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Milford, Ellis County, Texas Property Taxes

  • Median Milford, TX effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Milford, TX home value: $142,670

  • Median annual Milford, TX tax bill: $985, $1,415 lower than the national median property tax bill of $2,400.

How are property taxes in Ellis County calculated?

Property taxes in Milford, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Milford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Milford, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Milford, Ellis County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.11%

Estimate Property Tax Bill

$1,584

$1,470

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Milford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Milford with just two data points. By entering your property's estimated assessed value, our calculator applies Milford’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Ellis County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Milford, Ellis County, Texas

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation arises because each county annually estimates its budget requirements to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this forms the core of the annual process.

In Milford, located in Ellis County, Texas, the effective property tax rate is a key figure for homeowners to consider. When compared to other cities in Texas and the national median, Milford's rate provides insight into the local tax landscape. The median property tax rate in Texas stands at 1.11%, which is slightly above the national median of 1.02%. This comparison underscores the importance of understanding local tax rates and how they impact property owners.

For those in Milford, being aware of these rates can aid in making informed decisions about property ownership and tax obligations.

Property Tax Rates Across Milford, Ellis County, Texas

Source: Ownwell

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0.18%

1.05%

1.92%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Milford Tax Rate

1.11%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Ellis County Tax Rate

1.33%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Milford, Ellis County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
766700.18%0.57%1.11%1.32%1.38%

Source: Ownwell

Property Tax Assessment Values Across Milford, Ellis County, Texas

When examining property taxes in Milford, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Ellis County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Ellis County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Milford.

For example, the median home price in Milford is $142,670, with tax bills ranging significantly across the county. Zip code 76670 has the highest median home price at $142,670.

Property Tax Assessment Values Across Milford, Ellis County, Texas

Source: Ownwell

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$60,988

$398,914

$736,840

Median Milford Market Value

$142,670

Median Ellis County Market Value

$332,264

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Milford, Ellis County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76670$30,000$55,620$142,670$208,922$263,782

Source: Ownwell

Property Tax Bills Across Milford, Ellis County, Texas

Property tax bills in Milford, located in Ellis County, TX, are determined by the assessed value of a property, which is typically a percentage of its market value. The median home price in Milford is $142,670, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $418, while the 75th percentile reaches $1,975, and the 90th percentile rises to $2,864. Compared to the national median property tax bill of $2,400, Milford's tax bills show a wide range, reflecting differences in property values and local tax rates. Homeowners in Milford face the challenge of ensuring their property is accurately assessed to avoid overpaying on taxes. This is where Ownwell steps in, offering expert property tax appeal services to help homeowners potentially reduce their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in appealing their property taxes, potentially leading to significant savings and ensuring they only pay their fair share.

Property Tax Bills Across Milford, Ellis County, Texas

Source: Ownwell

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$643

$3,606

$6,569

Median Milford Tax Bill

$985

Median Ellis County Tax Bill

$4,181

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Milford, Ellis County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76670$182$418$985$1,975$2,864

Source: Ownwell

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