Moody, Texas Property Taxes
The median property tax rate in Moody, TX is 0.27%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Moody at $130,281, the typical annual property tax bill is $242, much less than the national median of $2,690. Property taxes in Moody are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Moody's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Moody 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
Moody, 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 Moody, Texas Tax Savings
Ownwell’s Moody Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moody with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moody 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 Moody. 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 Moody, Texas
Property taxes in Moody, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moody is 0.27%, lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Moody set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moody 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 Moody's effective property tax rate to other counties in Texas and the national median. For comparison, the 77494 zip code has the highest median property tax rate of 3.68%, while the 79852 zip code has the lowest median tax rate of 0.18%. Understanding how these cities compare with Moody provides valuable insights into the varying tax landscape across Bell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moody Tax Rate
0.27%
Average Bell County Tax Rate
1.50%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moody, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76557 | 0.11% | 0.16% | 0.27% | 0.34% | 0.71% |
Source: Ownwell
$1,148
Average Moody Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Moody, Texas
In Moody, 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 Bell 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 Moody, 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 example, the zip code with the highest median tax bill in Moody is 76557, with a median tax bill of $242. 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 Moody helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moody Assessed Value
$130,281
Average Bell County Assessed Value
$243,415
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moody, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76557 | $12,608 | $40,874 | $130,281 | $278,909 | $437,631 |
Source: Ownwell
$1,148
Average Moody Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Moody, Texas
In Moody, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate set by Bell County. The assessed value is determined by the county assessor and is a percentage of the market value of your property. For example, with a median home price of $130,281, the property tax bill can vary significantly. Homeowners in the 25th percentile pay around $86, while those in the 75th percentile pay approximately $554. At the 90th percentile, the tax bill can soar to $1,637, reflecting the variability in property values and tax rates. Factors such as property improvements, market conditions, and local budget needs influence these assessments. High property taxes can place a financial strain on homeowners. Ownwell helps by providing property tax appeal and exemption services, potentially lowering your tax bill. Our experts analyze your property's assessed value, gather supporting data, and file appeals on your behalf, ensuring you pay only your fair share. Save money and reduce stress with Ownwell's comprehensive property tax solutions.
Average Moody Tax Bill
$242
Average Bell County Tax Bill
$3,265
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Moody, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76557 | $34 | $86 | $242 | $554 | $1,637 |
Source: Ownwell
$1,148
Average Moody 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 | |
|---|---|
| Bell Appraisal District | |
| Phone | (254) 939-5841 |
| Website | esearch.bellcad.org |
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