Maryneal, Texas Property Taxes
The median property tax rate in Maryneal, TX is 1.69%, slightly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Maryneal at $95,820, the typical annual property tax bill reaches $1,386, which is below the national median of $2,690. Property taxes in Maryneal 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 Maryneal'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 Maryneal or another part of Nolan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maryneal, 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 Maryneal Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Maryneal with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maryneal to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Nolan County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Maryneal, Texas
Property taxes in Maryneal, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maryneal is 1.69%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Maryneal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maryneal 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 Maryneal's effective property tax rate to other counties in Texas and the national median. For comparison, the 79535 zip code has the highest median property tax rate of 1.69%, while the same zip code also has the lowest median tax rate of 1.69%. Understanding how these cities compare with Maryneal provides valuable insights into the varying tax landscape across Nolan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maryneal Tax Rate
1.69%
Average Nolan County Tax Rate
2.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maryneal, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79535 | 0.77% | 1.38% | 1.69% | 1.72% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Maryneal, Texas
In Maryneal, 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 Nolan 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 Maryneal, 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 Maryneal helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 79535 has the highest and lowest median tax bill at $1,386.
Average Maryneal Assessed Value
$95,820
Average Nolan County Assessed Value
$69,100
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maryneal, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79535 | $21,317 | $46,758 | $95,820 | $155,210 | $278,017 |
Source: Ownwell
Property Tax Bills Across Maryneal, Texas
In Maryneal, Texas, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $95,820, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rates applied. Several factors influence the tax bill, including the property's location, improvements, and exemptions. For example, the 25th percentile tax bill stands at $540, while the 75th percentile reaches up to $2,279. For those in the 90th percentile, the tax bill can be as high as $4,132. This range demonstrates the variability in tax burdens across different properties. Compared to the national median property tax rate of 0.99%, homeowners in Maryneal may experience different levels of financial impact. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Maryneal Tax Bill
$1,386
Average Nolan County Tax Bill
$1,393
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Maryneal, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79535 | $150 | $540 | $1,386 | $2,279 | $4,132 |
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 | |
|---|---|
| Nolan Appraisal District | |
| Website | www.nolan-cad.org |