Minden, Texas Property Taxes
The median property tax rate in Minden, TX is 1.44%, 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 $253,065, the typical annual property tax bill in Minden amounts to $3,579, surpassing the national median of $2,690. Property taxes in Minden are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Minden'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 Minden 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
Minden, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$3,644
$3,372
Ownwell’s Minden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Minden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Minden 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 Minden, Texas
Property taxes in Minden, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Minden is 1.44%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Minden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Minden 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 Minden's effective property tax rate to other counties in Texas and the national median. For comparison, the 75680 zip code has the highest median property tax rate of 1.44%, while the 75680 zip code has the lowest median tax rate of 1.44%. Understanding how these cities compare with Minden provides valuable insights into the varying tax landscape across Rusk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Minden Tax Rate
1.44%
Average Rusk County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Minden, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75680 | 1.05% | 1.24% | 1.44% | 1.53% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Minden, Texas
In Minden, 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 Rusk 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 Minden, 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 zip code 75680 has the highest median tax bill at $3,579. Being aware of these valuation processes in Minden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Minden Assessed Value
$253,065
Average Rusk County Assessed Value
$113,250
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Minden, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75680 | $135,645 | $194,168 | $253,065 | $320,195 | $393,536 |
Source: Ownwell
Property Tax Bills Across Minden, Texas
In Minden, TX, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The process begins with the county assessor determining the market value of a property, which is then adjusted to its assessed value. Various factors, such as property size, location, and condition, influence this valuation. In Rusk County, where Minden is located, the median home price is $253,065. Homeowners' tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $2,662, while at the 75th percentile, it rises to $4,141. The highest median tax bill recorded in the area is $3,579, which is considerably higher than the national median property tax rate of 0.99%. This variability in tax bills can significantly impact homeowners, influencing their financial planning and overall cost of living. Understanding these factors helps homeowners anticipate their annual property tax obligations more accurately.
Average Minden Tax Bill
$3,579
Average Rusk County Tax Bill
$1,761
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Minden, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75680 | $1,949 | $2,662 | $3,579 | $4,141 | $4,214 |
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 | |
|---|---|
| Rusk Appraisal District | |
| Website | www.ruskcad.org |