Mcgregor, Texas Property Taxes
The median property tax rate in McGregor, TX is 1.86%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in McGregor at $275,000, the typical annual property tax bill reaches $4,231, exceeding the national median of $2,690. Property taxes in McGregor are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding McGregor'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 McGregor or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mcgregor, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.86%
Estimate Property Tax Bill
$5,115
$4,747
$1,148
Average Tax Savings
Ownwell’s McGregor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McGregor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McGregor to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in McGregor. 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 Mcgregor, Texas
Property taxes in McGregor, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McGregor is 1.86%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within McGregor set these rates annually, and they can vary significantly across different neighborhoods. Each year, McGregor 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 McGregor's effective property tax rate to other counties in Texas and the national median. For comparison, the 76657 zip code has the highest median property tax rate of 1.86%, while the same zip code also has the lowest median tax rate of 1.86%. Understanding how these cities compare with McGregor provides valuable insights into the varying tax landscape across McLennan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mcgregor Tax Rate
1.86%
Average Mclennan County Tax Rate
1.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mcgregor, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76657 | 1.08% | 1.44% | 1.86% | 2.02% | 2.19% |
Source: Ownwell
$1,148
Average Mcgregor Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mcgregor, Texas
In McGregor, 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 McLennan 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. Assessment notices in McGregor 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 McGregor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 76657 has the highest median tax bill at $4,231, which is above the national median property tax rate of 0.99%.
Average Mcgregor Assessed Value
$275,000
Average Mclennan County Assessed Value
$228,020
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mcgregor, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76657 | $111,500 | $159,590 | $275,000 | $467,679 | $749,796 |
Source: Ownwell
$1,148
Average Mcgregor Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mcgregor, Texas
In McGregor, McLennan County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. This assessed value is then multiplied by the local tax rate to determine the final tax bill. For example, with a median home price of $275,000, homeowners can expect varying tax bills. The 25th percentile tax bill is around $2,634, while the 75th percentile reaches $8,524, and the 90th percentile can soar to $13,487. The highest and lowest median tax bills in McGregor are both $4,231, indicating a consistent tax rate within the ZIP code 76657. These property taxes can significantly impact homeowners, especially when the assessed values increase. Ownwell can assist by providing expert property tax appeal and exemption services. By challenging over-assessments and identifying eligible exemptions, Ownwell helps homeowners reduce their tax burdens, ensuring they pay a fair amount. This service can lead to substantial savings, giving homeowners peace of mind and financial relief.
Average Mcgregor Tax Bill
$4,231
Average Mclennan County Tax Bill
$3,809
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mcgregor, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76657 | $1,318 | $2,634 | $4,231 | $8,524 | $13,487 |
Source: Ownwell
$1,148
Average Mcgregor Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Mclennan Appraisal District | |
| Phone | (254) 752-9864 |
| Website | esearch.mclennancad.org |
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