Marathon, Texas Property Taxes
The median property tax rate in Marathon, TX is 1.19%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $85,188 in Marathon, the typical annual property tax bill is $752, which is significantly lower than the national median of $2,690. Property taxes in Marathon are calculated based on the assessed value, which is often below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Marathon'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 Marathon or another part of Brewster County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marathon, 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 Marathon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marathon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marathon 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 Marathon, Texas
Property taxes in Marathon, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marathon is 1.19%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Marathon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marathon 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 Marathon's effective property tax rate to other counties in Texas and the national median. For comparison, the 79842 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Marathon provides valuable insights into the varying tax landscape across Brewster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marathon Tax Rate
1.19%
Average Brewster County Tax Rate
1.23%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marathon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79842 | 0.30% | 0.66% | 1.19% | 1.40% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Marathon, Texas
In Marathon, 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 Brewster 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 Marathon, 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. With a median home price of $85,188, property tax bills can vary significantly. The 25th percentile tax bill is $244, while the 75th percentile tax bill is $1,423, and the 90th percentile tax bill can reach up to $2,420. Notably, the zip code 79842 has the highest median tax bill at $752. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marathon Assessed Value
$85,188
Average Brewster County Assessed Value
$104,489
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marathon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79842 | $11,452 | $28,276 | $85,188 | $152,958 | $220,444 |
Source: Ownwell
Property Tax Bills Across Marathon, Texas
In Marathon, located in Brewster County, TX, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county's appraisal district, which evaluates the market value of the property. Homeowners in Marathon can expect their property tax bills to vary significantly depending on their property's assessed value and the applicable tax rate. For instance, the median home price in Marathon is $85,188. Property tax bills in the 25th percentile are around $244, while those in the 75th percentile can reach up to $1,423. At the 90th percentile, tax bills can be as high as $2,420. This wide range highlights how property values and tax rates influence the overall tax burden on homeowners. Compared to the national median property tax rate of 0.99%, Marathon's property tax rates and bills reflect the unique economic conditions of the area. Homeowners should be aware of these factors as they can significantly impact their annual financial obligations and overall cost of homeownership.
Average Marathon Tax Bill
$752
Average Brewster County Tax Bill
$1,063
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Marathon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79842 | $103 | $244 | $752 | $1,423 | $2,420 |
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 | |
|---|---|
| Brewster Appraisal District | |
| Website | propaccess.trueautomation.com |