Mc Camey, Texas Property Taxes
The median property tax rate in MC CAMEY, TX is 1.66%, slightly lower than the Texas state median of 1.67% but significantly higher than the national median of 0.99%. With a median home value of $59,975 in MC CAMEY, the typical annual property tax bill reaches $987, which is below the national median of $2,690. Property taxes in MC CAMEY are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding MC CAMEY'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 MC CAMEY 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
Mc Camey, 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 MC CAMEY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC CAMEY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC CAMEY 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 Mc Camey, Texas
Property taxes in MC CAMEY, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MC CAMEY is 1.66%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within MC CAMEY set these rates annually, and they can vary significantly across different neighborhoods. Each year, MC CAMEY 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 MC CAMEY's effective property tax rate to other counties in Texas and the national median. For comparison, the 79752 zip code has the highest median property tax rate of 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with MC CAMEY provides valuable insights into the varying tax landscape across Pecos County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Camey Tax Rate
1.66%
Average Pecos County Tax Rate
2.01%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Camey, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79752 | 1.29% | 1.48% | 1.66% | 1.82% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Mc Camey, Texas
In MC CAMEY, 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 Pecos 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 MC CAMEY, 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. The median home price in MC CAMEY is $59,975, with median tax bills ranging from $679 at the 25th percentile to $1,651 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 79752, with a median tax bill of $987. 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 MC CAMEY helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mc Camey Assessed Value
$59,975
Average Pecos County Assessed Value
$98,890
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Camey, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79752 | $21,587 | $38,638 | $59,975 | $94,072 | $134,091 |
Source: Ownwell
Property Tax Bills Across Mc Camey, Texas
In MC CAMEY, located in Pecos County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $59,975, homeowners can expect their property tax bill to vary significantly. At the 25th percentile, the tax bill is around $679, while at the 75th percentile, it rises to approximately $1,322. For those at the 90th percentile, the tax bill can reach up to $1,651. These property taxes directly impact homeowners by influencing their annual housing costs. Compared to the national median property tax rate of 0.99%, MC CAMEY's tax rates can seem relatively moderate. However, the actual amount paid will depend on the specific assessed value of the property and the local tax rate. This variability highlights the importance of understanding how local assessments and tax rates can affect overall homeownership costs.
Average Mc Camey Tax Bill
$987
Average Pecos County Tax Bill
$1,702
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Camey, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79752 | $399 | $679 | $987 | $1,322 | $1,651 |
Source: Ownwell