Mc Dade, Texas Property Taxes
The median property tax rate in Mc Dade, TX is 0.99%, aligning with the national median of 0.99% but significantly lower than Texas's state median of 1.67%. With the median home value in Mc Dade at $333,050, the typical annual property tax bill reaches $2,630, which is below the national median of $2,690. Property taxes in Mc Dade are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Mc Dade'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 Mc Dade 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
Mc Dade, 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 MC DADE Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in MC DADE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC DADE 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 Mc Dade, Texas
Property taxes in Mc Dade, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mc Dade is 1.96%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Mc Dade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mc Dade 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 Mc Dade's effective property tax rate to other counties in Texas and the national median. For comparison, the 78650 zip code has the highest median property tax rate of 2.57%, while the 78650 zip code has the lowest median tax rate of 1.34%. Understanding how these cities compare with Mc Dade provides valuable insights into the varying tax landscape across Lee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Dade Tax Rate
0.99%
Average Lee County Tax Rate
1.46%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Dade, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78650 | 0.27% | 0.55% | 0.99% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Mc Dade, Texas
In Mc Dade, 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 Lee 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 Mc Dade, 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. For instance, the highest median tax bill in Mc Dade's zip code 78650 is $2,630. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mc Dade Assessed Value
$333,050
Average Lee County Assessed Value
$200,180
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Dade, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78650 | $64,218 | $154,030 | $333,050 | $771,130 | $939,926 |
Source: Ownwell
Property Tax Bills Across Mc Dade, Texas
In Mc Dade, TX, located in Lee County, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $333,050, the property tax rate significantly influences the final amount homeowners owe. Several factors are considered when determining a tax bill, including the home's market value, any applicable exemptions, and the specific tax rates set by various taxing entities, such as school districts and local governments. The tax bill can vary widely, with the 25th percentile at $1,121 and the 75th percentile reaching $4,889. At the higher end, the 90th percentile tax bill can climb to $6,752. These property taxes fund essential services like schools, infrastructure, and emergency services, directly impacting homeowners by contributing to the community's overall quality of life. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly.
Average Mc Dade Tax Bill
$2,630
Average Lee County Tax Bill
$2,398
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Dade, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78650 | $774 | $1,121 | $2,630 | $4,889 | $6,752 |
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 | |
|---|---|
| Lee Appraisal District | |
| Website | esearch.lee-cad.org |