Thrall, Milam County, Texas Property Taxes
- Median Thrall, TX effective property tax rate: 1.50%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
- Median Thrall, TX home value: $199,370
- Median annual Thrall, TX tax bill: $2,921, $521 higher than the national median property tax bill of $2,400.
How are property taxes in Milam County calculated?
Property taxes in Thrall, 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 Thrall’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Thrall, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Thrall, Milam County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.5%
Estimate Property Tax Bill
$2,991
$2,775
Property Tax Rates Across Thrall, Milam County, Texas
Local government entities are responsible for setting property tax rates, leading to significant variations within a state. This is because each county annually estimates the budget necessary to provide essential services and divides this by the total assessed value of all taxable properties in the area. This calculation determines the property tax rate. Although setting these rates and budgets involves votes and laws, this is the core of the annual process.
In Thrall, located in Milam County, Texas, the effective property tax rate stands out when compared to other cities in Texas. Thrall's rate matches the highest and lowest median tax rates within its zip code, 76578, which is higher than the national median property tax rate of 1.02%. The median property tax rate in Texas also exceeds the national average, making it crucial for property owners to be informed and proactive in managing their property tax liabilities. Understanding these rates is essential for property owners aiming to optimize their tax expenses and ensure they are not overpaying.
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 Thrall Tax Rate
1.50%
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 Thrall, Milam County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76578 | 0.49% | 1.03% | 1.50% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Thrall, Milam County, Texas
When examining property taxes in Thrall, 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.
Assessment notices: In Milam County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Thrall. For example, the median home price in Thrall is $199,370, with tax bills ranging significantly across the county. 76578 has the highest median home price at $199,370.
Property Tax Assessment Values Across Thrall, Milam County, Texas
Source: Ownwell
$84,220
$321,295
$558,370
Median Thrall Market Value
$199,370
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 Thrall, Milam County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76578 | $39,430 | $102,985 | $199,370 | $257,290 | $648,538 |
Source: Ownwell
Property Tax Bills Across Thrall, Milam County, Texas
Median Thrall Tax Bill
$2,921
Median Milam County Tax Bill
$1,812
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Thrall, Milam County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76578 | $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 |