Mcdonald Obs, Texas Property Taxes
The median property tax rate in MCDONALD OBS, TX is 1.21%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $102,610 in MCDONALD OBS, the typical annual property tax bill amounts to $1,241, falling below the national median of $2,690. Property taxes in MCDONALD OBS are calculated based on the assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding the property tax system in MCDONALD OBS, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of MCDONALD OBS 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
Mcdonald Obs, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,242
$1,152
Ownwell’s MCDONALD OBS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MCDONALD OBS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MCDONALD OBS 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 Mcdonald Obs, Texas
Property taxes in McDonald OBS, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McDonald OBS is 1.21%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within McDonald OBS set these rates annually, and they can vary significantly across different neighborhoods. Each year, McDonald OBS 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 McDonald OBS's effective property tax rate to other counties in Texas and the national median. For comparison, the 79734 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with McDonald OBS provides valuable insights into the varying tax landscape across Jeff Davis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mcdonald Obs Tax Rate
1.21%
Average Jeff Davis County Tax Rate
1.38%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mcdonald Obs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79734 | 0.97% | 1.06% | 1.21% | 1.32% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Mcdonald Obs, Texas
In MCDONALD OBS, 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 Jeff Davis 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 MCDONALD OBS, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in MCDONALD OBS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 79734, with a median tax bill of $1241.00, while the same zip code also represents the lowest median tax bill.
Average Mcdonald Obs Assessed Value
$102,610
Average Jeff Davis County Assessed Value
$114,800
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mcdonald Obs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79734 | $36,450 | $61,260 | $102,610 | $142,955 | $167,162 |
Source: Ownwell
Property Tax Bills Across Mcdonald Obs, Texas
In McDonald Obs, TX, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county and is a percentage of the property's market value. For homeowners in this area, the median home price is $102,610. The tax rate applied to this assessed value determines the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. In McDonald Obs, the 25th percentile tax bill is $763, while the 75th percentile tax bill reaches $1,454. The highest median tax bill in the county is $1,241, which is consistent with the lowest median tax bill, indicating a uniformity in tax burdens across different properties. These property taxes fund essential local services, including schools, public safety, and infrastructure. Homeowners need to budget for these taxes as they can significantly impact overall housing costs, especially when compared to the national median property tax rate of 0.99%.
Average Mcdonald Obs Tax Bill
$1,241
Average Jeff Davis County Tax Bill
$1,391
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mcdonald Obs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79734 | $476 | $763 | $1,241 | $1,454 | $1,581 |
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 | |
|---|---|
| Jeff Davis Appraisal District | |
| Website | www.jeffdaviscad.org |