London, Menard County, Texas Property Taxes

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

Median London, TX effective property tax rate: 2.01%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median London, TX home value: $111,410
Median annual London, TX tax bill: $997, $1,403 lower than the national median property tax bill of $2,400.

How are property taxes in Menard County calculated?

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

Last Updated March 1, 2025

London, Menard County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.01%

Estimate Property Tax Bill

$2,239

$2,078

Ownwell’s London Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in London with just two data points. By entering your property's estimated assessed value, our calculator applies London’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 London, Menard County, Texas

Local government entities determine property tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget needed to provide services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although the process involves votes and laws to set tax rates and budgets, this is the basic annual procedure.

In London, located in Menard County, Texas, the effective property tax rate is a crucial factor for property owners to consider. Comparing this rate to other cities in Texas, as well as the median property tax rates in Texas and the United States, can provide valuable insights. With Texas having a median property tax rate of 2.01%, it stands considerably above the national median of 1.02%. Understanding these rates can help property owners in London make informed decisions regarding their property investments and financial planning. By staying informed about local property tax rates and how they compare nationally, property owners can better navigate the complexities of property taxation and optimize their financial strategies.

Property Tax Rates Across London, 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 London Tax Rate

2.01%

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 London, Menard County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
76854	0.56%	1.77%	2.01%	2.41%	2.41%

Source: Ownwell

Property Tax Assessment Values Across London, Menard County, Texas

When examining property taxes in London, 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.

In Menard County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 London. For example, the median home price in London is $111,410, with tax bills ranging significantly across the county. Zip code 76854 has the highest median home price at $111,410.

Property Tax Assessment Values Across London, Menard County, Texas

Source: Ownwell

$54,140

$82,775

$111,410

Median London Market Value

$111,410

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 London, Menard County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
76854	$20,470	$44,660	$111,410	$215,310	$251,950

Source: Ownwell

Property Tax Bills Across London, Menard County, Texas

In London, Menard County, Texas, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The median home price in this area is $111,410, and the property tax rate is applied to this assessed value to calculate the tax bill. Factors influencing the tax bill include the home's market value, any applicable exemptions, and the local tax rate. Homeowners may find their tax bills range significantly, with the 25th percentile at $528 and the 75th percentile reaching $2,743. This variability can impact household budgets, especially when compared to the national median property tax bill of $2,400. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing the property's assessed value and comparing it to market data, Ownwell can challenge over-assessments, potentially lowering tax bills and providing financial relief to homeowners in Menard County.

Property Tax Bills Across London, Menard County, Texas

Source: Ownwell

$997

$1,420

$1,843

Median London Tax Bill

$997

Median Menard County Tax Bill

$1,348

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across London, Menard County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
76854	$403	$528	$997	$2,743	$5,510

Source: Ownwell