Miami, Gray County, Texas Property Taxes

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

Median Miami, TX effective property tax rate: 1.48%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Miami, TX home value: $114,290
Median annual Miami, TX tax bill: $1,535, $865 lower than the national median property tax bill of $2,400.

How are property taxes in Gray County calculated?

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

Last Updated March 1, 2025

Miami, Gray County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.48%

Estimate Property Tax Bill

$1,691

$1,570

Ownwell’s Miami Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Miami with just two data points. By entering your property's estimated assessed value, our calculator applies Miami’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 Miami, Gray County, Texas

Local government entities are responsible for setting property tax rates, which can differ greatly within a state. Each county determines its budget needs annually to provide essential services and divides this by the total assessed value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although voting and legislation play roles in establishing these rates and budgets, this is the core of the annual process.

In Miami, located in Gray County, the effective property tax rate is 1.48%, which aligns with the highest and lowest rates in the county. This rate is notably above the national median property tax rate of 1.02%. When comparing Miami's rate to the national median property tax bill of $2,400, residents in Miami may experience a higher tax burden, depending on their property's assessed value. This highlights the importance of understanding the local tax landscape, especially when it comes to appealing or seeking exemptions. By exploring these options, property owners in Miami can potentially reduce their tax liabilities, making it crucial to stay informed and proactive about local property tax trends.

Property Tax Rates Across Miami, 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 Miami Tax Rate

1.48%

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 Miami, Gray County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79059	1.17%	1.24%	1.48%	1.82%	1.85%

Source: Ownwell

Property Tax Assessment Values Across Miami, Gray County, Texas

When examining property taxes in MIAMI, 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. 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 MIAMI. For example, the median home price in MIAMI is $114,290, with tax bills ranging significantly across the county. ZIP code 79059 has the highest median home price at $114,290.

Property Tax Assessment Values Across Miami, Gray County, Texas

Source: Ownwell

$14,560

$75,180

$135,800

Median Miami Market Value

$114,290

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 Miami, Gray County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79059	$63,580	$68,200	$114,290	$170,540	$190,630

Source: Ownwell

Property Tax Bills Across Miami, Gray County, Texas

In Miami, Gray County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the local tax rate to calculate the tax bill. Homeowners in this area face a median property tax bill of $1,535, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,176 and the 90th percentile reaching $2,643. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. High property tax bills can be a burden for homeowners, but Ownwell offers a solution. By providing expert property tax appeal services, Ownwell helps homeowners potentially reduce their tax bills. Their team of professionals reviews property assessments and identifies discrepancies, ensuring homeowners are not overpaying. With Ownwell's assistance, you can achieve significant savings on your property taxes.

Property Tax Bills Across Miami, Gray County, Texas

Source: Ownwell

$388

$1,189

$1,989

Median Miami Tax Bill

$1,535

Median Gray County Tax Bill

$1,100

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Miami, Gray County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79059	$928	$1,176	$1,535	$2,280	$2,643

Source: Ownwell

Don't miss the deadline to protest!

Dates

Links
Gray Appraisal District
Website	esearch.graycad.org