Montgomery, Texas Property Taxes
The median property tax rate in Montgomery, TX is 1.56%, higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Montgomery at $335,980, the typical annual property tax bill reaches $5,169, significantly surpassing the national median of $2,690. Property taxes in Montgomery 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 Montgomery'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 Montgomery 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
Montgomery, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$5,241
$4,864
$1,148
Average Tax Savings
Ownwell’s Montgomery Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Montgomery with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Montgomery to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Montgomery. 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 Montgomery, Texas
Property taxes in Montgomery, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Montgomery is 1.56%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Montgomery set these rates annually, and they can vary significantly across different neighborhoods. Each year, Montgomery 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 Montgomery's effective property tax rate to other counties in Texas and the national median. For comparison, the 77356 zip code has the highest median property tax rate of 1.60%, while the 77316 zip code has the lowest median tax rate of 1.48%. Understanding how these cities compare with Montgomery provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Montgomery Tax Rate
1.56%
Average Montgomery County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Montgomery, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77316 | 0.47% | 1.19% | 1.48% | 1.95% | 2.15% |
| 77356 | 0.99% | 1.33% | 1.60% | 1.77% | 1.98% |
Source: Ownwell
$1,148
Average Montgomery Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Montgomery, Texas
In Montgomery, 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 Montgomery 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 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. Montgomery’s median home price stands at $335,980, with tax bills ranging from $2,642 at the 25th percentile to $12,433 at the 90th percentile. The highest median tax bill, $5,478, is found in zip code 77316, while the lowest, $5,046, is in zip code 77356. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively.
Average Montgomery Assessed Value
$335,980
Average Montgomery County Assessed Value
$278,300
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Montgomery, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77316 | $90,460 | $196,040 | $364,570 | $540,430 | $735,874 |
| 77356 | $125,000 | $222,130 | $315,930 | $492,165 | $781,380 |
Source: Ownwell
$1,148
Average Montgomery Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Montgomery, Texas
In Montgomery, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the local property tax rate. For example, the median home price in Montgomery is $335,980, and property tax bills can vary significantly. Homeowners in the 25th percentile pay around $2,642, while those in the 75th percentile pay approximately $8,386. Some of the highest median tax bills can reach up to $12,433. Factors that influence the tax bill include the home's market value, local tax rates, and any applicable exemptions. Homeowners in Montgomery can see a wide range in their property tax bills, with the highest median tax bill in ZIP code 77316 being $5,478 and the lowest in ZIP code 77356 at $5,046. Ownwell can help homeowners save on their property tax bills by providing expert property tax appeal and exemption services. By leveraging local market data and extensive experience, Ownwell ensures that homeowners are not overpaying on their property taxes, potentially saving them thousands of dollars annually.
Average Montgomery Tax Bill
$5,169
Average Montgomery County Tax Bill
$4,550
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Montgomery, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77316 | $769 | $1,993 | $5,478 | $9,018 | $12,432 |
| 77356 | $1,533 | $3,147 | $5,046 | $7,590 | $12,432 |
Source: Ownwell
$1,148
Average Montgomery Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Montgomery Appraisal District | |
| Website | mcad-tx.org |
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