Home
/US Property Taxes
/Texas
/Parker County
/Mineral Wells

Mineral Wells, Parker County, Texas Property Taxes

  • Median Mineral Wells, TX effective property tax rate: 1.38%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Mineral Wells, TX home value: $244,540

  • Median annual Mineral Wells, TX tax bill: $2,855, $455 higher than the national median property tax bill of $2,400.

How are property taxes in Parker County calculated?

Property taxes in Mineral Wells, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Mineral Wells’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mineral Wells, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mineral Wells, Parker County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.38%

Estimate Property Tax Bill

$3,375

$3,132

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Mineral Wells Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mineral Wells with just two data points.

By entering your property's estimated assessed value, our calculator applies Mineral Wells’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Parker County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mineral Wells, Parker County, Texas

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Mineral Wells’ effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Mineral Wells, located in Parker County, has a median property tax rate of 1.38%. This rate is above the national median property tax rate of 1.02%. When considering property tax bills, residents of Mineral Wells may find themselves paying more than the national median property tax bill of $2,400. Understanding these rates is crucial for property owners in planning and managing their financial responsibilities.

Property Tax Rates Across Mineral Wells, Parker County, Texas

Source: Ownwell

Loading...

1.16%

1.48%

1.79%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Mineral Wells Tax Rate

1.38%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Parker County Tax Rate

1.54%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mineral Wells, Parker County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
760670.76%1.09%1.38%1.66%1.81%

Source: Ownwell

Property Tax Assessment Values Across Mineral Wells, Parker County, Texas

When examining property taxes in Mineral Wells, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Parker County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Parker County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Mineral Wells. For example, the median home price in Mineral Wells is $244,540, with tax bills ranging significantly across the county. Zip code 76067 has the highest median home price at $245,225.

Property Tax Assessment Values Across Mineral Wells, Parker County, Texas

Source: Ownwell

Loading...

$82,440

$340,315

$598,190

Median Mineral Wells Market Value

$244,540

Median Parker County Market Value

$335,640

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mineral Wells, Parker County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76067$19,902$112,030$245,225$339,908$503,907

Source: Ownwell

Property Tax Bills Across Mineral Wells, Parker County, Texas

In Mineral Wells, located in Parker 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 tax bill. Factors influencing the assessed value include the property's market value and any improvements made. Homeowners in Mineral Wells face a median property tax bill of $2,860, which is slightly above the national median of $2,400. This can pose a significant financial burden, especially for those with tax bills reaching the 90th percentile at $6,593.

Ownwell can assist homeowners by offering property tax appeal services, potentially reducing their assessed values and, consequently, their tax bills. By analyzing market data and comparable properties, Ownwell identifies opportunities for savings. This expert guidance can lead to substantial reductions in property tax liabilities, providing homeowners with much-needed financial relief. With Ownwell's support, homeowners in Mineral Wells can navigate the complexities of property taxation and ensure they are not overpaying.

Property Tax Bills Across Mineral Wells, Parker County, Texas

Source: Ownwell

Loading...

$867

$5,292

$9,716

Median Mineral Wells Tax Bill

$2,855

Median Parker County Tax Bill

$4,986

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Mineral Wells, Parker County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76067$249$1,079$2,860$5,145$6,593

Source: Ownwell

Don't miss the deadline to protest!