Macallen, Texas Property Taxes
The median property tax rate in MacAllen, TX is 2.20%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in MacAllen at $268,193, the typical annual property tax bill reaches $5,903, far exceeding the national median of $2,690. Property taxes in MacAllen are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding MacAllen'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 MacAllen 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
Macallen, 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 Macallen, Texas Tax Savings
Ownwell’s Macallen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Macallen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Macallen 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 Macallen. 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 Macallen, Texas
Property taxes in MacAllen, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MacAllen stands at 2.20%, which is notably higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities in MacAllen set these rates annually, and they can vary significantly across different neighborhoods. Each year, MacAllen 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 MacAllen's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in Texas is found in ZIP code 77494 at 2.31%, while the lowest median tax rate is in ZIP code 79852 at 0.18%. Understanding how these cities compare with MacAllen provides valuable insights into the varying tax landscape across Hidalgo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Macallen Tax Rate
2.20%
Average Hidalgo County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Macallen, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Macallen Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Macallen, Texas
In Macallen, 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 Hidalgo 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 Macallen, 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. The median home price in Macallen is $268,193, with tax bills reaching $5,903 at the 25th, 75th, and 90th percentiles. Being aware of these valuation processes in Macallen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Macallen Assessed Value
$268,193
Average Hidalgo County Assessed Value
$133,156
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Macallen, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Macallen Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Macallen, Texas
In McAllen, located in Hidalgo County, TX, property tax bills are determined based on the assessed value of the home. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate. For homeowners in McAllen, the median home price is $268,193. Given this, the property tax bill can be substantial. For instance, the tax bill at the 25th, 75th, and 90th percentiles is consistently $5,903, indicating a significant tax burden on homeowners. Several factors influence the assessed value, including the property's location, size, and condition. High property tax bills can strain homeowners, especially when the assessed value does not accurately reflect the market value. This is where Ownwell’s expertise becomes invaluable. By providing property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed. This can lead to significant savings on their annual property tax bills, alleviating financial pressure and ensuring homeowners are not overpaying.
Average Macallen Tax Bill
$5,903
Average Hidalgo County Tax Bill
$1,928
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Macallen, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Macallen Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 20 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Hidalgo Appraisal District | |
| Phone | (956) 381-8466 |
| Website | esearch.hidalgoad.org |
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