Merkel, Texas Property Taxes
The median property tax rate in Merkel, TX is 1.27%, 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 $189,740 in Merkel, the typical annual property tax bill reaches $2,217, slightly below the national median of $2,690. Property taxes in Merkel are calculated based on the tax assessed value, which is usually lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Merkel'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 Merkel 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
Merkel, 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 Merkel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Merkel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Merkel 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 Merkel, Texas
Property taxes in Merkel, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Merkel is 1.27%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Merkel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Merkel 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 Merkel's effective property tax rate to other counties in Texas and the national median. For comparison, the 79536 zip code has the highest median property tax rate of 1.27%, while the 79536 zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Merkel provides valuable insights into the varying tax landscape across Jones County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Merkel Tax Rate
1.27%
Average Jones County Tax Rate
1.86%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Merkel, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79536 | 0.58% | 0.93% | 1.27% | 1.56% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Merkel, Texas
In Merkel, 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 Jones 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 Merkel, 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. The median home price in Merkel is $189,740, with tax bills ranging from $1,097 at the 25th percentile to $5,147 at the 90th percentile. The highest and lowest median tax bills are both $2,217 in zip code 79536. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Merkel Assessed Value
$189,740
Average Jones County Assessed Value
$99,290
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Merkel, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79536 | $42,510 | $96,200 | $189,740 | $301,420 | $428,494 |
Source: Ownwell
Property Tax Bills Across Merkel, Texas
In Merkel, located in Jones County, TX, property tax bills are determined based on the assessed value of a home. The assessed value is typically a percentage of the market value, which is evaluated by the county's appraisal district. Various factors, such as property size, location, and improvements, influence this valuation. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Merkel, the median home price is $189,740. The tax bills vary significantly, with the 25th percentile at $1,097 and the 75th percentile reaching $3,643. At the 90th percentile, tax bills can go up to $5,147. Comparatively, the national median property tax rate is 0.99%, demonstrating how local rates and property values can impact the overall tax burden on homeowners. For instance, the highest median tax bill in the area is $2,217, as seen in the 79536 zip code. This variability highlights the importance of understanding local property tax calculations and their implications for homeowners.
Average Merkel Tax Bill
$2,217
Average Jones County Tax Bill
$1,671
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Merkel, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79536 | $431 | $1,097 | $2,217 | $3,643 | $5,147 |
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 | |
|---|---|
| Jones Appraisal District | |
| Website | www.jonescad.org |