Milam County Property Taxes
The median property tax rate in Milam County is 1.45%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Milam County at $146,970, the typical annual property tax bill is $1,812, which is below the national median of $2,690. Property taxes in Milam 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 Milam 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 Cameron or another part of Milam County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Milam County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$2,131
$1,978
Ownwell’s Milam County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Milam County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Milam 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 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 Milam County, Texas
Property taxes in Milam County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Milam County is 1.45%, which is higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Milam County set these rates annually, and they can vary significantly between different areas within the county. Each year, Milam 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 Milam County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Rockdale has one of the higher property tax rates in Texas at 1.73%, while the city of Lexington boasts one of the lowest at 0.53%. Analyzing how Milam County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Milam County Tax Rate
1.45%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Milam County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bartlett | 0.73% | 1.18% | 1.63% | 1.81% | 1.81% |
| Buckholts | 0.30% | 0.65% | 1.16% | 1.63% | 1.66% |
| Burlington | 0.31% | 0.76% | 1.24% | 1.63% | 1.70% |
| Caldwell | 0.14% | 0.43% | 0.92% | 1.35% | 1.35% |
| Cameron | 0.41% | 0.91% | 1.63% | 2.29% | 2.29% |
| Davilla | 0.23% | 0.50% | 1.02% | 1.81% | 1.81% |
| Gause | 0.29% | 0.65% | 1.04% | 1.35% | 1.35% |
| Holland | 0.50% | 0.62% | 1.14% | 1.46% | 1.60% |
| Lexington | 0.15% | 0.44% | 0.53% | 0.90% | 1.36% |
| Milano | 0.28% | 0.70% | 1.18% | 1.65% | 1.90% |
| Rockdale | 0.65% | 1.12% | 1.73% | 2.57% | 2.57% |
| Rogers | 0.32% | 0.58% | 0.98% | 1.38% | 1.62% |
| Rosebud | 0.12% | 0.40% | 0.87% | 1.42% | 1.70% |
| Thorndale | 0.34% | 0.74% | 1.25% | 1.91% | 1.91% |
| Thrall | 0.49% | 1.03% | 1.50% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Milam County, Texas
In Milam 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 Milam 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 Milam 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. In Milam County, the city with the highest median tax bill is Holland at $3,473, while Davilla has the lowest at $677. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Milam County Assessed Value
$146,970
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Milam County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bartlett | $23,600 | $65,940 | $137,490 | $239,030 | $366,150 |
| Buckholts | $17,980 | $63,002 | $146,790 | $366,980 | $670,511 |
| Burlington | $9,824 | $45,600 | $84,220 | $198,120 | $784,180 |
| Caldwell | $76,522 | $111,000 | $323,920 | $634,610 | $907,414 |
| Cameron | $26,100 | $63,745 | $127,620 | $267,070 | $527,286 |
| Davilla | $27,496 | $56,698 | $104,310 | $263,002 | $612,414 |
| Gause | $17,519 | $57,798 | $150,750 | $454,665 | $861,975 |
| Holland | $47,201 | $207,825 | $350,385 | $516,638 | $731,197 |
| Lexington | $193,030 | $353,310 | $558,370 | $839,500 | $1,138,790 |
| Milano | $17,275 | $55,625 | $149,885 | $353,838 | $603,965 |
| Rockdale | $21,864 | $69,000 | $152,300 | $274,460 | $465,616 |
| Rogers | $58,464 | $113,270 | $274,250 | $505,220 | $755,114 |
| Rosebud | $21,420 | $76,750 | $195,560 | $425,840 | $921,406 |
| Thorndale | $38,836 | $81,060 | $204,980 | $417,510 | $772,016 |
| Thrall | $39,430 | $102,985 | $199,370 | $257,290 | $648,538 |
Source: Ownwell
Property Tax Bills Across Milam County, Texas
In Milam County, TX, property tax bills are calculated based on the assessed value of your home, which is determined by the local appraisal district. The assessed value is then multiplied by the county's property tax rate to determine the tax bill. Milam County homeowners see a range of tax bills, with the 25th percentile at $815 and the 75th percentile reaching $3,533. For those in the 90th percentile, tax bills can climb to $5,417. Factors affecting the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. For comparison, the national median property tax rate is 0.99%, making Milam County's tax bills relatively high, especially in areas like Holland, where the median tax bill is $3,473. Conversely, Davilla residents enjoy the lowest median tax bill at $677. These variations significantly impact homeowners, influencing decisions on buying, selling, and maintaining properties in the county.
Average Milam County Tax Bill
$1,812
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Milam County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bartlett | $309 | $766 | $1,887 | $2,884 | $4,264 |
| Buckholts | $217 | $600 | $1,386 | $2,885 | $4,468 |
| Burlington | $156 | $443 | $1,009 | $2,059 | $3,602 |
| Caldwell | $601 | $806 | $1,502 | $3,118 | $4,901 |
| Cameron | $301 | $874 | $1,697 | $3,068 | $4,621 |
| Davilla | $201 | $420 | $677 | $2,120 | $4,003 |
| Gause | $199 | $566 | $1,259 | $3,038 | $5,457 |
| Holland | $755 | $1,320 | $3,473 | $5,332 | $7,081 |
| Lexington | $792 | $1,881 | $3,283 | $4,807 | $5,459 |
| Milano | $228 | $560 | $1,360 | $2,716 | $4,713 |
| Rockdale | $353 | $1,076 | $2,350 | $4,221 | $6,176 |
| Rogers | $472 | $1,096 | $2,165 | $3,543 | $4,799 |
| Rosebud | $245 | $658 | $1,364 | $2,844 | $4,442 |
| Thorndale | $423 | $883 | $1,971 | $3,979 | $5,759 |
| Thrall | $288 | $1,335 | $2,921 | $3,522 | $5,006 |
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 | |
|---|---|
| Milam Appraisal District | |
| Website | esearch.milamad.org |