Mcadoo, Texas Property Taxes
The median property tax rate in McAdoo, TX is 1.78%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in McAdoo, the typical annual property tax bill reaches $690, which is lower than the national median of $2,690. Property taxes in McAdoo are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding McAdoo'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 McAdoo 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
Mcadoo, 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 McAdoo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McAdoo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McAdoo 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 Mcadoo, Texas
Property taxes in McAdoo, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McAdoo is 1.78%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within McAdoo set these rates annually, and they can vary significantly across different neighborhoods. Each year, McAdoo 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 McAdoo's effective property tax rate to other counties in Texas and the national median. For comparison, the 79243 zip code has the highest median property tax rate of 1.78%, while the same zip code also has the lowest median tax rate of 1.78%. Understanding how these cities compare with McAdoo provides valuable insights into the varying tax landscape across Dickens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mcadoo Tax Rate
1.78%
Average Dickens County Tax Rate
2.48%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mcadoo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79243 | 1.11% | 1.70% | 1.77% | 1.78% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Mcadoo, Texas
In McAdoo, 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 Dickens 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 McAdoo, 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 McAdoo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in McAdoo is $690.00 in the 79243 zip code, while the lowest median tax bill is also $690.00 in the same zip code.
Average Mcadoo Assessed Value
$45,065
Average Dickens County Assessed Value
$32,585
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mcadoo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79243 | $2,005 | $13,582 | $45,065 | $74,415 | $118,940 |
Source: Ownwell
Property Tax Bills Across Mcadoo, Texas
In McAdoo, located in Dickens County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in McAdoo is $45,065. Property tax bills can vary significantly, with the 25th percentile tax bill being $241 and the 75th percentile reaching $1,187. For those in the 90th percentile, the tax bill can be as high as $1,448. The property tax rate in McAdoo is influenced by various factors, including local government budgets and the funding needs of public services like schools and infrastructure. Homeowners in this region should be aware that the property tax rate here is notably higher than the national median rate of 0.99%. This can result in a substantial financial commitment for residents, especially when compared to other areas. Understanding these factors can help homeowners better anticipate their annual property tax obligations and manage their finances accordingly.
Average Mcadoo Tax Bill
$690
Average Dickens County Tax Bill
$717
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mcadoo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79243 | $36 | $241 | $690 | $1,187 | $1,448 |
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 | |
|---|---|
| Dickens Appraisal District | |
| Website | dickenscad.org |