Mountain Home, Kimble County, Texas Property Taxes

Local government entities determine tax rates, which can significantly differ within a state. Annually, each county calculates its required budget for services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the core annual process.

Mountain Home in Kimble County, Texas, has an effective property tax rate of 0.44%, which is considerably lower than the national median rate of 1.02%. This makes it an attractive location for property owners looking for lower tax burdens. The median property tax rate in Texas is also relatively low compared to other states, offering potential savings for residents. By comparing Mountain Home's effective property tax rate with other cities in Texas and the median property tax rates in Texas and the U.S., property owners can make informed decisions about where to invest or reside. With its favorable tax rate, Mountain Home stands out as an appealing choice for those seeking to minimize property tax expenses while enjoying the benefits of living in Texas.

In Mountain Home, located in Kimble County, TX, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value, which is determined by the county appraisal district. Homeowners in Mountain Home face a median tax bill of $1666, which is lower than the national median of $2400. The tax bill can vary significantly, with the 25th percentile at $1029 and the 90th percentile reaching $2772. These variations depend on factors such as property size, location, and improvements.

For homeowners, high property taxes can be burdensome, impacting monthly budgets and long-term financial planning. Ownwell offers a solution by helping homeowners appeal their property tax assessments and secure exemptions. By analyzing local market trends and property values, Ownwell identifies opportunities for savings, potentially reducing tax bills and easing the financial strain on homeowners. With expert guidance, homeowners can navigate the complexities of property taxes and ensure they are not overpaying.