Mccamey, Texas Property Taxes
The median property tax rate in McCamey, TX is 2.04%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in McCamey, the typical annual property tax bill reaches $353, which is significantly lower than the national median of $2,690. Property taxes in McCamey 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 McCamey'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 McCamey 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
Mccamey, 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 McCamey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McCamey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McCamey 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 Mccamey, Texas
Property taxes in McCamey, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McCamey is 2.04%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within McCamey set these rates annually, and they can vary significantly across different neighborhoods. Each year, McCamey 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 McCamey's effective property tax rate to other counties in Texas and the national median. For comparison, the 79752 zip code has the highest median property tax rate of 2.04%, while the 79752 zip code has the lowest median tax rate of 2.04%. Understanding how these cities compare with McCamey provides valuable insights into the varying tax landscape across Upton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mccamey Tax Rate
2.04%
Average Upton County Tax Rate
1.73%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mccamey, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79752 | 0.53% | 1.12% | 2.04% | 2.30% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Mccamey, Texas
In McCamey, 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 Upton 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 McCamey, 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 McCamey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in McCamey is $353 in the zip code 79752, while the lowest median tax bill is also $353 in the same zip code.
Average Mccamey Assessed Value
$28,626
Average Upton County Assessed Value
$35,464
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mccamey, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79752 | $1,850 | $4,988 | $28,626 | $83,124 | $139,409 |
Source: Ownwell
Property Tax Bills Across Mccamey, Texas
In McCamey, property tax bills are calculated based on the assessed value of a home, which is determined by the Upton County appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $28,626, the property taxes can vary significantly. Homeowners in the 25th percentile may pay around $83, while those in the 75th percentile could see bills as high as $1,166. At the 90th percentile, tax bills can reach up to $2,162. These variations depend on factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, McCamey's tax rates can result in relatively lower tax bills for many homeowners. However, the impact on homeowners can still be significant, particularly for those with higher-valued properties or fewer exemptions. Understanding these factors is crucial for homeowners to manage their financial planning effectively.
Average Mccamey Tax Bill
$353
Average Upton County Tax Bill
$442
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mccamey, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79752 | $38 | $83 | $353 | $1,166 | $2,162 |
Source: Ownwell