Marion, Texas Property Taxes
The median property tax rate in Marion, TX is 1.44%, 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 $372,425 in Marion, the typical annual property tax bill is $1,730, which is below the national median of $2,690. Property taxes in Marion are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Marion's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Marion 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
Marion, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Marion, Texas Tax Savings
Ownwell’s Marion Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marion with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marion to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Marion. 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 Marion, Texas
Property taxes in Marion, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marion is 1.52%, notably higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Marion set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marion 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 Marion's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 78124 has the highest median property tax rate of 1.52%, while the lowest median tax rate is also 1.52%. Understanding how these cities compare with Marion provides valuable insights into the varying tax landscape across Guadalupe, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marion Tax Rate
1.44%
Average Comal County Tax Rate
1.46%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marion, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78124 | 0.17% | 0.51% | 1.44% | 1.77% | 1.77% |
Source: Ownwell
$1,148
Average Marion Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Marion, Texas
In Marion, 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 Comal 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 Marion, 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 Marion helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,730 in the 78124 zip code, while the lowest median tax bill is also $1,730 in the same zip code.
Average Marion Assessed Value
$372,425
Average Comal County Assessed Value
$414,440
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marion, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78124 | $89,827 | $203,155 | $372,425 | $448,946 | $548,661 |
Source: Ownwell
$1,148
Average Marion Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Marion, Texas
In Marion, Comal County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Marion is $372,425, and the property tax rate is aligned with the national median of 0.99%. For homeowners, this means the tax bill can vary significantly. For instance, the 25th percentile tax bill is $833, while the 75th percentile reaches $5,614, and the 90th percentile can go up to $6,330. These variations are influenced by factors such as property improvements, neighborhood developments, and changes in market conditions. High property taxes can place a significant financial burden on homeowners. Ownwell can assist by providing expert property tax appeal and exemption services, potentially reducing these hefty bills. By analyzing your property's assessed value and comparing it with similar properties, Ownwell identifies discrepancies and advocates on your behalf, ensuring you only pay your fair share. This can result in substantial savings, making homeownership more affordable.
Average Marion Tax Bill
$1,730
Average Comal County Tax Bill
$5,871
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Marion, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78124 | $668 | $833 | $1,730 | $5,614 | $6,330 |
Source: Ownwell
$1,148
Average Marion Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Comal Appraisal District | |
| Website | esearch.comalad.org |
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