Mathis, Texas Property Taxes
The median property tax rate in Mathis, TX, is 1.70%, noticeably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Mathis at $41,587, the typical annual property tax bill is $623, which is significantly lower than the national median of $2,690. Property taxes in Mathis are calculated based on the tax assessed value, often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Mathis'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 Mathis 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
Mathis, 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 Mathis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mathis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mathis 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 Mathis, Texas
Property taxes in Mathis, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mathis is 1.70%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Mathis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mathis 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 Mathis's effective property tax rate to other counties in Texas and the national median. For comparison, the 78368 zip code has the highest median property tax rate of 1.70%, while the 78368 zip code also has the lowest median tax rate of 1.70%. Understanding how these cities compare with Mathis provides valuable insights into the varying tax landscape across Live Oak County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mathis Tax Rate
1.70%
Average Live Oak County Tax Rate
1.49%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mathis, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78368 | 1.49% | 1.49% | 1.70% | 1.70% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Mathis, Texas
In Mathis, 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 Live Oak 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 Mathis, 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 instance, the highest median tax bill in Mathis is $623 in the 78368 zip code, illustrating the variability in tax obligations. 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 Mathis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mathis Assessed Value
$41,587
Average Live Oak County Assessed Value
$67,776
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mathis, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78368 | $4,666 | $13,830 | $41,587 | $99,376 | $189,814 |
Source: Ownwell
Property Tax Bills Across Mathis, Texas
In Mathis, located in Live Oak County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. The tax rate, applied to this assessed value, is set by local taxing authorities and can vary. For example, the median home price in Mathis is $41,587. Homeowners in the 25th percentile can expect a tax bill around $231, while those in the 75th percentile might see bills as high as $1,579. The highest tax bills, in the 90th percentile, can reach up to $3,011. These taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Mathis homeowners experience a varied range of tax bills, reflecting differences in property values and local tax rates. The highest median tax bill in the area is $623, making it crucial for homeowners to understand how their property is assessed and the impact on their annual expenses.
Average Mathis Tax Bill
$623
Average Live Oak County Tax Bill
$1,069
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mathis, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78368 | $82 | $231 | $623 | $1,579 | $3,011 |
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 | |
|---|---|
| Live Oak Appraisal District | |
| Website | propertysearch.liveoakcad.org |