Menard, Texas Property Taxes
The median property tax rate in Menard, TX is 0.66%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Menard at $225,990, the typical annual property tax bill is $1,182, well below the national median of $2,690. Property taxes in Menard are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Menard's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Menard 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
Menard, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,492
$1,384
Ownwell’s Menard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Menard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Menard 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 Menard, Texas
Property taxes in Menard, Texas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Menard is 1.06%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Menard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Menard 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 Menard's effective property tax rate to other counties in Texas and the national median. For comparison, the 76859 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Menard provides valuable insights into the varying tax landscape across Menard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Menard Tax Rate
0.66%
Average Kimble County Tax Rate
0.99%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Menard, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76859 | 0.13% | 0.38% | 0.66% | 0.86% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Menard, Texas
In Menard, 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 local 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 Menard, 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 Menard is $225,990, with property tax bills ranging from $671 at the 25th percentile to $5,564 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Menard Assessed Value
$225,990
Average Kimble County Assessed Value
$130,340
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Menard, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76859 | $62,535 | $136,758 | $225,990 | $371,720 | $746,415 |
Source: Ownwell
Property Tax Bills Across Menard, Texas
Property tax bills in Menard, located in Kimble County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of the property. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Menard, the tax bill can vary significantly. For example, the 25th percentile tax bill is $671, while the 75th percentile reaches $2,386, and the 90th percentile can be as high as $5,564. These variations depend on factors such as property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, Menard's property taxes can be relatively moderate, considering the median home price of $225,990. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances accordingly.
Average Menard Tax Bill
$1,182
Average Kimble County Tax Bill
$1,187
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Menard, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76859 | $328 | $671 | $1,182 | $2,386 | $5,564 |
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 | |
|---|---|
| Kimble Appraisal District | |
| Website | propaccess.trueautomation.com |