tax bill reported in the area is $936, which is notably lower than the national median property tax rate of 0.99%. These tax bills contribute to funding essential local services such as schools, public safety, and infrastructure. Understanding how these factors influence property taxes can help homeowners in Maydelle better anticipate their annual financial obligations and plan accordingly.
Average Maydelle Tax Bill
$936
Average Cherokee County Tax Bill
$1,611
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Maydelle, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75772 | $115 | $378 | $936 | $1,274 | $1,733 |
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 | |
|---|---|
| Cherokee Appraisal District | |
| Website | propaccess.trueautomation.com |