Midway, Madison County, Texas Property Taxes

Name: Property Tax Bills Across Midway, Madison County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Midway, TX effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Midway, TX home value: $159,660
Median annual Midway, TX tax bill: $961, $1,439 lower than the national median property tax bill of $2,400.

How are property taxes in Madison County calculated?

Property taxes in Midway, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Midway’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Midway, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Midway, Madison County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.71%

Estimate Property Tax Bill

$1,134

$1,052

Ownwell’s Midway Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Midway with just two data points. By entering your property's estimated assessed value, our calculator applies Midway’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Madison. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Midway, Madison County, Texas

Local government entities determine tax rates, which can vary widely within Texas. This variation occurs because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Midway in Madison County has a property tax rate that reflects the county's budgetary needs and the total assessed property value. Comparing Midway’s effective property tax rate to other cities in Texas and the U.S. reveals some interesting insights. Texas has a median property tax rate of 0.71%, which is lower than the national median of 1.02%. This indicates that property owners in Midway may enjoy relatively lower tax rates compared to the national average. However, it is essential for property owners to stay informed about their local tax rates and potential savings through property tax appeals and exemptions. Understanding these aspects can lead to significant savings and ensure that property taxes are fair and equitable.

Property Tax Rates Across Midway, Madison County, Texas

Source: Ownwell

0.57%

0.85%

1.13%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Midway Tax Rate

0.71%

Median Effective Madison County Tax Rate

0.95%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Midway, Madison County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
75852	0.13%	0.34%	0.71%	1.41%	1.56%

Source: Ownwell

Property Tax Assessment Values Across Midway, Madison County, Texas

When examining property taxes in Midway, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Madison County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Madison County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Midway.

For example, the median home price in Midway is $159,660, with tax bills ranging significantly across the county. Zip code 75852 has the highest median home price at $159,660.

Property Tax Assessment Values Across Midway, Madison County, Texas

Source: Ownwell

$138,820

$198,790

$258,760

Median Midway Market Value

$159,660

Median Madison County Market Value

$154,920

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Midway, Madison County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
75852	$20,358	$53,995	$159,660	$390,680	$745,940

Source: Ownwell

Property Tax Bills Across Midway, Madison County, Texas

In Midway, located in Madison County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. Homeowners in this area face a range of property tax bills. The 25th percentile tax bill stands at $338, while the 75th percentile reaches $2,169, and the 90th percentile can rise to $4,024. These amounts highlight the variability in tax bills depending on property values and specific circumstances. The median home price in Midway is $159,660, and with the national median property tax rate at 1.02%, homeowners in this region may see differences in their tax obligations. For homeowners looking to save on their property tax bills, Ownwell offers expert property tax appeal and exemption services. By leveraging local expertise and understanding the nuances of property assessments, Ownwell can help homeowners potentially reduce their tax liabilities, ensuring they do not pay more than their fair share.

Property Tax Bills Across Midway, Madison County, Texas

Source: Ownwell

$961

$1,167

$1,373

Median Midway Tax Bill

$961

Median Madison County Tax Bill

$1,166

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Midway, Madison County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
75852	$156	$338	$961	$2,169	$4,024

Source: Ownwell