Mount Calm, Texas Property Taxes
The median property tax rate in Mount Calm, TX is 1.66%, slightly lower than the Texas state median of 1.67% but still significantly higher than the national median of 0.99%. With a median home value of $89,130 in Mount Calm, the typical annual property tax bill is approximately $1,381, which is below the national median of $2,690. Property taxes in Mount Calm are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Mount Calm'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 Mount Calm or another part of Hill County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mount Calm, 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 Mount Calm, Texas Tax Savings
Ownwell’s Mount Calm Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Calm with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Calm 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 Mount Calm. 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 Mount Calm, Texas
Property taxes in Mount Calm, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Calm is 1.66%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Mount Calm set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Calm 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 Mount Calm's effective property tax rate to other counties in Texas and the national median. For comparison, the 76673 zip code has the highest median property tax rate of 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Mount Calm provides valuable insights into the varying tax landscape across Hill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Calm Tax Rate
1.66%
Average Hill County Tax Rate
1.56%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Calm, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76673 | 0.89% | 1.25% | 1.66% | 1.89% | 2.04% |
Source: Ownwell
$1,148
Average Mount Calm Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mount Calm, Texas
In Mount Calm, 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 Hill 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 Mount Calm, 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 highest median tax bill in Mount Calm is $1,381 in the 76673 zip code, which also has the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mount Calm Assessed Value
$89,130
Average Hill County Assessed Value
$116,870
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Calm, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76673 | $19,348 | $49,930 | $89,130 | $167,360 | $323,936 |
Source: Ownwell
$1,148
Average Mount Calm Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mount Calm, Texas
In Mount Calm, located in Hill 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 this area is $89,130, and property tax bills can vary significantly. For instance, homeowners in the 25th percentile pay around $724, while those in the 75th percentile see bills as high as $2,399. The 90th percentile even reaches up to $3,976. These variations highlight the impact of property assessments and local tax rates on homeowners. Factors such as property size, location, and market conditions play a crucial role in determining the assessed value. Consequently, higher assessed values lead to higher tax bills, which can strain homeowners financially. This is where Ownwell steps in to assist. By leveraging expert knowledge in property tax appeals and exemptions, Ownwell helps homeowners challenge their assessments, potentially lowering their tax bills and easing their financial burden. Partnering with Ownwell can lead to significant savings and peace of mind for property owners in Mount Calm.
Average Mount Calm Tax Bill
$1,381
Average Hill County Tax Bill
$1,810
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Calm, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76673 | $331 | $724 | $1,381 | $2,399 | $3,976 |
Source: Ownwell
$1,148
Average Mount Calm 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 | |
|---|---|
| Hill Appraisal District | |
| Website | esearch.hillcad.org |
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