Mobeetie, Texas Property Taxes
The median property tax rate in Mobeetie, TX is 1.68%, slightly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Mobeetie at $48,445, the typical annual property tax bill reaches $815, which is below the national median of $2,690. Property taxes in Mobeetie are calculated based on the tax assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Mobeetie'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 Mobeetie or another part of Wheeler County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mobeetie, 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 Mobeetie Property Tax Bill Calculator is designed to assist homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Mobeetie with just two data inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Mobeetie to provide an estimate of your property tax bill. This valuable tool offers clarity on potential tax obligations, helping you make informed financial decisions. For those interested in more detailed insights, localized information on neighborhood trends is available further down the page. Your property’s assessed value, determined by Wheeler County, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Mobeetie, Texas
Property taxes in Mobeetie, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mobeetie is 1.68%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Mobeetie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mobeetie 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 Mobeetie's effective property tax rate to other counties in Texas and the national median. For comparison, the 79061 zip code has the highest median property tax rate of 1.68%, while the 79061 zip code has the lowest median tax rate of 1.68%. Understanding how these cities compare with Mobeetie provides valuable insights into the varying tax landscape across Wheeler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mobeetie Tax Rate
1.68%
Average Wheeler County Tax Rate
2.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mobeetie, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79061 | 1.35% | 1.61% | 1.68% | 2.00% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Mobeetie, Texas
In Mobeetie, 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 Wheeler 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 Mobeetie, 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. For instance, the median home price in Mobeetie is $48,445, with tax bills ranging significantly. The 25th percentile tax bill is $366, while the 75th percentile reaches $1,436, and the 90th percentile can go up to $2,430. 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 Mobeetie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mobeetie Assessed Value
$48,445
Average Wheeler County Assessed Value
$49,600
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mobeetie, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79061 | $6,659 | $22,630 | $48,445 | $91,468 | $173,291 |
Source: Ownwell
Property Tax Bills Across Mobeetie, Texas
In Mobeetie, located in Wheeler County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of the property. The tax rate, set by local taxing authorities, is then applied to this assessed value to calculate the annual tax bill. Several factors influence a homeowner's tax bill, including property size, location, and any applicable exemptions. For instance, the median home price in Mobeetie is $48,445, and the tax bills can vary significantly. At the 25th percentile, homeowners might pay around $366 annually, while those at the 75th percentile could see bills as high as $1,436. The 90th percentile tax bill can reach up to $2,430. These property taxes fund essential local services, such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding how these taxes are calculated helps homeowners budget effectively and anticipate changes in their annual tax obligations.
Average Mobeetie Tax Bill
$815
Average Wheeler County Tax Bill
$1,062
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mobeetie, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79061 | $123 | $366 | $815 | $1,436 | $2,430 |
Source: Ownwell