Maxwell, Texas Property Taxes
The median property tax rate in Maxwell, TX is 1.07%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $145,505 in Maxwell, the typical annual property tax bill amounts to $1,670, which is below the national median of $2,690. Property taxes in Maxwell 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 Maxwell'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 Maxwell 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
Maxwell, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$1,557
$1,441
Ownwell’s Maxwell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maxwell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maxwell 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 Maxwell, Texas
Property taxes in Maxwell, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maxwell is 1.07%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Maxwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maxwell 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 Maxwell's effective property tax rate to other counties in Texas and the national median. For comparison, the 78656 zip code has the highest median property tax rate of 1.07%, while the 78656 zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Maxwell provides valuable insights into the varying tax landscape across Caldwell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maxwell Tax Rate
1.07%
Average Caldwell County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maxwell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78656 | 0.28% | 0.61% | 1.07% | 1.53% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Maxwell, Texas
In Maxwell, 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 Caldwell 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 Maxwell, 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 Maxwell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Maxwell is $1,670, found in the 78656 zip code, while the lowest median tax bill is also $1,670 in the same zip code.
Average Maxwell Assessed Value
$145,505
Average Caldwell County Assessed Value
$238,560
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maxwell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78656 | $33,141 | $57,845 | $145,505 | $309,130 | $576,175 |
Source: Ownwell
Property Tax Bills Across Maxwell, Texas
In Maxwell, located in Caldwell County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $145,505 in Maxwell, homeowners can expect varying tax bills. The 25th percentile tax bill stands at $409, while the 75th percentile tax bill reaches $3,656, and the 90th percentile tax bill can be as high as $5,937. Several factors influence the tax bill, including property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Maxwell's tax bills reflect the local economic conditions and funding needs for public services. Higher tax bills can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning. Understanding these factors helps homeowners anticipate their annual expenses and plan accordingly.
Average Maxwell Tax Bill
$1,670
Average Caldwell County Tax Bill
$2,989
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Maxwell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78656 | $126 | $409 | $1,670 | $3,656 | $5,937 |
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 | |
|---|---|
| Caldwell Appraisal District | |
| Website | esearch.caldwellcad.org |