Megargel, Texas Property Taxes
The median property tax rate in Megargel, TX is 2.28%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $23,510 in Megargel, the typical annual property tax bill amounts to $491, which is substantially lower than the national median of $2,690. Property taxes in Megargel are computed based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Navigating Megargel's property tax system, exploring available exemptions, and identifying potential reductions can result in considerable annual savings. Whether you're residing in the heart of Megargel or elsewhere in Archer County, understanding the local property tax framework can be advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Megargel, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.28%
Estimate Property Tax Bill
$536
$496
Ownwell’s Megargel Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Megargel with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Megargel 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 Megargel, Texas
Property taxes in Megargel, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Megargel is 2.28%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Megargel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Megargel 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 Megargel's effective property tax rate to other counties in Texas and the national median. For comparison, the 76370 zip code has the highest median property tax rate of 2.28%, while the 76370 zip code has the lowest median tax rate of 2.28%. Understanding how these cities compare with Megargel provides valuable insights into the varying tax landscape across Archer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Megargel Tax Rate
2.28%
Average Archer County Tax Rate
1.73%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Megargel, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76370 | 1.41% | 1.75% | 2.28% | 2.28% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Megargel, Texas
In Megargel, 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 Archer 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 Megargel, 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 Megargel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Megargel is $23,510, with tax bills ranging from $199 at the 25th percentile to $1,478 at the 90th percentile. The zip code 76370 has both the highest and lowest median tax bill at $491.
Average Megargel Assessed Value
$23,510
Average Archer County Assessed Value
$147,930
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Megargel, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76370 | $3,354 | $9,770 | $23,510 | $48,950 | $94,104 |
Source: Ownwell
Property Tax Bills Across Megargel, Texas
In Megargel, located in Archer County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Megargel is $23,510, which is considerably lower than the national average. Tax bills in this area can vary significantly, with the 25th percentile at $199 and the 75th percentile reaching $919. For those in the 90th percentile, tax bills can be as high as $1,478. The highest and lowest median tax bills in the area both stand at $491, indicating a consistent tax rate within the zip code 76370. Factors such as the home's assessed value, local tax rates, and any applicable exemptions all play a role in determining the final tax bill. For homeowners, this means that while property taxes in Megargel are relatively low compared to national standards, they still need to budget for these annual expenses. Understanding these factors can help homeowners plan better and potentially appeal their property tax assessments if they believe they are too high.
Average Megargel Tax Bill
$491
Average Archer County Tax Bill
$2,292
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Megargel, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76370 | $74 | $199 | $491 | $919 | $1,478 |
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 | |
|---|---|
| Archer Appraisal District | |
| Website | www.archercad.org |