Malakoff, Texas Property Taxes
The median property tax rate in Malakoff, TX is 1.65%, slightly lower than the Texas state median of 1.67% but still considerably higher than the national median of 0.99%. With the median home value in Malakoff at $137,952, the typical annual property tax bill reaches $1,891, which is below the national median of $2,690. Property taxes in Malakoff are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Malakoff'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 Malakoff 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
Malakoff, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Malakoff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Malakoff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Malakoff to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Malakoff, Texas
Property taxes in Malakoff, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Malakoff is 1.65%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Malakoff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Malakoff 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 Malakoff's effective property tax rate to other counties in Texas and the national median. For comparison, the 75148 zip code has the highest median property tax rate of 1.65%, while the 75148 zip code has the lowest median tax rate of 1.65%. Understanding how these cities compare with Malakoff provides valuable insights into the varying tax landscape across Henderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Malakoff Tax Rate
1.65%
Average Henderson County Tax Rate
1.40%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Malakoff, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75148 | 0.38% | 0.83% | 1.65% | 2.99% | 4.21% |
Source: Ownwell
Property Tax Assessment Values Across Malakoff, Texas
In Malakoff, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Henderson 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 Malakoff, 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. For instance, the median home price in Malakoff is $137,952, with tax bills ranging from $367 at the 25th percentile to $23,008 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,891, found in the 75148 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Malakoff Assessed Value
$137,952
Average Henderson County Assessed Value
$139,776
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Malakoff, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75148 | $9,069 | $36,854 | $137,952 | $415,955 | $926,429 |
Source: Ownwell
Property Tax Bills Across Malakoff, Texas
In Malakoff, located in Henderson County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The assessed value may differ from the market value, which is the price a home would sell for under normal conditions. To calculate the tax bill, the assessed value is multiplied by the local property tax rate. For example, if a home has an assessed value of $137,952 and the local tax rate is applied, the tax bill can vary significantly. Homeowners in Malakoff can see a wide range of property tax bills. The 25th percentile tax bill is around $367, while those in the 75th percentile can expect to pay approximately $6,924. The 90th percentile tax bill is even higher, reaching up to $23,008. These variations highlight the impact of different assessed values and tax rates on homeowners. Compared to the national median property tax rate of 0.99%, the property taxes in Malakoff can be quite variable, affecting homeowners differently based on their property's assessed value.
Average Malakoff Tax Bill
$1,891
Average Henderson County Tax Bill
$1,470
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Malakoff, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75148 | $96 | $367 | $1,891 | $6,924 | $23,008 |
Source: 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 | |
|---|---|
| Henderson Appraisal District | |
| Website | esearch.henderson-cad.org |