Katemcy, Texas Property Taxes
The median property tax rate in Katemcy, TX is 1.69%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Katemcy at $271,792, the typical annual property tax bill reaches $4,606, exceeding the national median of $2,690. Property taxes in Katemcy are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Katemcy'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 Katemcy 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
Katemcy, 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 Katemcy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Katemcy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Katemcy 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 Katemcy, Texas
Property taxes in Katemcy, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Katemcy is 1.69%, higher than both the Texas state median of 1.69% and the U.S. national median of 0.99%. Local government entities within Katemcy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Katemcy 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 Katemcy's effective property tax rate to other counties in Texas and the national median. For comparison, the 76825 zip code has the highest median property tax rate of 1.69%, while the 76825 zip code has the lowest median tax rate of 1.69%. Understanding how these cities compare with Katemcy provides valuable insights into the varying tax landscape across Mason County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Katemcy Tax Rate
1.69%
Average Mason County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Katemcy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76825 | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Katemcy, Texas
In Katemcy, 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 Mason 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 Katemcy, 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. The median home price in Katemcy is $271,792, with median tax bills at $4,606. 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 Katemcy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Katemcy Assessed Value
$271,792
Average Mason County Assessed Value
$221,377
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Katemcy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76825 | $271,792 | $271,792 | $271,792 | $271,792 | $271,792 |
Source: Ownwell
Property Tax Bills Across Katemcy, Texas
In Katemcy, Mason County, TX, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the Mason County Appraisal District, which evaluates the market value of homes. Homeowners in Katemcy face a median property tax rate that is competitive within the state. For example, the median home price in Katemcy is $271,792, and the property tax bill at various percentiles—25th, 75th, and 90th—remains consistent at $4,606. This indicates a stable tax environment for homeowners. Factors considered in determining the tax bill include the property's assessed value and any applicable exemptions, such as homestead exemptions, which can reduce the taxable value. Compared to the national median property tax rate of 0.99%, Katemcy's property tax rate can significantly impact homeowners' annual expenses. The consistency in the tax bill amount across different percentiles suggests a uniform application of tax rates and assessments, providing predictability for residents.
Average Katemcy Tax Bill
$4,606
Average Mason County Tax Bill
$2,755
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Katemcy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76825 | $4,606 | $4,606 | $4,606 | $4,606 | $4,606 |
Source: Ownwell