Morgan, Bosque County, Texas Property Taxes

Name: Property Tax Bills Across Morgan, Bosque County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Morgan, TX effective property tax rate: 1.20%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Morgan, TX home value: $139,110
Median annual Morgan, TX tax bill: $1,425, $975 lower than the national median property tax bill of $2,400.

How are property taxes in Bosque County calculated?

Property taxes in Morgan, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Morgan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Morgan, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Morgan, Bosque County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.2%

Estimate Property Tax Bill

$1,669

$1,549

Ownwell’s Morgan Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Morgan with just two data points. By entering your property's estimated assessed value, our calculator applies Morgan’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bosque County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Morgan, Bosque County, Texas

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and then divides this amount by the total assessed value of all taxable property within its jurisdiction. The result of this calculation is the property tax rate. Although votes and legislative measures play a role in determining tax rates and budgets, this is essentially the process followed each year.

In Morgan, located in Bosque County, Texas, you can compare the effective property tax rate to other cities within the state and the broader national landscape. Texas's median property tax rate is notably higher than the national median of 1.02%. This means homeowners in Morgan may find themselves paying more in property taxes compared to the national average, impacting their overall property expenses. Understanding these rates is crucial for property owners looking to manage their tax liabilities effectively. By staying informed, residents can make better decisions regarding their property investments and tax obligations.

Property Tax Rates Across Morgan, Bosque County, Texas

Source: Ownwell

1.08%

1.24%

1.40%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Morgan Tax Rate

1.20%

Median Effective Bosque County Tax Rate

1.22%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Morgan, Bosque County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
76671	0.60%	0.84%	1.20%	1.20%	1.59%

Source: Ownwell

Property Tax Assessment Values Across Morgan, Bosque County, Texas

When examining property taxes in Morgan, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bosque County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. For example, the median home price in Morgan is $139,110, with tax bills ranging significantly across the county. The zip code 76671 has the highest median home price at $139,110.

Property Tax Assessment Values Across Morgan, Bosque County, Texas

Source: Ownwell

$110,810

$260,900

$410,990

Median Morgan Market Value

$139,110

Median Bosque County Market Value

$159,096

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Morgan, Bosque County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
76671	$26,119	$65,615	$139,110	$243,460	$356,507

Source: Ownwell

Property Tax Bills Across Morgan, Bosque County, Texas

In Morgan, located in Bosque County, TX, property tax bills are determined based on the assessed value of a home. Unlike the national median property tax bill of $2,400, Morgan's tax bills vary significantly, with the 25th percentile at $663 and the 75th percentile at $2,435. These figures indicate a broad range, highlighting the variability in property tax burdens within the area. The assessed value is influenced by factors such as the home's market value, location, and any improvements made. Homeowners in Morgan can find themselves paying more than the national median tax rate of 1.02%, depending on these factors. This can place a substantial financial burden on property owners. Ownwell offers expert property tax appeal and exemption services, helping homeowners potentially reduce their tax bills. By leveraging local expertise and a deep understanding of the property tax system, Ownwell can assist homeowners in navigating the complexities of property taxation, ensuring they only pay their fair share.

Property Tax Bills Across Morgan, Bosque County, Texas

Source: Ownwell

$985

$2,953

$4,921

Median Morgan Tax Bill

$1,425

Median Bosque County Tax Bill

$1,864

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Morgan, Bosque County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
76671	$264	$663	$1,425	$2,435	$3,689

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
Bosque Appraisal District
Website	esearch.bosquecad.com