Muenster, Texas Property Taxes
The median property tax rate in Muenster, TX is 1.18%, 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 Muenster at $309,775, the typical annual property tax bill comes to $2,792, slightly below the national median of $2,690. Property taxes in Muenster are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Muenster'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 Muenster 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
Muenster, 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 Muenster Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Muenster with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Muenster 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 Muenster, Texas
Property taxes in Muenster, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Muenster is 1.18%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Muenster set these rates annually, and they can vary significantly across different neighborhoods. Each year, Muenster 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 Muenster's effective property tax rate to other counties in Texas and the national median. For comparison, the 76252 zip code has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Muenster provides valuable insights into the varying tax landscape across Montague County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Muenster Tax Rate
1.18%
Average Montague County Tax Rate
1.38%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Muenster, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76252 | 0.37% | 0.62% | 1.18% | 1.60% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Muenster, Texas
In Muenster, 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. Assessment notices in Muenster 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 median home price in Muenster is $309,775, with the highest and lowest median tax bills both being $2,792 in the 76252 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Muenster Assessed Value
$309,775
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 Muenster, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76252 | $144,818 | $207,755 | $309,775 | $412,435 | $476,524 |
Source: Ownwell
Property Tax Bills Across Muenster, Texas
In Muenster, located in Montague County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, reflecting the market value of the property. For homeowners in Muenster, the median home price is $309,775. The tax rate applied to this value determines the annual property tax bill, which can vary significantly. For example, the tax bill at the 25th percentile is $1,358, while at the 75th percentile, it rises to $4,461. At the 90th percentile, homeowners might see a tax bill as high as $5,398. These variations are influenced by factors such as property location, size, and improvements. Compared to the national median property tax rate of 0.99%, Muenster's property taxes can be relatively high, affecting homeowners' financial planning and overall cost of living. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Muenster Tax Bill
$2,792
Average Montague County Tax Bill
$1,909
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Muenster, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76252 | $844 | $1,358 | $2,792 | $4,461 | $5,398 |
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 |