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Mc Gregor, Mclennan County, Texas Property Taxes

  • Median MC GREGOR, TX effective property tax rate: 1.83%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median MC GREGOR, TX home value: $318,930

  • Median annual MC GREGOR, TX tax bill: $5,635, $3,235 higher than the national median property tax bill of $2,400.

How are property taxes in McLennan calculated?

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

Last Updated March 1, 2025

Mc Gregor, Mclennan County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.83%

Estimate Property Tax Bill

$5,836

$5,416

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Property Tax Rates Across Mc Gregor, Mclennan County, Texas

Local government entities set tax rates, which can vary widely within a state. 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. In McGregor, located in McLennan County, Texas, the effective property tax rate is 1.83%, aligning with the county's highest and lowest rates. This rate is significantly higher than the national median property tax rate of 1.02%. Property owners in McGregor pay a property tax bill that is above the national median of $2,400. This comparison highlights the importance of understanding local tax rates and their impact on property owners.

Property Tax Rates Across Mc Gregor, 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 Mc Gregor Tax Rate

1.83%

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 Mc Gregor, Mclennan County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
766571.32%1.57%1.83%2.01%2.12%

Source: Ownwell

Property Tax Assessment Values Across Mc Gregor, Mclennan County, Texas

When examining property taxes in MC GREGOR, 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 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 MC GREGOR. For example, the median home price in MC GREGOR is $318,930, with tax bills ranging significantly across the county. 76657 has the highest median home price at $318,930.

Property Tax Assessment Values Across Mc Gregor, Mclennan County, Texas

Source: Ownwell

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$50,580

$215,113

$379,645

Median Mc Gregor Market Value

$318,930

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 Mc Gregor, Mclennan County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76657$222,300$267,385$318,930$419,835$571,175

Source: Ownwell

Property Tax Bills Across Mc Gregor, Mclennan County, Texas

In McGregor, located in McLennan County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. This assessed value is then multiplied by the local tax rate to establish the annual tax bill. Factors such as the property's location, size, and market conditions play a crucial role in determining its assessed value. With a median home price of $318,930, the tax bills in McGregor range significantly. Homeowners at the 25th percentile face tax bills of approximately $4,615, while those at the 75th percentile see bills around $7,726. The most substantial bills, at the 90th percentile, can reach up to $10,759. These figures are notably higher than the national median property tax bill of $2,400. Ownwell assists homeowners in McGregor by identifying possible inaccuracies in assessments and exploring exemptions, potentially reducing their property tax burden. By leveraging expert knowledge, Ownwell helps ensure homeowners pay only what is fair, offering peace of mind and financial relief.

Property Tax Bills Across Mc Gregor, Mclennan County, Texas

Source: Ownwell

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$762

$3,353

$5,944

Median Mc Gregor Tax Bill

$5,635

Median Mclennan County Tax Bill

$3,809

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Mc Gregor, Mclennan County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76657$2,946$4,615$5,635$7,726$10,759

Source: Ownwell

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