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Valley Mills, Mclennan County, Texas Property Taxes

  • Median Valley Mills, TX effective property tax rate: 1.20%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Valley Mills, TX home value: $350,000

  • Median annual Valley Mills, TX tax bill: $3,828, $1,428 higher than the national median property tax bill of $2,400.

How are property taxes in McLennan County calculated?

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

Last Updated March 1, 2025

Valley Mills, Mclennan County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.2%

Estimate Property Tax Bill

$4,200

$3,897

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Valley Mills Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Valley Mills with just two data points. By entering your property's estimated assessed value, our calculator applies Valley Mills’ 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 Valley Mills, Mclennan County, Texas

Local government entities are responsible for setting property tax rates, which can vary significantly across Texas. This variation occurs because counties like McLennan determine their required budget annually to maintain essential services and then divide this by the total value of all taxable properties in the area, resulting in the property tax rate. While the process involves votes and legal considerations, this is the fundamental approach to determining annual property taxes.

In Valley Mills, located in McLennan County, the effective property tax rate is a reflection of this process. When compared to other cities in Texas, Valley Mills' rate provides an interesting perspective on how local governance impacts property taxation. It is also insightful to compare Valley Mills' rate to the median property tax rates in Texas and across the United States. With the national median property tax rate at 1.02%, understanding where Valley Mills stands can offer valuable insights for property owners. By examining these variations, property owners can better navigate the complexities of property taxation and make informed decisions about their investments.

Property Tax Rates Across Valley Mills, 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 Valley Mills Tax Rate

1.20%

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 Valley Mills, Mclennan County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
766890.77%0.99%1.20%1.46%1.63%

Source: Ownwell

Property Tax Assessment Values Across Valley Mills, Mclennan County, Texas

When examining property taxes in Valley Mills, 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 Valley Mills. For example, the median home price in Valley Mills is $350,000, with tax bills ranging significantly across the county. Zip code 76689 has the highest median home price at $350,000.

Property Tax Assessment Values Across Valley Mills, Mclennan County, Texas

Source: Ownwell

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$50,580

$215,113

$379,645

Median Valley Mills Market Value

$350,000

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 Valley Mills, Mclennan County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76689$39,920$179,350$350,000$484,095$667,674

Source: Ownwell

Property Tax Bills Across Valley Mills, Mclennan County, Texas

In Valley Mills, 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. The median home price in the area is $350,000, and the property tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Valley Mills can expect to pay around $3,828 in property taxes, which is notably above the national median property tax bill of $2,400. Factors such as the home's location, size, and any local levies can influence the property tax bill. For instance, tax bills can range from $1,692 at the 25th percentile to $7,743 at the 90th percentile. These taxes can significantly impact homeowners' budgets. Ownwell offers property tax appeal and exemption services to help homeowners reduce their tax burdens. By analyzing the assessed value and identifying discrepancies or opportunities for exemptions, Ownwell can assist in lowering property tax bills, potentially saving homeowners hundreds or even thousands of dollars annually.

Property Tax Bills Across Valley Mills, Mclennan County, Texas

Source: Ownwell

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$762

$3,353

$5,944

Median Valley Mills Tax Bill

$3,828

Median Mclennan County Tax Bill

$3,809

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Valley Mills, Mclennan County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76689$487$1,692$3,828$5,693$7,743

Source: Ownwell

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