Moran, Texas Property Taxes
The median property tax rate in Moran, TX is 0.74%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Moran, the typical annual property tax bill is $506, well below the national median of $2,690. Property taxes in Moran 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 Moran'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 Moran 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
Moran, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$597
$554
Ownwell’s Moran Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moran with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moran 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 Moran, Texas
Property taxes in Moran, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moran is 0.74%, higher than the U.S. national median of 0.99%. Local government entities within Moran set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moran 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 Moran's effective property tax rate to other counties in Texas and the national median. For comparison, the 76464 zip code has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Moran provides valuable insights into the varying tax landscape across Callahan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moran Tax Rate
0.74%
Average Callahan County Tax Rate
1.46%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moran, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76464 | 0.48% | 0.54% | 0.74% | 1.24% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Moran, Texas
In Moran, 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 Callahan 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 Moran, 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 Moran helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Moran is $506.00, found in zip code 76464, while the lowest is also $506.00, in the same zip code.
Average Moran Assessed Value
$80,630
Average Callahan County Assessed Value
$107,800
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moran, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76464 | $21,942 | $38,760 | $80,630 | $112,670 | $151,064 |
Source: Ownwell
Property Tax Bills Across Moran, Texas
In Moran, located in Callahan County, TX, property tax bills are calculated based on the assessed value of the property and the applicable tax rate. The assessed value is determined by the local appraisal district and represents the market value of the property. The property tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Moran, the median home price is $80,630, and property tax bills vary significantly. The 25th percentile tax bill is $434, while the 75th percentile reaches $610. For those at the 90th percentile, tax bills can climb to $1,034. These amounts are influenced by the property's assessed value and any exemptions that may apply, such as homestead exemptions. Compared to the national median property tax rate of 0.99%, Moran's property tax rates can impact homeowners differently. Understanding these factors helps homeowners anticipate their annual tax responsibilities and plan their finances accordingly.
Average Moran Tax Bill
$506
Average Callahan County Tax Bill
$1,364
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Moran, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76464 | $253 | $434 | $506 | $610 | $1,034 |
Source: Ownwell