West, Texas Property Taxes
The median property tax rate in West, TX is 1.54%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in West at $220,000, the typical annual property tax bill reaches $3,241, surpassing the national median of $2,690. Property taxes in West are calculated based on the assessed value, which typically falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding West'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 West 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
West, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$3,388
$3,144
$1,148
Average Tax Savings
Ownwell’s WEST Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST 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 WEST. 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 West, Texas
Property taxes in WEST, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in WEST is 1.54%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within WEST set these rates annually, and they can vary significantly across different neighborhoods. Each year, WEST 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 WEST's effective property tax rate to other counties in Texas and the national median. For comparison, the 76691 zip code has the highest median property tax rate of 1.54%, while the 76691 zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with WEST provides valuable insights into the varying tax landscape across McLennan, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average West Tax Rate
1.54%
Average Mclennan County Tax Rate
1.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across West, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76691 | 0.98% | 1.21% | 1.54% | 1.90% | 2.18% |
Source: Ownwell
$1,148
Average West Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across West, Texas
In WEST, 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 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, WEST has a median home price of $220,000, with tax bills ranging from $1,931 at the 25th percentile to $6,862 at the 90th percentile. The zip code 76691 has both the highest and lowest median tax bill at $3,241. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average West Assessed Value
$220,000
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 West, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76691 | $64,615 | $121,245 | $220,000 | $341,292 | $508,468 |
Source: Ownwell
$1,148
Average West Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across West, Texas
In the city of West, located in McLennan County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $220,000, homeowners can expect varying tax bills. The 25th percentile tax bill stands at $1,931, while the 75th percentile reaches $4,861, and the 90th percentile soars to $6,862. These figures highlight the significant impact of property taxes on household budgets. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. Factors such as property improvements, market conditions, and local tax policies influence the assessed value. Compared to the national median property tax rate of 0.99%, the tax rates in West can lead to higher financial burdens for homeowners. Ownwell can help homeowners in West save on their property tax bills by offering expert property tax appeal and exemption services. By meticulously reviewing assessments and identifying discrepancies, Ownwell ensures homeowners pay only their fair share, potentially saving them thousands of dollars annually.
Average West Tax Bill
$3,241
Average Mclennan County Tax Bill
$3,809
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across West, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76691 | $853 | $1,931 | $3,241 | $4,861 | $6,862 |
Source: Ownwell
$1,148
Average West 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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