Moore, Texas Property Taxes
The median property tax rate in Moore, TX is 1.00%, slightly above the national median of 0.99% but significantly lower than the Texas state median of 1.67%. With a median home value of $141,530, the typical annual property tax bill in Moore is $1,048, which is below the national median of $2,690. Property taxes in Moore are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Moore'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 Moore or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moore, 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 Moore Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Moore with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Moore to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan your finances accordingly. For those interested in more granular data, you can scroll down to find localized information at the neighborhood level. Your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring an accurate calculation for your property tax obligations.
Property Tax Rates Across Moore, Texas
Property taxes in Moore, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moore is 1.25%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Moore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moore 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 Moore's effective property tax rate to other counties in Texas and the national median. For comparison, the 78057 zip code has the highest median property tax rate of 1.00%, while the 78057 zip code also has the lowest median tax rate of 1.00%. Understanding how these cities compare with Moore provides valuable insights into the varying tax landscape across Medina County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moore Tax Rate
1.00%
Average Medina County Tax Rate
1.52%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moore, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78057 | 0.26% | 0.61% | 1.00% | 1.48% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Moore, Texas
In Moore, 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 Medina 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 Moore, 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. The median home price in Moore is $141,530, with the 25th percentile tax bill at $488 and the 75th percentile tax bill at $2,817. The highest and lowest median tax bills are both found in zip code 78057, at $1,048. Being aware of these valuation processes in Moore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moore Assessed Value
$141,530
Average Medina County Assessed Value
$140,520
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moore, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78057 | $36,878 | $81,280 | $141,530 | $281,285 | $400,236 |
Source: Ownwell
Property Tax Bills Across Moore, Texas
In Moore, Medina County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners then apply the local tax rate to this assessed value to determine their annual tax bill. The median home price in Moore is $141,530, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $488, while the 75th percentile tax bill reaches $2,817, and the 90th percentile tax bill can be as high as $5,039. These variations highlight how different factors, such as property size, location, and improvements, influence tax bills. Compared to the national median property tax rate of 0.99%, Moore's property taxes can be relatively high, especially for higher-valued properties. Homeowners need to account for these taxes in their annual budgets, as they can significantly impact financial planning and overall affordability of homeownership in the area.
Average Moore Tax Bill
$1,048
Average Medina County Tax Bill
$1,930
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Moore, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78057 | $186 | $488 | $1,048 | $2,817 | $5,039 |
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 | |
|---|---|
| Medina Appraisal District | |
| Website | esearch.medinacad.org |