Morton, Cochran County, Texas Property Taxes

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

Median Morton, TX effective property tax rate: 2.97%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%. Median Morton, TX home value: $15,463. Median annual Morton, TX tax bill: $416, $1,984 lower than the national median property tax bill of $2,400.

How are property taxes in Cochran County calculated?

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

Last Updated March 1, 2025

Morton, Cochran County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.97%

Estimate Property Tax Bill

$459

$426

Ownwell’s Morton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Morton with just two data points. By entering your property's estimated assessed value, our calculator applies Morton’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 Cochran County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Morton, Cochran County, Texas

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Morton’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

Morton, located in Cochran County, Texas, has an effective property tax rate that reflects the county's need to fund essential services. This rate is notably higher than the national median property tax rate of 1.02%. Texas is known for its relatively high property tax rates, and Morton is no exception. When comparing with the national median property tax bill of $2400, Morton's rate highlights the significant variations that can exist not only within a state but also in comparison to the national landscape. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Morton, Cochran County, Texas

Source: Ownwell

2.97%

3.25%

3.52%

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 Morton Tax Rate

2.97%

Median Effective Cochran County Tax Rate

3.27%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Morton, Cochran County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79346	2.20%	2.32%	2.97%	3.27%	3.33%

Source: Ownwell

Property Tax Assessment Values Across Morton, Cochran County, Texas

When examining property taxes in Morton, 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 Cochran 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.

In Cochran County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Morton.

For example, the median home price in Morton is $15,463, with tax bills ranging significantly across the county. Zip code 79346 has the highest median home price at $15,463.

Property Tax Assessment Values Across Morton, Cochran County, Texas

Source: Ownwell

$4,466

$10,154

$15,841

Median Morton Market Value

$15,463

Median Cochran County Market Value

$14,911

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Morton, Cochran County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79346	$1,798	$6,727	$15,463	$37,650	$77,118

Source: Ownwell

Property Tax Bills Across Morton, Cochran County, Texas

In Morton, located in Cochran County, Texas, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the local tax rate to determine the tax bill. With a median home price of $15,463, homeowners in Morton face property tax bills that vary significantly. For example, the tax bill for the 25th percentile is $186, while the 75th percentile tax bill is $941. These figures highlight the disparity in tax burdens within the community, with some homeowners paying considerably more than others. Compared to the national median property tax bill of $2,400, Morton's tax bills are relatively low, yet they can still pose a financial challenge for some residents. Ownwell assists homeowners by offering property tax appeal and exemption services, potentially lowering their tax burden. By leveraging expertise in property tax law and local market conditions, Ownwell can help homeowners achieve significant savings on their property tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Morton, Cochran County, Texas

Source: Ownwell

$131

$354

$576

Median Morton Tax Bill

$416

Median Cochran County Tax Bill

$427

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Morton, Cochran County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79346	$53	$186	$416	$941	$1,951

Source: Ownwell