Marquez, Texas Property Taxes
The median property tax rate in Marquez, TX is 0.34%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Marquez, the typical annual property tax bill reaches $588, significantly below the national median of $2,690. Property taxes in Marquez 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 Marquez'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 Marquez or another part of Robertson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marquez, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$691
$640
Ownwell’s Marquez Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marquez with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marquez 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 Marquez, Texas
Property taxes in Marquez, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marquez is 0.34%, lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Marquez set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marquez 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 Marquez's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in Texas is 2.18%, while the lowest median tax rate is 0.61%. Understanding how these cities compare with Marquez provides valuable insights into the varying tax landscape across Robertson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marquez Tax Rate
0.34%
Average Robertson County Tax Rate
1.09%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marquez, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77865 | 0.11% | 0.20% | 0.34% | 0.53% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Marquez, Texas
In Marquez, 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 Robertson 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 Marquez, 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. For instance, the median home price in Marquez is $203,336, with tax bills ranging from $314 at the 25th percentile to $1,894 at the 90th percentile. Notably, the highest and lowest median tax bills in the area both stand at $588, specifically in the 77865 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marquez Assessed Value
$203,336
Average Robertson County Assessed Value
$118,900
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marquez, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77865 | $31,227 | $112,736 | $203,336 | $340,102 | $511,792 |
Source: Ownwell
Property Tax Bills Across Marquez, Texas
In Marquez, Robertson County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, reflecting the market value of the property. Homeowners in Marquez experience varying tax bills, influenced by factors such as property size, location, and improvements. The median home price in Marquez is $203,336, with property tax bills ranging from the 25th percentile at $314 to the 90th percentile at $1,894. This variation underscores how different property characteristics and assessed values impact the tax burden. The median property tax bill in the area is $588, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential local services, including schools, infrastructure, and public safety. Homeowners need to understand these factors as they directly affect their annual tax obligations and the overall cost of owning property in Marquez.
Average Marquez Tax Bill
$588
Average Robertson County Tax Bill
$993
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Marquez, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77865 | $115 | $314 | $588 | $1,097 | $1,894 |
Source: Ownwell