Moody, Coryell County, Texas Property Taxes

Local government entities are responsible for setting property tax rates, which can differ significantly across a state. Each year, counties like Coryell in Texas determine their necessary budget to fund essential services. This budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. While the process involves votes and legal considerations, this is essentially how property tax rates are established annually.

Comparing Moody’s effective property tax rate to other cities in Texas and the broader national landscape reveals some interesting insights. Texas tends to have a lower median property tax rate compared to the national median of 1.02%. This is particularly evident in Moody, where the effective rate is notably below the national average. Such differences highlight the importance of understanding local tax environments, as they can significantly impact homeowners' financial responsibilities. By staying informed about these variations, property owners can make more strategic decisions regarding their investments and potential savings through tax appeals and exemptions.

In Moody, located in Coryell 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 determine the annual tax bill. Homeowners in Moody experience a range of tax bills, with the 25th percentile at $428 and the 90th percentile reaching $2,073, compared to the national median property tax bill of $2,400. Factors influencing these tax bills include the property's market value, any exemptions for which the homeowner qualifies, and the local tax rates set by the county and other taxing entities.

Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell can help homeowners in Moody save significantly on their property taxes, ensuring they pay only their fair share. With expertise in navigating the complexities of property tax assessments, Ownwell is a valuable ally for homeowners seeking to reduce their financial burden.