Marquez, Texas Property Taxes
The median property tax rate in Marquez, TX is 1.32%, 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 $146,870, the typical annual property tax bill in Marquez amounts to $1,579, falling below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Navigating Marquez's property tax system, exploring available exemptions, and identifying reduction opportunities can lead to substantial annual savings. Whether you're in the heart of Marquez or another part of Leon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marquez, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$1,939
$1,799
Ownwell’s Marquez Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marquez with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marquez 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 Marquez, Texas
Property taxes in Marquez, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marquez is 1.32%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Marquez set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marquez 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 Marquez's effective property tax rate to other counties in Texas and the national median. For comparison, the 77865 zip code has the highest median property tax rate of 1.32%, while the 77865 zip code has the lowest median tax rate of 1.32%. Understanding how these cities compare with Marquez provides valuable insights into the varying tax landscape across Leon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marquez Tax Rate
1.32%
Average Leon County Tax Rate
1.60%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marquez, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77865 | 0.39% | 0.72% | 1.32% | 1.32% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Marquez, Texas
In Marquez, 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 Leon 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 Marquez, 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. For example, the median home price in Marquez is $146,870, with tax bills ranging from $511 at the 25th percentile to $5,189 at the 90th percentile. The zip code 77865 has the highest median tax bill of $1,579. 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 Marquez helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marquez Assessed Value
$146,870
Average Leon County Assessed Value
$129,755
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marquez, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77865 | $23,672 | $62,510 | $146,870 | $295,570 | $462,686 |
Source: Ownwell
Property Tax Bills Across Marquez, Texas
In Marquez, located in Leon County, 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's appraisal district, which evaluates the market value of the property. This value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Marquez, the median home price is $146,870. Tax bills can vary significantly, with the 25th percentile tax bill at $511 and the 75th percentile reaching $3,381. At the higher end, the 90th percentile tax bill is $5,189. These variations are influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Marquez homeowners experience a range of tax burdens. Understanding these factors is crucial for homeowners as they can significantly impact annual expenses and long-term financial planning.
Average Marquez Tax Bill
$1,579
Average Leon County Tax Bill
$1,738
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Marquez, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77865 | $196 | $511 | $1,579 | $3,381 | $5,189 |
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 | |
|---|---|
| Leon Appraisal District | |
| Website | www.leoncad.org |