Midland County Property Taxes
The median property tax rate in Midland County is 1.15%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $239,530 in Midland County, the typical annual property tax bill is $2,479, slightly below the national median of $2,690. Property taxes in Midland 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 Midland 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 Midland or another part of Midland County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Midland County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$2,755
$2,556
Ownwell’s Midland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Midland with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Midland to estimate your property tax bill. This insight helps you understand potential tax liabilities. For more localized information, scroll down to explore trends at the city level. Your property’s assessed value, determined by your county, is used for property tax calculations and considers any exemptions you might have.
Property Tax Rates Across Midland County, Texas
Property taxes in Midland County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Midland County is 1.15%, which is higher than both the Texas state median of 1.08% and the U.S. national median of 0.99%. Local government entities within Midland County set these rates annually, and they can vary significantly between different areas within the county. Each year, Midland 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 Midland County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Stanton has one of the higher property tax rates in Texas at 1.24%, while the city of Midkiff boasts one of the lowest at 0.58%. Analyzing how Midland County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Midland County Tax Rate
1.15%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Midland County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Gardendale | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% |
| Midkiff | 0.13% | 0.30% | 0.58% | 0.87% | 1.04% |
| Midland | 0.51% | 0.87% | 1.15% | 1.50% | 1.50% |
| Odessa | 0.41% | 0.76% | 0.90% | 1.15% | 1.15% |
| Stanton | 0.23% | 0.68% | 1.24% | 1.24% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Midland County, Texas
In Midland County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Midland 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 Midland 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. For instance, the median home price in Midland County is $239,530, with tax bills ranging significantly. The highest median tax bill is in Odessa at $2,672, while the lowest is in Midkiff at $113. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Midland County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Midland County Assessed Value
$239,530
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Midland County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Gardendale | $46,010 | $54,380 | $122,435 | $230,920 | $312,064 |
| Midkiff | $11,784 | $13,080 | $15,240 | $17,400 | $18,696 |
| Midland | $41,840 | $118,080 | $237,990 | $348,475 | $503,670 |
| Odessa | $26,905 | $123,310 | $332,000 | $439,892 | $597,120 |
| Stanton | $24,616 | $50,860 | $148,350 | $295,770 | $560,076 |
Source: Ownwell
Property Tax Bills Across Midland County, Texas
In Midland 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, which evaluates the market value of the property. Homeowners then pay a percentage of this assessed value as their property tax. Several factors influence the final tax bill, including the median home price, which stands at $239,530. Tax bills can vary significantly within the county, ranging from $1,005 at the 25th percentile to $5,968 at the 90th percentile. The highest median tax bill in the county is $2,672 in Odessa, while the lowest is $113 in Midkiff. Compared to the national median property tax rate of 0.99%, Midland County's rates can have a considerable impact on homeowners. Higher property taxes can increase the overall cost of owning a home, making it crucial for homeowners to stay informed about their property’s assessed value and any potential exemptions they may qualify for.
Average Midland County Tax Bill
$2,479
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Midland County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Gardendale | $528 | $624 | $1,406 | $2,651 | $3,582 |
| Midkiff | $24 | $58 | $113 | $169 | $202 |
| Midland | $347 | $1,015 | $2,483 | $4,138 | $5,992 |
| Odessa | $298 | $1,119 | $2,672 | $3,860 | $5,371 |
| Stanton | $173 | $459 | $1,038 | $2,937 | $5,522 |
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 | |
|---|---|
| Midland Appraisal District | |
| Website | iswdataclient.azurewebsites.net |