Maxwell, Texas Property Taxes
The median property tax rate in Maxwell, TX is 1.73%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $304,040, the typical annual property tax bill in Maxwell reaches $5,247, far exceeding the national median of $2,690. Property taxes in Maxwell are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding Maxwell's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Maxwell or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maxwell, 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 Maxwell, Texas Tax Savings
Ownwell’s Maxwell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maxwell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maxwell 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 Maxwell. 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 Maxwell, Texas
Property taxes in Maxwell, Texas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Maxwell is 1.73%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Maxwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maxwell 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 Maxwell's effective property tax rate to other counties in Texas and the national median. For comparison, the 78656 zip code has both the highest and lowest median property tax rate of 1.73%. Understanding how these cities compare with Maxwell provides valuable insights into the varying tax landscape across Hays County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maxwell Tax Rate
1.73%
Average Hays County Tax Rate
1.71%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maxwell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78656 | 1.73% | 1.73% | 1.73% | 1.73% | 1.73% |
Source: Ownwell
$1,148
Average Maxwell Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Maxwell, Texas
In Maxwell, 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 Hays 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 Maxwell, 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 Maxwell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Maxwell is $5,247 in the 78656 zip code, while the lowest is also $5,247 in the same zip code.
Average Maxwell Assessed Value
$304,040
Average Hays County Assessed Value
$409,280
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maxwell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78656 | $214,450 | $278,230 | $304,040 | $343,500 | $378,460 |
Source: Ownwell
$1,148
Average Maxwell Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Maxwell, Texas
In Maxwell, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the total tax bill. For instance, with a median home price of $304,040 in Maxwell, homeowners can expect tax bills ranging from $4,802 at the 25th percentile to $6,407 at the 90th percentile. This is significantly higher than the national median property tax rate of 0.99%. Several factors influence the assessed value, including the property's market value, location, and any improvements made to the home. High property taxes can be a burden for homeowners, but that's where Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell assists homeowners in potentially lowering their assessed values and, consequently, their tax bills. Our experienced consultants work diligently to ensure you pay only your fair share, helping you save significantly on your property taxes.
Average Maxwell Tax Bill
$5,247
Average Hays County Tax Bill
$7,200
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Maxwell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78656 | $3,637 | $4,802 | $5,247 | $5,901 | $6,407 |
Source: Ownwell
$1,148
Average Maxwell 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 | |
|---|---|
| Hays Appraisal District | |
| Website | esearch.hayscad.com |
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