Mount Calm, Texas Property Taxes
The median property tax rate in Mount Calm, TX, is 1.12%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $80,975 in Mount Calm, the typical annual property tax bill is around $939, which is significantly less than the national median of $2,690. Property taxes in Mount Calm are calculated based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Mount Calm'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 Mount Calm 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
Mount Calm, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$907
$842
$1,148
Average Tax Savings
Ownwell’s Mount Calm Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Calm with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Calm 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 Mount Calm. 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 Mount Calm, Texas
Property taxes in Mount Calm, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Calm is 1.12%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Mount Calm set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Calm 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 Mount Calm's effective property tax rate to other counties in Texas and the national median. For comparison, the 76673 zip code has the highest median property tax rate of 1.12%, while the 76673 zip code has the lowest median tax rate of 1.12%. Understanding how these cities compare with Mount Calm 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 Mount Calm Tax Rate
1.12%
Average Mclennan County Tax Rate
1.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Calm, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76673 | 0.60% | 1.04% | 1.12% | 1.34% | 1.57% |
Source: Ownwell
$1,148
Average Mount Calm Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mount Calm, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mount Calm, Texas. 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 Mount Calm, 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. For instance, the highest median tax bill in Mount Calm is $939 in the 76673 zip code, which is significantly lower than the national median property tax rate of 0.99%. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mount Calm Assessed Value
$80,975
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 Mount Calm, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76673 | $46,420 | $77,348 | $80,975 | $198,265 | $276,152 |
Source: Ownwell
$1,148
Average Mount Calm Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mount Calm, Texas
In Mount Calm, located in McLennan County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Mount Calm is $80,975, and the property tax rate is determined by multiplying this assessed value by the local tax rate. For instance, the 25th percentile tax bill is $271, while the 75th percentile reaches $2,462, and the 90th percentile climbs to $3,521. Several factors influence your property tax bill, including property type, exemptions, and local government budgets. Homeowners in Mount Calm face varying tax burdens, which can significantly impact their finances. The highest and lowest median tax bills in the area are both $939, indicating a range of tax liabilities depending on specific circumstances. Ownwell can help homeowners in Mount Calm save on their property tax bills by offering professional property tax appeal and exemption services. By analyzing your property's assessed value and identifying potential discrepancies or overlooked exemptions, Ownwell ensures you pay only what you owe, potentially saving you hundreds or even thousands of dollars annually.
Average Mount Calm Tax Bill
$939
Average Mclennan County Tax Bill
$3,809
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Calm, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76673 | $252 | $271 | $939 | $2,462 | $3,521 |
Source: Ownwell
$1,148
Average Mount Calm 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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