Mount Enterprise, Texas Property Taxes
The median property tax rate in Mount Enterprise, TX is 1.52%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Mount Enterprise at $87,730, the typical annual property tax bill reaches $1,152, which is below the national median of $2,690. Property taxes in Mount Enterprise 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 Mount Enterprise'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 Enterprise 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
Mount Enterprise, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Mount Enterprise Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Enterprise with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Enterprise 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 Mount Enterprise, Texas
Property taxes in Mount Enterprise, Texas, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Enterprise is 1.52%, significantly higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Mount Enterprise set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Enterprise 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 Enterprise's effective property tax rate to other areas in Texas and the national median. For comparison, the 75681 zip code has the highest median property tax rate of 1.52%, while the same zip code also has the lowest median tax rate of 1.52%. Understanding how these cities compare with Mount Enterprise 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 Mount Enterprise Tax Rate
1.52%
Average Rusk County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Enterprise, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75681 | 0.71% | 1.06% | 1.52% | 1.76% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Mount Enterprise, Texas
In Mount Enterprise, 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 Mount Enterprise, 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 Mount Enterprise is $87,730, with tax bills ranging from $427 at the 25th percentile to $3,561 at the 90th percentile. The highest and lowest median tax bills are both $1,152 in the 75681 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mount Enterprise Assessed Value
$87,730
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 Mount Enterprise, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75681 | $14,715 | $35,308 | $87,730 | $176,412 | $297,357 |
Source: Ownwell
Property Tax Bills Across Mount Enterprise, Texas
In Mount Enterprise, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Mount Enterprise is $87,730. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile at $427 and the 75th percentile reaching $2,226. At the 90th percentile, tax bills can climb to $3,561. These figures are derived from the assessed value of the property, which is determined by the local tax assessor's office. The tax rate in Rusk County, where Mount Enterprise is located, plays a crucial role in determining the final tax bill. Compared to the national median property tax rate of 0.99%, Mount Enterprise’s tax rates can be relatively high, impacting homeowners' annual expenses. Factors such as property improvements, neighborhood developments, and changes in local tax laws can also influence the assessed value and, consequently, the property tax bill. Homeowners should stay informed about these variables to better anticipate their annual property tax obligations.
Average Mount Enterprise Tax Bill
$1,152
Average Rusk County Tax Bill
$1,761
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Enterprise, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75681 | $196 | $427 | $1,152 | $2,226 | $3,561 |
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 |