Mccamey, Texas Property Taxes
The median property tax rate in McCamey, TX is 1.47%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in McCamey, the typical annual property tax bill reaches $3,594, exceeding the national median of $2,690. Property taxes in McCamey 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 McCamey'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 McCamey 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
Mccamey, 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 McCamey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McCamey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McCamey 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 Pecos County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Mccamey, Texas
Property taxes in McCamey, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McCamey is 1.47%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within McCamey set these rates annually, and they can vary significantly across different neighborhoods. Each year, McCamey 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 McCamey's effective property tax rate to other counties in Texas and the national median. For comparison, the 79752 zip code has both the highest and lowest median property tax rate of 1.47%. Understanding how these cities compare with McCamey 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 Mccamey Tax Rate
1.47%
Average Pecos County Tax Rate
2.01%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mccamey, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79752 | 1.47% | 1.47% | 1.47% | 1.47% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Mccamey, Texas
In McCamey, 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 McCamey, 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. 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 McCamey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bills is 79752, with a median tax bill of $3,594.
Average Mccamey Assessed Value
$244,470
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 Mccamey, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79752 | $244,470 | $244,470 | $244,470 | $244,470 | $244,470 |
Source: Ownwell
Property Tax Bills Across Mccamey, Texas
Property tax bills in McCamey, located in Pecos County, TX, are determined based on the assessed value of a property and the applicable tax rate. The assessed value is typically a percentage of the property's market value, which in McCamey, aligns with the median home price of $244,470. The local tax rate is applied to this assessed value to calculate the annual tax bill. For homeowners in McCamey, the property tax bill is notably consistent, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $3,594. This uniformity suggests a stable tax environment within the city. When compared to the national median property tax rate of 0.99%, McCamey’s property tax rate can significantly impact homeowners, especially considering the median home price. These tax bills contribute to essential local services such as public schools, infrastructure, and emergency services, directly affecting the quality of life for residents. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Mccamey Tax Bill
$3,594
Average Pecos County Tax Bill
$1,702
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mccamey, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79752 | $3,594 | $3,594 | $3,594 | $3,594 | $3,594 |
Source: Ownwell