Moscow, Texas Property Taxes
The median property tax rate in Moscow, TX is 0.68%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Moscow, the typical annual property tax bill is $556, which is well below the national median of $2,690. Property taxes in Moscow are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Moscow'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 Moscow 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
Moscow, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$664
$615
Ownwell’s Moscow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moscow with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moscow 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 Moscow, Texas
Property taxes in Moscow, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moscow is 0.68%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Moscow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moscow 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 Moscow's effective property tax rate to other counties in Texas and the national median. For comparison, the 75960 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Moscow provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moscow Tax Rate
0.68%
Average Polk County Tax Rate
1.14%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moscow, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75960 | 0.14% | 0.38% | 0.68% | 1.19% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Moscow, Texas
In Moscow, 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 Polk 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 Moscow, 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 Moscow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Moscow is $556.00 in the 75960 zip code, which also has the lowest median tax bill, reflecting the area's uniformity in property tax assessments.
Average Moscow Assessed Value
$97,680
Average Polk County Assessed Value
$100,271
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moscow, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75960 | $16,300 | $45,173 | $97,680 | $193,358 | $354,939 |
Source: Ownwell
Property Tax Bills Across Moscow, Texas
In Moscow, Texas, property tax bills are calculated based on the assessed value of the property. The local tax authority determines this value, which is then multiplied by the local tax rate to arrive at the annual tax bill. For homeowners in Moscow, the median home price is $97,680. The tax bills can vary significantly, with the 25th percentile at $220 and the 75th percentile at $1,373. At the higher end, the 90th percentile tax bill reaches $2,524. Several factors influence the tax bill, including the property's assessed value, applicable exemptions, and the specific tax rate set by local taxing entities. Homeowners in Moscow face a property tax environment that can have a substantial impact on their annual expenses. Compared to the national median property tax rate of 0.99%, the variations in Moscow highlight the importance of understanding local tax rates and potential exemptions to manage financial obligations effectively.
Average Moscow Tax Bill
$556
Average Polk County Tax Bill
$831
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Moscow, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75960 | $82 | $220 | $556 | $1,373 | $2,524 |
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 | |
|---|---|
| Polk Appraisal District | |
| Website | propaccess.trueautomation.com |