Caldwell, Milam County, Texas Property Taxes
Median Caldwell, TX effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%. Median Caldwell, TX home value: $323,920. Median annual Caldwell, TX tax bill: $1,502, $898 lower than the national median property tax bill of $2,400.
How are property taxes in Milam County calculated?
Property taxes in Caldwell, 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 Caldwell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Caldwell, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Caldwell, Milam County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$2,980
$2,765
Property Tax Rates Across Caldwell, Milam County, Texas
Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Caldwell’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.
Caldwell, located in Burleson County, Texas, offers a distinctive property tax landscape. In Caldwell, the effective property tax rate is lower than the national median of 1.02%. This makes Caldwell an attractive option for property owners seeking to minimize their tax burden. The median property tax rate in Texas is also below the national median, reflecting the state's reputation for relatively low property taxes. This favorable tax environment can be an appealing factor for prospective homeowners and investors looking to settle or invest in Texas.
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 Caldwell Tax Rate
0.92%
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 Milam County Tax Rate
1.45%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Caldwell, Milam County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77836 | 0.14% | 0.43% | 0.92% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Caldwell, Milam County, Texas
When examining property taxes in Caldwell, 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 Milam 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 Milam 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 Caldwell. For example, the median home price in Caldwell is $323,920, with tax bills ranging significantly across the county. Zip code 77836 has the highest median home price at $323,920.
Property Tax Assessment Values Across Caldwell, Milam County, Texas
Source: Ownwell
$84,220
$321,295
$558,370
Median Caldwell Market Value
$323,920
Median Milam County Market Value
$146,970
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Caldwell, Milam County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77836 | $76,522 | $111,000 | $323,920 | $634,610 | $907,414 |
Source: Ownwell
Property Tax Bills Across Caldwell, Milam County, Texas
In Caldwell, located in Milam County, TX, property tax bills are determined by assessing the market value of a home and applying the applicable tax rate. The median home price in Caldwell is $323,920, and the property tax rate in Texas is typically higher than the national median of 1.02%. Homeowners in Caldwell face tax bills that vary significantly, with the 25th percentile at $806 and the 75th percentile reaching $3,118. At the 90th percentile, tax bills can soar to $4,901, reflecting the impact of higher property values or tax rates. This can place a substantial financial burden on homeowners, especially when compared to the national median property tax bill of $2,400.
Ownwell assists homeowners in Caldwell by offering property tax appeal and exemption services. By reviewing assessed values and identifying discrepancies, Ownwell helps homeowners potentially lower their tax bills. This service can be particularly beneficial in a region where tax bills can significantly exceed the national median, providing welcome relief to homeowners facing high property tax obligations.
Median Caldwell Tax Bill
$1,502
Median Milam County Tax Bill
$1,812
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Caldwell, Milam County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77836 | $601 | $806 | $1,502 | $3,118 | $4,901 |
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 |