Millersview, Texas Property Taxes
The median property tax rate in Millersview, TX is 1.41%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Millersview at $119,770, the typical annual property tax bill amounts to $1,438, which is below the national median of $2,690. Property taxes in Millersview are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Millersview'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 Millersview 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
Millersview, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$1,689
$1,567
Ownwell’s Millersview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Millersview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Millersview 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 Millersview, Texas
Property taxes in Millersview, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Millersview is 1.41%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Millersview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Millersview 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 Millersview's effective property tax rate to other counties in Texas and the national median. For comparison, the 76862 zip code has the highest median property tax rate of 1.41%, while the same 76862 zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Millersview provides valuable insights into the varying tax landscape across Concho County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Millersview Tax Rate
1.41%
Average Concho County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Millersview, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76862 | 0.91% | 1.20% | 1.41% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Millersview, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Millersview, Texas. 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 Concho 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. Assessment notices in Millersview 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. The median home price in Millersview is $119,770. The 25th percentile tax bill is around $540, while the 75th percentile tax bill is about $2620, and the 90th percentile tax bill reaches up to $4165. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Millersview Assessed Value
$119,770
Average Concho County Assessed Value
$75,090
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Millersview, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76862 | $7,129 | $43,270 | $119,770 | $221,138 | $328,045 |
Source: Ownwell
Property Tax Bills Across Millersview, Texas
In Millersview, located in Concho County, TX, property tax bills are determined by assessing the property's market value, then applying the local tax rate. The assessed value is derived from the market price, which in Millersview has a median of $119,770. Homeowners in this region experience a range of property tax bills. For instance, the 25th percentile tax bill is about $540, while the 75th percentile reaches $2,620, and the 90th percentile can go up to $4,165. These tax bills significantly impact homeowners, as they must budget for these expenses annually. The local tax rate is a critical factor in these calculations, which can vary from year to year based on municipal budget requirements and voter-approved measures. Compared to the national median property tax rate of 0.99%, Millersview's property taxes reflect the local economic conditions and public service needs. Understanding these factors helps homeowners anticipate their financial responsibilities and manage their property investments effectively.
Average Millersview Tax Bill
$1,438
Average Concho County Tax Bill
$1,196
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Millersview, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76862 | $101 | $540 | $1,438 | $2,620 | $4,165 |
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 | |
|---|---|
| Concho Appraisal District | |
| Website | esearch.conchocad.org |