Mertens, Texas Property Taxes
The median property tax rate in Mertens, TX is 1.67%, which aligns with the Texas state median but is significantly higher than the national median of 0.99%. With a median home value of $105,280 in Mertens, the typical annual property tax bill amounts to $1,563, falling below the national median of $2,690. Property taxes in Mertens are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mertens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Mertens 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
Mertens, 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 Mertens, Texas Tax Savings
Ownwell’s Mertens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mertens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mertens 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 Mertens. 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 Mertens, Texas
Property taxes in Mertens, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mertens is 1.67%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Mertens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mertens 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 Mertens's effective property tax rate to other counties in Texas and the national median. For comparison, the 76666 zip code has the highest median property tax rate of 1.67%, while the 76666 zip code has the lowest median tax rate of 1.67%. Understanding how these cities compare with Mertens provides valuable insights into the varying tax landscape across Hill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mertens Tax Rate
1.67%
Average Hill County Tax Rate
1.56%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mertens, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76666 | 0.97% | 1.42% | 1.67% | 1.70% | 1.70% |
Source: Ownwell
$1,148
Average Mertens Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mertens, Texas
In Mertens, 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 Hill 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. Assessment notices in Mertens 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 Mertens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Mertens has a median home price of $105,280, with tax bills ranging from $560 at the 25th percentile to $3,691 at the 90th percentile. The zip code 76666 has both the highest and lowest median tax bill at $1,563.
Average Mertens Assessed Value
$105,280
Average Hill County Assessed Value
$116,870
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mertens, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76666 | $16,720 | $44,230 | $105,280 | $168,430 | $262,830 |
Source: Ownwell
$1,148
Average Mertens Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mertens, Texas
Property tax bills in Mertens, Hill County, TX, are calculated based on the assessed value of a property and the local tax rate. With a median home price of $105,280, homeowners face varying tax bills depending on their property's assessed value. Factors such as property size, location, and improvements can influence the assessed value, which in turn affects the tax bill. For instance, the 25th percentile tax bill is $560, while the 75th percentile reaches up to $2,301, and the 90th percentile goes as high as $3,691. These tax bills can be a significant burden for homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their properties are assessed accurately, potentially lowering their tax bills. This can result in substantial savings, making homeownership more affordable. With Ownwell's assistance, homeowners in Mertens can navigate the complexities of property tax assessments and reduce their financial burden.
Average Mertens Tax Bill
$1,563
Average Hill County Tax Bill
$1,810
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mertens, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76666 | $218 | $560 | $1,563 | $2,301 | $3,691 |
Source: Ownwell
$1,148
Average Mertens 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 | |
|---|---|
| Hill Appraisal District | |
| Website | esearch.hillcad.org |
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