Midlothian, Texas Property Taxes
The median property tax rate in Midlothian, TX is 1.37%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Midlothian, the typical annual property tax bill reaches $5,624, exceeding the national median of $2,690. Property taxes in Midlothian are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Midlothian'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 Midlothian 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
Midlothian, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$5,891
$5,452
$1,148
Average Midlothian, Texas Tax Savings
Ownwell’s Midlothian Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Midlothian with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Midlothian 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 Midlothian. 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 Midlothian, Texas
Property taxes in Midlothian, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Midlothian is 1.37%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Midlothian set these rates annually, and they can vary significantly across different neighborhoods. Each year, Midlothian 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 Midlothian's effective property tax rate to other counties in Texas and the national median. For comparison, the 76065 zip code has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Midlothian 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 Midlothian Tax Rate
1.37%
Average Ellis County Tax Rate
1.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Midlothian, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76065 | 0.62% | 1.02% | 1.37% | 1.58% | 1.88% |
Source: Ownwell
$1,148
Average Midlothian Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Midlothian, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Midlothian, 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 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. In Midlothian, 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, in the 76065 zip code, the median tax bill is $5,624. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Midlothian Assessed Value
$430,000
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 Midlothian, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76065 | $106,199 | $292,346 | $430,000 | $547,382 | $693,890 |
Source: Ownwell
$1,148
Average Midlothian Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Midlothian, Texas
In Midlothian, Ellis County, TX, property tax bills are calculated based on the assessed value of your home, which is determined by the county appraisal district. The tax rate is then applied to this assessed value to determine your annual tax bill. For instance, with a median home price of $430,000, homeowners can expect tax bills ranging from $3,508 at the 25th percentile to $9,571 at the 90th percentile. These figures can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Factors considered in determining the tax bill include property size, location, market conditions, and any improvements made to the property. This can result in substantial variations in tax bills even within the same zip code, such as 76065, which has both the highest and lowest median tax bills at $5,624. Ownwell can assist homeowners by reviewing their property assessments and identifying potential discrepancies. By filing appeals and seeking exemptions, Ownwell helps ensure that homeowners are not overpaying, potentially saving them hundreds or even thousands of dollars on their property tax bills.
Average Midlothian Tax Bill
$5,624
Average Ellis County Tax Bill
$4,181
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Midlothian, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76065 | $1,245 | $3,508 | $5,624 | $7,687 | $9,571 |
Source: Ownwell
$1,148
Average Midlothian 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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