Menard, Menard County, Texas Property Taxes
The median property tax rate in Menard, TX is 2.69%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Menard at $56,600, the typical annual property tax bill reaches $1,358, exceeding the national median of $2,690. Property taxes in Menard are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Menard's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Menard or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Menard, Menard County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.69%
Estimate Property Tax Bill
$1,523
$1,413
Ownwell’s MENARD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MENARD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MENARD to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Menard, Menard County, Texas
Property taxes in Menard, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Menard is 2.69%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Menard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Menard estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Menard's effective property tax rate to other counties in Texas and the national median. For comparison, the 76859 zip code has the highest median property tax rate of 2.69%, while the same zip code also has the lowest median tax rate of 2.69%. Understanding how these cities compare with Menard provides valuable insights into the varying tax landscape across Menard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Menard Tax Rate
2.69%
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, Menard County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76859 | 1.85% | 2.16% | 2.69% | 2.69% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Menard, Menard County, Texas
In Menard, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Menard County Appraisal District for tax purposes. In contrast, the assessed value 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. In Menard, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Menard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $1358 in zip code 76859, while the lowest median tax bill is also $1358 in the same zip code.
Property Tax Assessment Values Across Menard, Menard County, Texas
Source: Ownwell
$54,140
$82,775
$111,410
Average Menard Assessed Value
$56,600
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, Menard County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76859 | $12,216 | $30,290 | $56,600 | $101,970 | $176,172 |
Source: Ownwell
Property Tax Bills Across Menard, Menard County, Texas
In Menard, Texas, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the Menard County Appraisal District, which estimates the market value of the property. Homeowners in Menard can expect their tax bills to vary significantly, influenced by the assessed value and the local tax rate. For instance, with a median home price of $56,600, tax bills can range widely. The 25th percentile tax bill is around $709, while the 75th percentile tax bill can reach up to $2,297. At the 90th percentile, homeowners might see tax bills as high as $3,714. These figures highlight the variability in property taxes, which can be a significant financial consideration for homeowners. Menard's property tax rates are relatively high compared to the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners to budget effectively and plan for their annual property tax obligations.
Average Menard Tax Bill
$1,358
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, Menard County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76859 | $304 | $709 | $1,358 | $2,297 | $3,714 |
Source: Ownwell