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Leroy, Mclennan County, Texas Property Taxes

Median Leroy, TX effective property tax rate: 1.65%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%. Median Leroy, TX home value: $139,270. Median annual Leroy, TX tax bill: $2,082, $318 lower than the national median property tax bill of $2,400.

How are property taxes in McLennan calculated?

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

Last Updated March 1, 2025

Leroy, Mclennan County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.65%

Estimate Property Tax Bill

$2,298

$2,132

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Property Tax Rates Across Leroy, Mclennan County, Texas

Local government entities determine tax rates, which can differ significantly within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Though votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

Compare Leroy’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. While the national median property tax rate is 1.02%, Texas stands out with a median rate of 1.65%, which is considerably higher than the national average. This higher rate reflects the state's reliance on property taxes to fund local services, given the absence of a state income tax. Within McLennan County, where Leroy is located, the effective property tax rates are consistent with the state’s median, indicating a uniform approach to funding local services across the region. Understanding these rates can help property owners in Leroy make informed decisions about appealing their property taxes and seeking exemptions, potentially leading to significant savings.

Property Tax Rates Across Leroy, 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 Leroy Tax Rate

1.65%

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 Leroy, Mclennan County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
766541.09%1.32%1.65%1.70%1.77%

Source: Ownwell

Property Tax Assessment Values Across Leroy, Mclennan County, Texas

When examining property taxes in Leroy, 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.

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 Leroy. For example, the median home price in Leroy is $139,270, with tax bills ranging significantly across the county. Zip code 76654 has the highest median home price at $139,270.

Property Tax Assessment Values Across Leroy, Mclennan County, Texas

Source: Ownwell

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$50,580

$215,113

$379,645

Median Leroy Market Value

$139,270

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 Leroy, Mclennan County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76654$16,685$41,028$139,270$238,642$376,750

Source: Ownwell

Property Tax Bills Across Leroy, Mclennan County, Texas

In Leroy, located in McLennan County, TX, property tax bills are determined by the assessed value of your home and the local tax rate. The median home price here is $139,270, and property tax bills can vary significantly, with the 25th percentile at $666 and the 75th percentile reaching $3,414. The highest median tax bill in the area is $2,082, which is notably lower than the national median property tax bill of $2,400. Homeowners in Leroy face tax rates that can impact their financial planning, with tax bills influenced by factors like property value assessments and local tax levies. This can pose a challenge for homeowners looking to manage expenses effectively. Ownwell provides a valuable service by helping homeowners appeal their property tax assessments and secure exemptions where applicable. By leveraging expertise in local tax regulations, Ownwell can assist homeowners in potentially reducing their property tax bills, ensuring they pay only their fair share and alleviating financial burdens.

Property Tax Bills Across Leroy, Mclennan County, Texas

Source: Ownwell

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$762

$3,353

$5,944

Median Leroy Tax Bill

$2,082

Median Mclennan County Tax Bill

$3,809

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Leroy, Mclennan County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76654$268$666$2,082$3,414$4,709

Source: Ownwell

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