Mc Camey, Texas Property Taxes
The median property tax rate in MC CAMEY, TX is 1.85%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in MC CAMEY at $33,382, the typical annual property tax bill reaches $458, which is significantly lower than the national median of $2,690. Property taxes in MC CAMEY 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 MC CAMEY'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 MC CAMEY or another part of Upton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mc Camey, 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 MC CAMEY Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in MC CAMEY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC CAMEY to provide an estimate of 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 Mc Camey, Texas
Property taxes in MC Camey, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MC Camey is 1.85%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within MC Camey set these rates annually, and they can vary significantly across different neighborhoods. Each year, MC Camey 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 MC Camey's effective property tax rate to other counties in Texas and the national median. For comparison, the 79752 zip code has the highest median property tax rate of 1.85%, while the 79752 zip code also has the lowest median tax rate of 1.85%. Understanding how these cities compare with MC Camey provides valuable insights into the varying tax landscape across Upton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Camey Tax Rate
1.85%
Average Upton County Tax Rate
1.73%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Camey, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79752 | 0.30% | 1.01% | 1.85% | 2.53% | 2.65% |
Source: Ownwell
Property Tax Assessment Values Across Mc Camey, Texas
In MC CAMEY, 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 Upton 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 MC CAMEY, 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 instance, the median home price in MC CAMEY is $33,382, with tax bills ranging from $165 at the 25th percentile to $1,940 at the 90th percentile. The zip code 79752 has both the highest and lowest median tax bills, each at $458. By understanding 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 MC CAMEY helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mc Camey Assessed Value
$33,382
Average Upton County Assessed Value
$35,464
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Camey, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79752 | $4,237 | $14,994 | $33,382 | $70,453 | $113,749 |
Source: Ownwell
Property Tax Bills Across Mc Camey, Texas
In McCamey, located in Upton County, TX, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county appraisal district and takes into account various factors such as the property's market value, improvements, and any exemptions that may apply. Homeowners in McCamey can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $165 and the 75th percentile reaching up to $1,050. The 90th percentile tax bill can be as high as $1,940. Comparatively, the median property tax bill in McCamey is $458, which is considerably lower than the national median property tax rate of 0.99%. This lower tax rate can be beneficial for homeowners, making homeownership more affordable and potentially increasing the attractiveness of the area for new residents. However, it also means that local services and infrastructure may rely more heavily on other forms of revenue. Understanding these factors can help homeowners better prepare for their annual property tax obligations.
Average Mc Camey Tax Bill
$458
Average Upton County Tax Bill
$442
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Camey, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79752 | $46 | $165 | $458 | $1,050 | $1,940 |
Source: Ownwell