Midfield, Texas Property Taxes
The median property tax rate in Midfield, TX is 1.04%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Midfield at $56,840, the typical annual property tax bill is $397, well below the national median of $2,690. Property taxes in Midfield are based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Midfield'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 Midfield or elsewhere in the area, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Midfield, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$591
$549
Ownwell’s Midfield Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Midfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Midfield 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 Midfield, Texas
Property taxes in Midfield, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Midfield is 1.04%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Midfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Midfield 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 Midfield's effective property tax rate to other counties in Texas and the national median. For comparison, the 77458 zip code has the highest median property tax rate of 1.04%, while the 77458 zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Midfield provides valuable insights into the varying tax landscape across Matagorda County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Midfield Tax Rate
1.04%
Average Matagorda County Tax Rate
1.53%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Midfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77458 | 0.17% | 0.51% | 1.04% | 1.79% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Midfield, Texas
In Midfield, 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 Matagorda 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 Midfield, 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. Being aware of these valuation processes in Midfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $397 in the 77458 zip code, which is also the lowest.
Average Midfield Assessed Value
$56,840
Average Matagorda County Assessed Value
$130,525
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Midfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77458 | $6,613 | $16,085 | $56,840 | $166,685 | $350,140 |
Source: Ownwell
Property Tax Bills Across Midfield, Texas
In Midfield, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Matagorda County. Homeowners in this region face a variety of tax bills due to differences in property values and applicable exemptions. For instance, the median home price in Midfield is $56,840. Tax bills can vary significantly, with the 25th percentile paying around $145 and the 75th percentile facing bills of approximately $1,335. Those in the 90th percentile could see their tax bills rise to $2,880. Several factors influence the final tax bill, including the home's assessed value, which is often lower than the market value, and any exemptions for which the homeowner may qualify. These figures show a broad range of tax burdens, reflecting the diverse property values in the area. Compared to the national median property tax rate of 0.99%, Midfield’s tax rates and bills can be seen as relatively moderate, making it crucial for homeowners to understand how these elements impact their overall financial planning.
Average Midfield Tax Bill
$397
Average Matagorda County Tax Bill
$1,664
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Midfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77458 | $73 | $145 | $397 | $1,335 | $2,880 |
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 | |
|---|---|
| Matagorda Appraisal District | |
| Website | propaccess.trueautomation.com |