Patton Village, Texas Property Taxes
The median property tax rate in Patton Village, TX is 2.59%, significantly higher than both the national median of 0.99% and Texas' state median of 1.67%. With a median home value in Patton Village, the typical annual property tax bill reaches $97, which, although modest, still exceeds the national median of $2,690 when considering the tax rate. Property taxes in Patton Village are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Patton Village's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Patton Village or another part of Montgomery County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Patton Village, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.59%
Estimate Property Tax Bill
$97
$90
$1,148
Average Tax Savings
Ownwell’s Patton Village Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Patton Village with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Patton Village 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 Patton Village. 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 Montgomery County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Patton Village, Texas
Property taxes in Patton Village, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Patton Village is 2.59%, notably higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Patton Village set these rates annually, and they can vary significantly across different neighborhoods. Each year, Patton Village 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 Patton Village's effective property tax rate to other counties in Texas and the national median. For comparison, the 77372 zip code has the highest median property tax rate of 2.59%, while the same zip code also holds the lowest median tax rate of 2.59%. Understanding how these cities compare with Patton Village 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 Patton Village Tax Rate
2.59%
Average Montgomery County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Patton Village, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77372 | 2.59% | 2.59% | 2.59% | 2.59% | 2.59% |
Source: Ownwell
$1,148
Average Patton Village Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Patton Village, Texas
In Patton Village, 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 in Patton Village 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 Patton Village helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the median home price is $3,750, with tax bills at the 25th, 75th, and 90th percentiles all being $97.
Average Patton Village Assessed Value
$3,750
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 Patton Village, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77372 | $3,750 | $3,750 | $3,750 | $3,750 | $3,750 |
Source: Ownwell
$1,148
Average Patton Village Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Patton Village, Texas
In Patton Village, Montgomery County, TX, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the home's market value. For example, with a median home price of $3,750, the tax rate in Patton Village significantly impacts the final tax bill. Homeowners can expect tax bills around $97, regardless of the percentile, which shows a unique uniformity in this area. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value. For homeowners, these property taxes can represent a significant annual expense, impacting their overall financial planning. Ownwell offers a valuable service by helping homeowners appeal their property tax assessments and identify applicable exemptions. By leveraging expert knowledge and local data, Ownwell can ensure that homeowners are not overpaying on their property taxes, potentially saving them hundreds or even thousands of dollars each year. This service is particularly beneficial in areas like Patton Village, where every dollar counts.
Average Patton Village Tax Bill
$97
Average Montgomery County Tax Bill
$4,550
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Patton Village, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77372 | $97 | $97 | $97 | $97 | $97 |
Source: Ownwell
$1,148
Average Patton Village 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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