Menard County, Texas Property Taxes
The median property tax rate in Menard County is 2.69%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Menard County, the typical annual property tax bill reaches $1,348, which is below the national median of $2,690. Property taxes in Menard 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 Menard 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 Menard or another part of Menard County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Menard County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.69%
Estimate Property Tax Bill
$1,545
$1,434
Ownwell’s Menard County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Menard County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Menard 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’s 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 Menard County, Texas
Property taxes in Menard County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Menard County is 2.69%, 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 Menard County set these rates annually, and they can vary significantly between different areas within the county. Each year, Menard 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 Menard County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Menard has one of the higher property tax rates in Texas at 2.69%, while the city of London boasts one of the lowest at 2.01%. Analyzing how Menard County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Menard County Tax Rate
2.69%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Menard County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Eden | N/A | N/A | N/A | N/A | N/A |
| Fort Mc Kavett | 0.39% | 0.89% | 2.16% | 2.16% | 2.16% |
| Hext | 1.33% | 2.13% | 2.13% | 2.16% | 2.16% |
| London | 0.56% | 1.77% | 2.01% | 2.41% | 2.41% |
| Menard | 1.85% | 2.16% | 2.69% | 2.69% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Menard County, Texas
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Menard County, Texas. 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 Menard 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 Menard 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. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Fort McKavett has the highest median tax bill at $1,843, while London has the lowest at $997. Being aware of these valuation processes in Menard County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Menard County Assessed Value
$57,440
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Menard County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Eden | N/A | N/A | N/A | N/A | N/A |
| Fort Mc Kavett | $46,424 | $66,175 | $97,490 | $185,515 | $310,306 |
| Hext | $25,776 | $36,980 | $54,140 | $125,380 | $202,552 |
| London | $20,470 | $44,660 | $111,410 | $215,310 | $251,950 |
| Menard | $12,216 | $30,290 | $56,600 | $101,970 | $176,172 |
Source: Ownwell
Property Tax Bills Across Menard County, Texas
In Menard County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. This value is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $57,440, homeowners can expect varying tax bills. The 25th percentile tax bill is around $704, while the 75th percentile reaches approximately $2,294. For those in the 90th percentile, the tax bill can soar to $3,728. Comparatively, Menard County's tax rates can result in significant differences depending on the city. Fort McKavett has the highest median tax bill at $1,843, whereas London has the lowest at $997. These factors combined mean that property taxes can have a substantial impact on homeowners, influencing both affordability and long-term financial planning.
Average Menard County Tax Bill
$1,348
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Menard County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Eden | N/A | N/A | N/A | N/A | N/A |
| Fort Mc Kavett | $482 | $878 | $1,843 | $2,191 | $3,300 |
| Hext | $414 | $663 | $998 | $1,735 | $3,567 |
| London | $403 | $528 | $997 | $2,743 | $5,510 |
| Menard | $304 | $709 | $1,358 | $2,297 | $3,714 |
Source: Ownwell