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Eddy, Mclennan County, Texas Property Taxes

  • Median EDDY, TX effective property tax rate: 1.38%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median EDDY, TX home value: $147,390

  • Median annual EDDY, TX tax bill: $1,892, $508 lower than the national median property tax bill of $2,400.

How are property taxes in McLennan calculated?

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

Last Updated March 1, 2025

Eddy, Mclennan County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.38%

Estimate Property Tax Bill

$2,034

$1,887

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s EDDY Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in EDDY with just two data points. By entering your property's estimated assessed value, our calculator applies EDDY’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 more 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 48309. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Eddy, Mclennan County, Texas

Local government entities are responsible for setting property tax rates, which can vary significantly within Texas. Annually, each county determines its budgetary needs to fund essential services and divides this by the total assessed value of all taxable properties within its boundaries. This process results in the determination of the property tax rate. Though the setting of tax rates and budgets involves votes and regulations, this is the core of the annual procedure.

In Eddy, located in McLennan County, property owners experience an effective property tax rate that reflects these local calculations. This rate can be compared to those in other Texas cities and the national median. With a state median property tax rate of 1.38%, Texas stands above the national median of 1.02%. Property owners in Eddy contribute to local services and infrastructure through these taxes, which are vital for community development. Understanding how these rates are determined can empower property owners to engage in local fiscal discussions and advocate for fair assessments.

Property Tax Rates Across Eddy, Mclennan County, Texas

Source: Ownwell

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1.20%

1.73%

2.26%

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 Eddy Tax Rate

1.38%

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 Mclennan County Tax Rate

1.79%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Eddy, Mclennan County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
765240.98%1.15%1.38%1.60%1.87%

Source: Ownwell

Property Tax Assessment Values Across Eddy, Mclennan County, Texas

When examining property taxes in EDDY, 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 McLennan 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. Assessment notices: In McLennan County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 EDDY. For example, the median home price in EDDY is $147,390, with tax bills ranging significantly across the county. 76524 has the highest median home price at $147,390.

Property Tax Assessment Values Across Eddy, Mclennan County, Texas

Source: Ownwell

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$50,580

$215,113

$379,645

Median Eddy Market Value

$147,390

Median Mclennan County Market Value

$228,020

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Eddy, Mclennan County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76524$21,094$57,005$147,390$257,225$394,030

Source: Ownwell

Property Tax Bills Across Eddy, Mclennan County, Texas

In Eddy, located in McLennan County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Eddy experience a range of tax bills, with the 25th percentile at $710 and the 75th percentile reaching $3,613. The 90th percentile can even see bills as high as $4,943. With the national median property tax bill at $2,400, Eddy's property tax bills can be significantly higher, impacting homeowners' financial planning. Ownwell provides a solution by offering property tax appeal services that can potentially lower these bills. By analyzing property values and market trends, Ownwell identifies opportunities for tax savings and guides homeowners through the appeal process. This service can be especially beneficial for those in higher tax brackets, ensuring they only pay their fair share and helping them achieve substantial savings on their property tax bills.

Property Tax Bills Across Eddy, Mclennan County, Texas

Source: Ownwell

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$762

$3,353

$5,944

Median Eddy Tax Bill

$1,892

Median Mclennan County Tax Bill

$3,809

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Eddy, Mclennan County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76524$299$710$1,892$3,613$4,943

Source: Ownwell

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