Holland, Milam County, Texas Property Taxes
Median Holland, TX effective property tax rate: 1.14%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Holland, TX home value: $350,385
Median annual Holland, TX tax bill: $3,473, $1,073 higher than the national median property tax bill of $2,400.
How are property taxes in Milam County calculated?
Property taxes in Holland, 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 Holland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Holland, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Holland, Milam County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.14%
Estimate Property Tax Bill
$3,994
$3,707
Property Tax Rates Across Holland, Milam County, Texas
Local government entities set property tax rates, which can vary widely within Texas. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Holland, located in Milam County, the effective property tax rate is 1.14%, which aligns with the highest and lowest median tax rates within the state. This rate is slightly above the national median property tax rate of 1.02%. When comparing property tax bills, Holland's rate can lead to higher costs than the national median property tax bill of $2,400, depending on the property's assessed value. Understanding these rates is crucial for homeowners in Holland as it directly impacts their annual financial obligations.
Whether you're a homeowner or considering purchasing property, it’s essential to stay informed about these rates to make sound financial decisions.
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 Holland Tax Rate
1.14%
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 Holland, Milam County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76534 | 0.50% | 0.62% | 1.14% | 1.46% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Holland, Milam County, Texas
When examining property taxes in Holland, Texas, 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.
Assessment notices: 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 Holland.
For example, the median home price in Holland is $350,385, with tax bills ranging significantly across the county. Zip code 76534 has the highest median home price at $350,385.
Property Tax Assessment Values Across Holland, Milam County, Texas
Source: Ownwell
$84,220
$321,295
$558,370
Median Holland Market Value
$350,385
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 Holland, Milam County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76534 | $47,201 | $207,825 | $350,385 | $516,638 | $731,197 |
Source: Ownwell
Property Tax Bills Across Holland, Milam County, Texas
In Holland, located in Milam County, TX, property tax bills are calculated based on the assessed value of a home. This value is determined by the local tax assessor's office and reflects the estimated market value of the property. The property tax rate is then applied to this assessed value to calculate the annual tax bill. In Holland, the median property tax bill is $3,473, which is significantly higher than the national median of $2,400. This can place a substantial financial burden on homeowners, especially those with properties in the higher value brackets, where tax bills can reach up to $7,081.
Factors influencing your property tax bill include changes in the local tax rate, variations in assessed property values, and any applicable exemptions or deductions. At Ownwell, we specialize in helping homeowners reduce their tax bills by identifying potential savings through appeals and exemptions. Our expertise can help ensure that your property is fairly assessed, potentially saving you hundreds or even thousands of dollars annually.
Median Holland Tax Bill
$3,473
Median Milam County Tax Bill
$1,812
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Holland, Milam County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76534 | $755 | $1,320 | $3,473 | $5,332 | $7,081 |
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 |