Mclean, Gray County, Texas Property Taxes

Name: Property Tax Bills Across Mclean, Gray County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median McLean, TX effective property tax rate: 2.11%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median McLean, TX home value: $23,445
Median annual McLean, TX tax bill: $457, $1,943 lower than the national median property tax bill of $2,400.

How are property taxes in Gray County calculated?

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

Last Updated March 1, 2025

Mclean, Gray County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.11%

Estimate Property Tax Bill

$495

$459

Ownwell’s McLean Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in McLean with just two data points.

By entering your property's estimated assessed value, our calculator applies McLean’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 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 Gray County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mclean, Gray County, Texas

Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate the necessary budget to provide essential services and divide that amount by the total value of all taxable properties within their jurisdiction. This calculation determines the property tax rate. While votes and regulations play a role in setting tax rates and budgets, this annual process is the core method.

In McLean, located in Gray County, Texas, the effective property tax rate is notably higher than both the state and national averages. The median property tax rate in Texas is significantly lower than McLean's rate, highlighting the variability within the state. With a national median property tax rate of 1.02%, McLean's rate reflects the higher end of the spectrum. This can impact homeowners' annual tax bills, potentially resulting in higher expenses compared to other regions. Understanding these rates is crucial for property owners, as they directly influence financial planning and property investment decisions. By comparing McLean's property tax rate to other cities and state medians, property owners can gain valuable insights into potential costs and make informed decisions.

Property Tax Rates Across Mclean, Gray County, Texas

Source: Ownwell

1.46%

2.15%

2.83%

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 Mclean Tax Rate

2.11%

Median Effective Gray County Tax Rate

2.61%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mclean, Gray County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79057	1.42%	1.71%	2.11%	2.11%	2.11%

Source: Ownwell

Property Tax Assessment Values Across Mclean, Gray County, Texas

When examining property taxes in McLean, 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 Gray 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 Gray 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 McLean.

For example, the median home price in McLean is $23,445, with tax bills ranging significantly across the county. Zip code 79057 has the highest median home price at $23,445.

Property Tax Assessment Values Across Mclean, Gray County, Texas

Source: Ownwell

$14,560

$75,180

$135,800

Median Mclean Market Value

$23,445

Median Gray County Market Value

$47,170

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mclean, Gray County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79057	$9,330	$14,770	$23,445	$60,092	$105,000

Source: Ownwell

Property Tax Bills Across Mclean, Gray County, Texas

In McLean, located in Gray County, TX, property tax bills are determined based on the assessed value of a home. The median home price in the area is $23,445, which significantly influences the property tax bill. The tax rate applied to this assessed value determines the final tax bill. Homeowners in McLean experience a range of tax bills, with the 25th percentile at $293 and the 90th percentile reaching up to $1,758. This variation is influenced by factors such as property location, home improvements, and local government budgets. With the national median property tax rate at 1.02%, McLean's property tax bills are relatively modest, providing some relief to homeowners. However, even these bills can be a significant expense for many. Ownwell helps homeowners in McLean by offering property tax appeal and exemption services, potentially lowering their tax obligations. By analyzing property assessments and market conditions, Ownwell identifies opportunities for savings, ensuring homeowners pay only their fair share in property taxes.

Property Tax Bills Across Mclean, Gray County, Texas

Source: Ownwell

$388

$1,189

$1,989

Median Mclean Tax Bill

$457

Median Gray County Tax Bill

$1,100

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Mclean, Gray County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79057	$186	$293	$457	$1,069	$1,758

Source: Ownwell

Don't miss the deadline to protest!

Dates

Links
Gray Appraisal District
Website	esearch.graycad.org