Mullin, Texas Property Taxes
The median property tax rate in Mullin, TX is 1.34%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Mullin at $103,660, the typical annual property tax bill amounts to $1,149, falling below the national median of $2,690. Property taxes in Mullin are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Mullin's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Mullin or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mullin, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Mullin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mullin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mullin to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Mullin, Texas
Property taxes in Mullin, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mullin is 1.34%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Mullin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mullin estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Mullin's effective property tax rate to other counties in Texas and the national median. For comparison, the 76864 zip code has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Mullin provides valuable insights into the varying tax landscape across Mills County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mullin Tax Rate
1.34%
Average Mills County Tax Rate
1.41%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mullin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76864 | 0.87% | 1.24% | 1.34% | 1.38% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Mullin, Texas
In Mullin, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Mills County Appraisal District for tax purposes. In contrast, the assessed value 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. In Mullin, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Mullin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Mullin are both $1,149, found in the 76864 zip code.
Average Mullin Assessed Value
$103,660
Average Mills County Assessed Value
$100,465
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mullin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76864 | $13,073 | $42,690 | $103,660 | $194,542 | $338,935 |
Source: Ownwell
Property Tax Bills Across Mullin, Texas
In Mullin, located in Mills County, TX, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors considered in the calculation include the property's market value, any applicable exemptions, and the specific tax rate set by local taxing authorities. For example, the median home price in Mullin is $103,660. Homeowners in the 25th percentile of tax bills pay around $526 annually, while those in the 75th percentile see bills of approximately $2,168. At the 90th percentile, tax bills can reach up to $3,326. These figures highlight the variability in tax obligations, influenced by property values and local tax rates. Compared to the national median property tax rate of 0.99%, homeowners in Mullin may find their tax bills more manageable, but it's crucial to understand how local assessments and exemptions impact individual obligations. This understanding can help homeowners budget more effectively and potentially seek appeals or exemptions to reduce their tax burden.
Average Mullin Tax Bill
$1,149
Average Mills County Tax Bill
$1,261
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mullin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76864 | $168 | $526 | $1,149 | $2,168 | $3,326 |
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 | |
|---|---|
| Mills Appraisal District | |
| Website | esearch.millscad.org |