Mabank, Texas Property Taxes
The median property tax rate in Mabank, TX is 1.25%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $191,212, the typical annual property tax bill in Mabank amounts to $915, significantly below the national median of $2,690. Property taxes in Mabank are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Navigating Mabank'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 Mabank or another part of Kaufman County, understanding the local property tax system is crucial for both homeowners and real estate investors.
Last Updated June 14, 2024
Mabank, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$2,390
$2,211
$1,148
Average Mabank, Texas Tax Savings
Ownwell’s Mabank Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mabank with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mabank 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 Mabank. 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 Mabank, Texas
Property taxes in Mabank, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mabank is 1.25%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Mabank set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mabank 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 Mabank's effective property tax rate to other counties in Texas and the national median. For comparison, the 75156 zip code has the highest median property tax rate of 1.65%, while the 75147 zip code has the lowest median tax rate of 1.24%. Understanding how these cities compare with Mabank provides valuable insights into the varying tax landscape across Kaufman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mabank Tax Rate
1.25%
Average Kaufman County Tax Rate
1.74%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mabank, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75147 | 0.24% | 0.46% | 1.24% | 1.76% | 2.02% |
| 75156 | 0.84% | 1.49% | 1.65% | 2.12% | 2.57% |
Source: Ownwell
$1,148
Average Mabank Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mabank, Texas
In Mabank, 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 Kaufman 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 Mabank, 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 Mabank helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is found in zip code 75147 at $943, while the lowest is in zip code 75156 at $699.
Average Mabank Assessed Value
$191,212
Average Kaufman County Assessed Value
$308,491
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mabank, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75147 | $25,800 | $70,716 | $192,509 | $260,000 | $343,471 |
| 75156 | $25,526 | $29,428 | $41,853 | $202,584 | $292,434 |
Source: Ownwell
$1,148
Average Mabank Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mabank, Texas
In Mabank, Kaufman 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 Mabank is $191,212, with property tax bills varying significantly. For instance, the 25th percentile tax bill is $569, while the 75th percentile tax bill reaches $3,106, and the 90th percentile can be as high as $4,792. These figures highlight the importance of accurate property assessments and the potential for high tax liabilities. Homeowners in Mabank are affected by these tax bills, which can fluctuate based on the assessed value of their property and the applicable tax rate. This can lead to financial strain, especially if the property is over-assessed. Ownwell helps homeowners by providing expert property tax appeal and exemption services. By ensuring your property is accurately assessed, Ownwell can help reduce your tax bill, potentially saving you hundreds or even thousands of dollars annually. This service is crucial for maintaining financial peace of mind and ensuring you are not overpaying on your property taxes.
Average Mabank Tax Bill
$915
Average Kaufman County Tax Bill
$5,156
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mabank, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75147 | $296 | $569 | $943 | $3,115 | $4,826 |
| 75156 | $568 | $639 | $699 | $773 | $2,517 |
Source: Ownwell
$1,148
Average Mabank 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 | |
|---|---|
| Kaufman Appraisal District | |
| Website | esearch.kaufman-cad.org |
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