Moody, Texas Property Taxes
The median property tax rate in Moody, TX is 0.31%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $296,610 in Moody, the typical annual property tax bill amounts to $780, which is well below the national median of $2,690. Property taxes in Moody 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 Moody'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 Moody or another part of Coryell County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moody, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.31%
Estimate Property Tax Bill
$919
$851
Ownwell’s Moody Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moody with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moody 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 Moody, Texas
Property taxes in Moody, Texas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Moody is 0.31%, which is lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Moody set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moody 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 Moody's effective property tax rate to other counties in Texas and the national median. For comparison, the 77494 zip code has the highest median property tax rate of 2.44%, while the 79901 zip code has the lowest median tax rate of 0.83%. Understanding how these cities compare with Moody provides valuable insights into the varying tax landscape across Coryell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moody Tax Rate
0.31%
Average Coryell County Tax Rate
1.21%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moody, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76557 | 0.12% | 0.21% | 0.31% | 0.38% | 0.38% |
Source: Ownwell
Property Tax Assessment Values Across Moody, Texas
In Moody, 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 Coryell 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 Moody, 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. For instance, the median tax bill in Moody is $780.00. Homeowners should also be aware that the 25th percentile tax bill is $428, while the 75th percentile tax bill is $1262, and the 90th percentile tax bill is $2073. Being aware of these valuation processes in Moody helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moody Assessed Value
$296,610
Average Coryell County Assessed Value
$187,894
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moody, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76557 | $84,754 | $169,200 | $296,610 | $461,580 | $734,122 |
Source: Ownwell
Property Tax Bills Across Moody, Texas
In Moody, located in Coryell County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in Moody experience a median home price of $296,610. Property taxes are determined by multiplying the assessed value of the property by the local tax rate. This rate is set by various taxing entities, such as school districts and municipal governments, and can vary annually. Several factors influence the property tax bill, including the property's assessed value, which reflects the market value, and applicable exemptions that may reduce the taxable value. Homeowners in Moody can expect their property tax bills to fall within a range, with the 25th percentile at $428 and the 75th percentile at $1,262. For those at the higher end, the 90th percentile tax bill reaches $2,073. These property taxes significantly impact homeowners, affecting their overall housing costs and financial planning. Understanding how these taxes are calculated helps homeowners anticipate and manage their annual expenses more effectively.
Average Moody Tax Bill
$780
Average Coryell County Tax Bill
$1,950
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Moody, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76557 | $225 | $428 | $780 | $1,262 | $2,073 |
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 | |
|---|---|
| Coryell Appraisal District | |
| Website | propertysearch.coryellcad.org |