Midland, Glasscock County, Texas Property Taxes
Last Updated March 1, 2025
Midland, Glasscock County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$1,928
$1,790
Property Tax Rates Across Midland, Glasscock County, Texas
Local government entities in Texas set property tax rates, which can vary widely within the state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Midland, located in Glasscock County, has an effective property tax rate of 0.90%, which is below the national median of 1.02%. This rate is reflective of the county's budgeting needs and property values. Comparatively, the state's median property tax rate aligns with Midland's, indicating a consistent approach to property taxation within Texas.
Understanding these rates is crucial for property owners in Texas, as they directly impact annual tax bills. With the national median property tax bill at $2,400, residents in Midland may find their tax obligations more manageable. By appealing their property taxes, residents can potentially lower their bills further, ensuring they only pay their fair share.
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 Midland Tax Rate
0.90%
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 Glasscock County Tax Rate
0.90%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Midland, Glasscock County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79706 | 0.86% | 0.90% | 0.90% | 0.90% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Midland, Glasscock County, Texas
When examining property taxes in Midland, 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 Glasscock 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.
Assessment notices:
In Glasscock County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April.
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 Midland.
For example, the median home price in Midland is $214,274, with tax bills ranging significantly across the county. 79706 has the highest median home price at $214,274.
Property Tax Assessment Values Across Midland, Glasscock County, Texas
Source: Ownwell
$52,440
$133,357
$214,274
Median Midland Market Value
$214,274
Median Glasscock County Market Value
$65,276
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Midland, Glasscock County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79706 | $48,827 | $98,626 | $214,274 | $234,976 | $246,922 |
Source: Ownwell
Property Tax Bills Across Midland, Glasscock County, Texas
In Midland, located in Glasscock County, TX, property tax bills are determined by assessing the value of a property and applying the local tax rate. With a median home price of $214,274, homeowners can expect varied tax bills. The 25th percentile tax bill is $856, while the 75th percentile reaches $2,090, and the 90th percentile is $2,231. This range indicates that factors such as property value and location within the city significantly influence tax bills. The median tax bill in the area is $1,573, which is lower than the national median of $2,400, offering a comparative advantage to homeowners in Midland. However, higher assessments can still strain household budgets.
Ownwell offers property tax appeal and exemption services to help homeowners reduce their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell ensures that homeowners are not overpaying. Our expertise in local tax regulations allows us to effectively advocate for fair property tax bills, potentially saving homeowners significant amounts annually.
Median Midland Tax Bill
$1,573
Median Glasscock County Tax Bill
$576
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Midland, Glasscock County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79706 | $610 | $856 | $1,573 | $2,090 | $2,231 |
Source: Ownwell