Mcmullen County, Texas Property Taxes
The median property tax rate in McMullen County is 1.12%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in McMullen County, the typical annual property tax bill reaches $465, which is considerably lower than the national median of $2,690. Property taxes in McMullen County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding McMullen County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Tilden or another part of McMullen County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mcmullen County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$502
$465
Ownwell’s McMullen County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McMullen County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in McMullen County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Mcmullen County, Texas
Property taxes in McMullen County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in McMullen County is 1.12%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within McMullen County set these rates annually, and they can vary significantly between different areas within the county. Each year, McMullen County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares McMullen County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Calliham has one of the higher property tax rates in Texas at 1.59%, while the city of Fowlerton boasts one of the lowest at 0.49%. Analyzing how McMullen County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Mcmullen County Tax Rate
1.12%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Mcmullen County, Texas
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in McMullen County. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the McMullen County Appraisal District. The assessed value, however, 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 McMullen County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, Whitsett has the highest median tax bill at $1,669, while Fowlerton has the lowest at $178. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in McMullen County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Mcmullen County Assessed Value
$44,782
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Bills Across Mcmullen County, Texas
In McMullen County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this county is $44,782, and the tax rate is applied to this assessed value to determine the tax bill. Various factors influence the final amount, including property location, improvements, and exemptions. For example, homeowners in Whitsett face the highest median tax bill at $1,669, while those in Fowlerton experience the lowest at $178. The tax bill can vary significantly, with the 25th percentile at $191 and the 75th percentile at $929, demonstrating a wide range of potential costs. At the 90th percentile, homeowners might pay as much as $1,890. These variations impact homeowners differently, influencing their financial planning and overall cost of living. Compared to the national median property tax rate of 0.99%, McMullen County offers a relatively lower tax burden, making it an appealing option for property owners.
Average Mcmullen County Tax Bill
$465
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690