Merkel, Texas Property Taxes
The median property tax rate in Merkel, TX is 1.76%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Merkel at $77,690, the typical annual property tax bill reaches $1,237, which is still below the national median of $2,690. Property taxes in Merkel 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 Merkel'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 Merkel or another part of Taylor County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Merkel, 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 Merkel, Texas Tax Savings
Ownwell’s Merkel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Merkel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Merkel 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 Merkel. 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 Merkel, Texas
Property taxes in Merkel, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Merkel is 1.76%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Merkel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Merkel 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 Merkel's effective property tax rate to other counties in Texas and the national median. For comparison, the 79536 zip code has the highest median property tax rate of 1.76%, while the 79536 zip code also has the lowest median tax rate of 1.76%. Understanding how these cities compare with Merkel provides valuable insights into the varying tax landscape across Taylor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Merkel Tax Rate
1.76%
Average Taylor County Tax Rate
2.16%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Merkel, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79536 | 1.01% | 1.34% | 1.76% | 1.97% | 1.97% |
Source: Ownwell
$1,148
Average Merkel Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Merkel, Texas
In Merkel, 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 Taylor 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 Merkel, 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 Merkel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills in Merkel is 79536, with a median tax bill of $1,237.
Average Merkel Assessed Value
$77,690
Average Taylor County Assessed Value
$148,796
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Merkel, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79536 | $14,394 | $36,837 | $77,690 | $142,556 | $255,114 |
Source: Ownwell
$1,148
Average Merkel Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Merkel, Texas
In Merkel, Taylor County, TX, property tax bills are determined by multiplying the assessed value of your home by the local tax rate. For instance, with a median home price of $77,690, homeowners can expect varying tax bills. The 25th percentile tax bill is around $566, while the 75th percentile reaches up to $2,237, and the 90th percentile can be as high as $3,505. These fluctuations depend on factors like property size, location, and any improvements made. Homeowners in Merkel often find their tax bills higher than the national median property tax rate of 0.99%. This can place a significant financial burden on families. Ownwell steps in to alleviate this stress by offering expert property tax appeal and exemption services. Our team meticulously reviews your property assessment for inaccuracies and advocates on your behalf to ensure a fair tax bill. By leveraging our expertise, homeowners can potentially save significantly on their property taxes, making homeownership more affordable.
Average Merkel Tax Bill
$1,237
Average Taylor County Tax Bill
$3,051
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Merkel, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79536 | $178 | $566 | $1,237 | $2,237 | $3,505 |
Source: Ownwell
$1,148
Average Merkel 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 | |
|---|---|
| Taylor Appraisal District | |
| Website | esearch.taylor-cad.org |
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