Fort Mc Kavett, Menard County, Texas Property Taxes

Name: Property Tax Bills Across Fort Mc Kavett, Menard County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Fort Mc Kavett, TX effective property tax rate: 2.16%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%. Median Fort Mc Kavett, TX home value: $97,490. Median annual Fort Mc Kavett, TX tax bill: $1,843, $557 lower than the national median property tax bill of $2,400.

How are property taxes in Menard County calculated?

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

Last Updated March 1, 2025

Fort Mc Kavett, Menard County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.16%

Estimate Property Tax Bill

$2,106

$1,954

Ownwell’s Fort Mc Kavett Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fort Mc Kavett with just two data points. By entering your property's estimated assessed value, our calculator applies Fort Mc Kavett’s 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 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 Menard County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fort Mc Kavett, Menard County, Texas

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services. They then divide this budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play roles in setting these rates and budgets, this is essentially the annual process.

In Fort McKavett, located in Menard County, Texas, the effective property tax rate can be compared to other cities within the state and the national median. Texas, known for its relatively high property tax rates, contrasts with the national median property tax rate of 1.02%. Fort McKavett's rate reflects the state's trend of higher property taxes, which are crucial for funding local services such as schools, infrastructure, and emergency services. Understanding these rates can help property owners anticipate their annual expenses and explore potential savings through property tax appeals or exemptions. By being informed about local tax rates, property owners can make better financial decisions and potentially reduce their tax burden.

Property Tax Rates Across Fort Mc Kavett, Menard County, Texas

Source: Ownwell

2.01%

2.35%

2.69%

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 Fort Mc Kavett Tax Rate

2.16%

Median Effective Menard County Tax Rate

2.69%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fort Mc Kavett, Menard County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
76841	0.39%	0.89%	2.16%	2.16%	2.16%

Source: Ownwell

Property Tax Assessment Values Across Fort Mc Kavett, Menard County, Texas

When examining property taxes in Fort McKavett, 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 Menard 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. Assessment notices: In Menard County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Fort McKavett. For example, the median home price in Fort McKavett is $97,490, with tax bills ranging significantly across the county. Zip code 76841 has the highest median home price at $97,490.

Property Tax Assessment Values Across Fort Mc Kavett, Menard County, Texas

Source: Ownwell

$54,140

$82,775

$111,410

Median Fort Mc Kavett Market Value

$97,490

Median Menard County Market Value

$57,440

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fort Mc Kavett, Menard County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
76841	$46,424	$66,175	$97,490	$185,515	$310,306

Source: Ownwell

Property Tax Bills Across Fort Mc Kavett, Menard County, Texas

In Fort McKavett, located in Menard County, Texas, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The local tax rate is then applied to this assessed value, determining the annual tax bill. Factors such as market trends and property improvements can influence the assessed value, impacting the tax bill. Homeowners in Fort McKavett face a median tax bill of $1,843, which is below the national median of $2,400. However, bills can vary significantly, with the 25th percentile at $878 and the 90th percentile reaching up to $3,300. This variation underlines the importance of ensuring that your property is assessed accurately. Ownwell assists homeowners in Fort McKavett by providing expert property tax appeal services. By analyzing your property's assessed value and comparing it with similar properties, Ownwell identifies discrepancies and helps appeal for a fair assessment. This service can potentially lower your tax bill, offering significant savings.

Property Tax Bills Across Fort Mc Kavett, Menard County, Texas

Source: Ownwell

$997

$1,420

$1,843

Median Fort Mc Kavett Tax Bill

$1,843

Median Menard County Tax Bill

$1,348

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Fort Mc Kavett, Menard County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
76841	$482	$878	$1,843	$2,191	$3,300

Source: Ownwell