Mccoy, Texas Property Taxes
The median property tax rate in McCoy, TX is 0.91%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in McCoy at $281,900, the typical annual property tax bill amounts to $2,006, falling below the national median of $2,690. Property taxes in McCoy are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding McCoy'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 McCoy 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
Mccoy, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$2,565
$2,374
Ownwell’s McCoy Property Tax Bill Calculator is designed to assist homeowners, real estate investors, and potential buyers in estimating their annual property taxes in McCoy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McCoy to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value is the value assigned by Atascosa County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Mccoy, Texas
Property taxes in McCoy, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McCoy is 1.23%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within McCoy set these rates annually, and they can vary significantly across different neighborhoods. Each year, McCoy 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 McCoy's effective property tax rate to other counties in Texas and the national median. For comparison, the 78113 zip code has the highest median property tax rate of 1.23%, while the 78113 zip code has the lowest median tax rate of 1.23%. Understanding how these cities compare with McCoy provides valuable insights into the varying tax landscape across Atascosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mccoy Tax Rate
0.91%
Average Atascosa County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mccoy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78113 | 0.26% | 0.44% | 0.91% | 1.39% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Mccoy, Texas
In McCoy, 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 Atascosa 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 McCoy, 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 McCoy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in McCoy is $2006 in zip code 78113.
Average Mccoy Assessed Value
$281,900
Average Atascosa County Assessed Value
$120,550
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mccoy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78113 | $34,978 | $121,169 | $281,900 | $543,120 | $882,534 |
Source: Ownwell
Property Tax Bills Across Mccoy, Texas
In McCoy, located in Atascosa County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in McCoy can expect a wide range of tax bills. For instance, the 25th percentile tax bill is around $940, while those in the 75th percentile face bills up to $3,795. At the higher end, the 90th percentile tax bill can reach $5,192. These taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, McCoy's tax rates can vary, highlighting the importance of understanding local property tax dynamics for budgeting and financial planning.
Average Mccoy Tax Bill
$2,006
Average Atascosa County Tax Bill
$1,803
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mccoy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78113 | $291 | $940 | $2,006 | $3,795 | $5,192 |
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 | |
|---|---|
| Atascosa Appraisal District | |
| Website | propaccess.trueautomation.com |