Maypearl, Texas Property Taxes
The median property tax rate in Maypearl, TX is 1.17%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $272,118 in Maypearl, the typical annual property tax bill reaches $3,037, surpassing the national median of $2,690. Property taxes in Maypearl are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Maypearl'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 Maypearl 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
Maypearl, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$3,184
$2,946
$1,148
Average Maypearl, Texas Tax Savings
Ownwell’s MAYPEARL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MAYPEARL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MAYPEARL to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in MAYPEARL. 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 Maypearl, Texas
Property taxes in Maypearl, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maypearl is 1.17%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Maypearl set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maypearl 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 Maypearl's effective property tax rate to other counties in Texas and the national median. For comparison, the 76064 zip code has the highest median property tax rate of 1.17%, while the 76064 zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Maypearl provides valuable insights into the varying tax landscape across Ellis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maypearl Tax Rate
1.17%
Average Ellis County Tax Rate
1.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maypearl, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76064 | 0.31% | 0.81% | 1.17% | 1.69% | 1.90% |
Source: Ownwell
$1,148
Average Maypearl Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Maypearl, Texas
In Maypearl, 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 Ellis 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 Maypearl 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. The median home price in Maypearl is $272,118, with tax bills ranging from $1,511 at the 25th percentile to $5,872 at the 90th percentile. The zip code with the highest and lowest median tax bill is 76064, both at $3,037. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Maypearl Assessed Value
$272,118
Average Ellis County Assessed Value
$332,264
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maypearl, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76064 | $73,596 | $165,269 | $272,118 | $362,974 | $485,564 |
Source: Ownwell
$1,148
Average Maypearl Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Maypearl, Texas
In Maypearl, located in Ellis County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Maypearl is $272,118, and with a tax rate of 1.12%, homeowners can expect an average tax bill around $3,037. This is slightly above the national median property tax rate of 0.99%. Factors influencing the tax bill include the property's assessed value and any applicable exemptions. Homeowners in Maypearl face tax bills ranging from $1,511 at the 25th percentile to $5,872 at the 90th percentile. These variations highlight the importance of accurate property assessments and potential savings through appeals. Ownwell assists homeowners by providing expert property tax appeal and exemption services, ensuring that properties are fairly assessed and eligible for any exemptions. By leveraging Ownwell's expertise, homeowners can potentially reduce their property tax bills, making homeownership more affordable and equitable.
Average Maypearl Tax Bill
$3,037
Average Ellis County Tax Bill
$4,181
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Maypearl, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76064 | $606 | $1,511 | $3,037 | $4,425 | $5,872 |
Source: Ownwell
$1,148
Average Maypearl Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Ellis Appraisal District | |
| Phone | (972) 825-5150 |
| Website | www.elliscad.com |
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