Montague, Texas Property Taxes
The median property tax rate in Montague, TX is 1.24%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $204,045 in Montague, the typical annual property tax bill is around $1,968, which is below the national median of $2,690. Property taxes in Montague are based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Montague'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 Montague or another part of the county, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Montague, 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 Montague Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Montague with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Montague 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 Montague, Texas
Property taxes in Montague, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Montague is 1.24%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Montague set these rates annually, and they can vary significantly across different neighborhoods. Each year, Montague 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 Montague's effective property tax rate to other counties in Texas and the national median. For comparison, the 76251 zip code has the highest median property tax rate of 1.24%, while the 76251 zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Montague provides valuable insights into the varying tax landscape across Montague, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Montague Tax Rate
1.24%
Average Montague County Tax Rate
1.38%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Montague, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76251 | 0.50% | 1.10% | 1.24% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Montague, Texas
In Montague, 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 Montague 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 Montague, 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. The zip code with the highest median tax bill is 76251, with a median tax bill of $1,968. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Montague Assessed Value
$204,045
Average Montague County Assessed Value
$136,020
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Montague, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76251 | $40,180 | $94,690 | $204,045 | $424,320 | $820,700 |
Source: Ownwell
Property Tax Bills Across Montague, Texas
In Montague, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $204,045, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $1,017, while those in the 75th percentile might see bills as high as $4,080. In some cases, the tax bill can reach up to $7,291 for the 90th percentile. The assessed value considers various factors, including the property's market value, improvements, and location. This can lead to substantial variations in tax bills even within the same city. For example, in Montague's zip code 76251, the median tax bill is $1,968. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting homeowners' finances and the community's overall quality of life.
Average Montague Tax Bill
$1,968
Average Montague County Tax Bill
$1,909
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Montague, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76251 | $451 | $1,017 | $1,968 | $4,080 | $7,291 |
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 | |
|---|---|
| Montague Appraisal District | |
| Website | iswdataclient.azurewebsites.net |