Yancey, Medina County, Texas Property Taxes
Median Yancey, TX effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Yancey, TX home value: $100,980
Median annual Yancey, TX tax bill: $1,070, $1,330 lower than the national median property tax bill of $2,400.
How are property taxes in Medina calculated?
Property taxes in Yancey, 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 Yancey’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Yancey, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Yancey, Medina County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.27%
Estimate Property Tax Bill
$1,282
$1,190
Property Tax Rates Across Yancey, Medina County, Texas
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget required to provide essential services and divides it by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Yancey, located in Medina County, Texas, the effective property tax rate can be compared to other cities within the state and the median property tax rates in Texas and the U.S. Texas has a median property tax rate of 1.27%, which is higher than the national median of 1.02%. For a homeowner in Texas, this means that the property tax bill might be higher than the national median bill of $2400. Understanding how your local rates compare can help you make informed decisions about property ownership and potential tax appeals.
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 Yancey Tax Rate
1.27%
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 Medina County Tax Rate
1.52%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Yancey, Medina County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78886 | 0.43% | 0.65% | 1.27% | 1.86% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Yancey, Medina County, Texas
When examining property taxes in Yancey, 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 Medina 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 Medina 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 Yancey.
For example, the median home price in Yancey is $100,980, with tax bills ranging significantly across the county. Zip code 78886 has the highest median home price at $100,980.
Property Tax Assessment Values Across Yancey, Medina County, Texas
Source: Ownwell
$72,860
$229,268
$385,675
Median Yancey Market Value
$100,980
Median Medina County Market Value
$140,520
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Yancey, Medina County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78886 | $21,056 | $59,990 | $100,980 | $171,660 | $309,556 |
Source: Ownwell
Property Tax Bills Across Yancey, Medina County, Texas
Median Yancey Tax Bill
$1,070
Median Medina County Tax Bill
$1,930
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Yancey, Medina County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78886 | $183 | $374 | $1,070 | $2,414 | $3,683 |
Source: 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 | |
|---|---|
| Medina Appraisal District | |
| Website | esearch.medinacad.org |