Mason, Texas Property Taxes
The median property tax rate in Mason, TX is 1.44%, which is considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $223,374 in Mason, the typical annual property tax bill reaches $2,798, surpassing the national median of $2,690. Property taxes in Mason are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mason'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 Mason 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
Mason, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$3,217
$2,976
Ownwell’s Mason Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mason with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mason 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 Mason, Texas
Property taxes in Mason, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mason is 1.44%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Mason set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mason 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 Mason's effective property tax rate to other counties in Texas and the national median. For comparison, the 76856 zip code has the highest median property tax rate of 1.44%, while the 76856 zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Mason 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 Mason Tax Rate
1.44%
Average Mason County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mason, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76856 | 0.57% | 1.04% | 1.44% | 1.92% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Mason, Texas
In Mason, 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 Mason, 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 highest median tax bill in Mason is $2,798 in the 76856 zip code. 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 Mason helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mason Assessed Value
$223,374
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 Mason, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76856 | $56,289 | $121,308 | $223,374 | $357,622 | $574,653 |
Source: Ownwell
Property Tax Bills Across Mason, Texas
In Mason, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is evaluated by the county appraisal district. Homeowners in Mason can expect varying tax bills based on the value of their property. For instance, the 25th percentile tax bill is around $1,433, while the 75th percentile tax bill reaches up to $4,506. The 90th percentile tax bill can be as high as $6,473. The median home price in Mason is $223,374, and the property tax rate is compared to the national median rate of 0.99%. Homeowners in Mason might find their tax bills higher or lower depending on their property's assessed value and the specific tax rate applied. These tax bills significantly impact homeowners, influencing their annual financial planning and overall cost of homeownership. Understanding these factors helps homeowners anticipate their property tax obligations more accurately.
Average Mason Tax Bill
$2,798
Average Mason County Tax Bill
$2,755
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mason, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76856 | $612 | $1,433 | $2,798 | $4,506 | $6,473 |
Source: Ownwell