Midland, Martin County, Texas Property Taxes

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

Median Midland, TX effective property tax rate: 0.22%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%. Median Midland, TX home value: $109,670. Median annual Midland, TX tax bill: $275, $2,125 lower than the national median property tax bill of $2,400. How are property taxes in Martin County calculated? Property taxes in Midland, 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 Midland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Midland, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Midland, Martin County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.22%

Estimate Property Tax Bill

$241

$224

Ownwell’s Midland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Midland with just two data points. By entering your property's estimated assessed value, our calculator applies Midland’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 Martin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Midland, Martin County, Texas

Local government entities are responsible for setting tax rates, and these rates can differ significantly within a state. This variation occurs because each county annually calculates its required budget to provide essential services, which is then divided by the total assessed value of all taxable property within its area. This process determines the property tax rate. While setting tax rates and budgets involves votes and laws, this is the basic annual procedure.

In Midland, Texas, located in Martin County, the effective property tax rate is 0.22%. This rate is significantly lower than the national median property tax rate of 1.02%. This means that property owners in Midland enjoy one of the lowest property tax rates in the state. The median property tax bill in this region is also well below the national median of $2,400. This favorable tax environment can be a significant draw for potential homeowners and investors looking to reduce their property tax burdens. Comparing Midland's effective tax rate to other cities in Texas and the national average highlights the advantages of owning property in this area.

Property Tax Rates Across Midland, Martin County, Texas

Source: Ownwell

0.22%

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 Midland Tax Rate

0.22%

Median Effective Martin County Tax Rate

0.22%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Midland, Martin County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79705	0.19%	0.22%	0.22%	0.28%	0.28%

Source: Ownwell

Property Tax Assessment Values Across Midland, Martin County, Texas

When examining property taxes in Midland, 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 Martin 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 Martin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Midland.

For example, the median home price in Midland is $109,670, with tax bills ranging significantly across the county. ZIP code 79705 has the highest median home price at $108,165.

Property Tax Assessment Values Across Midland, Martin County, Texas

Source: Ownwell

$58,940

$91,260

$123,580

Median Midland Market Value

$109,670

Median Martin County Market Value

$66,090

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Midland, Martin County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79705	$35,697	$66,900	$108,165	$306,185	$500,799

Source: Ownwell

Property Tax Bills Across Midland, Martin County, Texas

In Midland, located in Martin County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. This assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as the property's location, size, and market conditions can influence the assessed value. In Midland, the median home price is $109,670, resulting in a range of tax bills. For instance, homeowners in the 25th percentile pay approximately $167, while those in the 75th percentile face bills around $635. The 90th percentile tax bill can reach up to $1,108. These figures are significantly lower than the national median property tax bill of $2,400. Homeowners in Midland can benefit from Ownwell's expertise in appealing property tax assessments and securing exemptions, potentially reducing their tax burden. By leveraging local knowledge and experience, Ownwell helps homeowners navigate the complexities of property tax calculations, ensuring they pay only their fair share.

Property Tax Bills Across Midland, Martin County, Texas

Source: Ownwell

$141

$221

$300

Median Midland Tax Bill

$275

Median Martin County Tax Bill

$154

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Midland, Martin County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79705	$94	$165	$271	$638	$1,111

Source: Ownwell