Moody, Texas Property Taxes
The median property tax rate in Moody, TX is 1.55%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Moody, the typical annual property tax bill amounts to $2,092, falling below the national median of $2,690. Property taxes in Moody are calculated based on the tax assessed value, which often remains below the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Moody's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve significant annual savings. Whether you're residing in Moody or investing in real estate within the city, a thorough grasp of the local property tax system is invaluable.
Last Updated June 14, 2024
Moody, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Moody, Texas Tax Savings
Ownwell’s Moody Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moody with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moody 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 Moody. 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 Moody, Texas
Property taxes in Moody, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moody is 1.55%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Moody set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moody 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 Moody's effective property tax rate to other counties in Texas and the national median. For comparison, the 76557 zip code has the highest median property tax rate of 1.55%, while the same 76557 zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Moody 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 Moody Tax Rate
1.55%
Average Mclennan County Tax Rate
1.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moody, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76557 | 0.90% | 1.18% | 1.55% | 1.99% | 2.23% |
Source: Ownwell
$1,148
Average Moody Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Moody, Texas
In Moody, 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. In Moody, 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. The median home price in Moody is $143,315, with tax bills ranging from $855 at the 25th percentile to $5,849 at the 90th percentile. The highest and lowest median tax bills are both $2,092 in zip code 76557. Being aware of these valuation processes in Moody helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moody Assessed Value
$143,315
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 Moody, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76557 | $19,862 | $68,935 | $143,315 | $270,542 | $435,217 |
Source: Ownwell
$1,148
Average Moody Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Moody, Texas
In Moody, McLennan County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. For instance, with a median home price of $143,315, homeowners can expect tax bills to vary significantly. While the 25th percentile tax bill is around $855, those in the 75th percentile face bills close to $3,815, and the 90th percentile can see amounts as high as $5,849. These figures reflect the variability in assessed values and applicable exemptions. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Moody's rates can result in substantial financial impacts on homeowners, especially those at the higher end of the spectrum. Ownwell can significantly assist homeowners by identifying potential inaccuracies in assessments and securing eligible exemptions. By leveraging expert knowledge and local insights, Ownwell helps ensure that homeowners pay only their fair share, potentially saving them hundreds or even thousands of dollars annually.
Average Moody Tax Bill
$2,092
Average Mclennan County Tax Bill
$3,809
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Moody, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76557 | $309 | $855 | $2,092 | $3,815 | $5,849 |
Source: Ownwell
$1,148
Average Moody 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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