Tilden, Texas Property Taxes
The median property tax rate in Tilden, TX is 1.04%, slightly above the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Tilden, the typical annual property tax bill is $428, significantly less than the national median of $2,690. Property taxes in Tilden are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Tilden'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 Tilden or another part of McMullen County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tilden, 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 Tilden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tilden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tilden 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 Tilden, Texas
Property taxes in Tilden, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tilden is 1.04%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Tilden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tilden 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 Tilden's effective property tax rate to other counties in Texas and the national median. For comparison, the 78072 zip code has the highest median property tax rate of 1.04%, while the 78072 zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Tilden provides valuable insights into the varying tax landscape across McMullen, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tilden Tax Rate
1.04%
Average Mcmullen County Tax Rate
1.12%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tilden, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78072 | 0.18% | 0.42% | 1.04% | 1.59% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Tilden, Texas
In Tilden, 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 McMullen 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 Tilden, 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. 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 Tilden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 78072, with a median tax bill of $428.
Average Tilden Assessed Value
$43,720
Average Mcmullen County Assessed Value
$44,782
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tilden, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78072 | $6,264 | $16,148 | $43,720 | $106,757 | $384,003 |
Source: Ownwell
Property Tax Bills Across Tilden, Texas
In Tilden, located in McMullen County, TX, property tax bills are determined by several key factors. The primary component is the assessed value of the property, which is typically based on the market value. For example, with a median home price of $43,720, property owners can expect their tax bill to be calculated using this value as a baseline. The local tax rate is then applied to the assessed value to compute the annual tax bill. In this area, property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $178, while at the 75th percentile, it rises to $839, and at the 90th percentile, it reaches $1,972. This variation indicates how different property values and specific circumstances can influence the final tax amount. Homeowners in Tilden need to be aware of these factors as they directly impact their annual financial obligations. In comparison to the national median property tax rate of 0.99%, these figures provide a clear perspective on how Tilden's property taxes stack up.
Average Tilden Tax Bill
$428
Average Mcmullen County Tax Bill
$465
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Tilden, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78072 | $56 | $178 | $428 | $839 | $1,972 |
Source: Ownwell