Miles, Runnels County, Texas Property Taxes

Name: Property Tax Bills Across Miles, Runnels County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median MILES, TX effective property tax rate: 1.96%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median MILES, TX home value: $80,295
Median annual MILES, TX tax bill: $1,483, $917 lower than the national median property tax bill of $2,400.

How are property taxes in Runnels calculated?

Property taxes in MILES, 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 MILES’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MILES, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Miles, Runnels County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.96%

Estimate Property Tax Bill

$1,574

$1,460

Ownwell’s MILES Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in MILES with just two data points. By entering your property's estimated assessed value, our calculator applies MILES’ 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 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 Runnels. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Miles, Runnels County, Texas

Local government entities set property tax rates, which can vary significantly within Texas. Annually, each county determines its budgetary needs to provide essential services and divides this by the total assessed value of all taxable properties within its jurisdiction. This process results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the fundamental annual process.

In Miles, located in Runnels County, the effective property tax rate is a noteworthy figure. When compared to other cities in Texas and the national median property tax rate of 1.02%, Miles stands out. Texas's median property tax rate is 1.96%, which is significantly higher than the national median. This can result in a higher property tax bill for homeowners in Miles compared to the national median bill of $2400. Understanding these rates is crucial for property owners looking to manage their expenses effectively.

Property Tax Rates Across Miles, Runnels County, Texas

Source: Ownwell

1.29%

1.85%

2.41%

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 Miles Tax Rate

1.96%

Median Effective Runnels County Tax Rate

2.12%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Miles, Runnels County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
76861	1.68%	1.86%	1.96%	1.96%	1.96%

Source: Ownwell

Property Tax Assessment Values Across Miles, Runnels County, Texas

When examining property taxes in Miles, Texas, 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 Runnels 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 Runnels 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 Miles.

For example, the median home price in Miles is $80,295, with tax bills ranging significantly across the county. Zip code 76861 has the highest median home price at $80,295.

Property Tax Assessment Values Across Miles, Runnels County, Texas

Source: Ownwell

$55,370

$106,260

$157,150

Median Miles Market Value

$80,295

Median Runnels County Market Value

$72,550

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Miles, Runnels County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
76861	$18,380	$46,325	$80,295	$138,065	$232,245

Source: Ownwell

Property Tax Bills Across Miles, Runnels County, Texas

In MILES, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price stands at $80,295, with property tax bills ranging significantly. At the 25th percentile, homeowners pay around $869, while those at the 75th percentile face bills of approximately $2,519. The 90th percentile sees a tax bill of $4,360, indicating a wide variance based on property value and location. Compared to the national median property tax rate of 1.02% and a median bill of $2,400, MILES homeowners may experience less financial burden, but it's crucial to ensure the assessed value accurately reflects the market value to avoid overpaying. Ownwell offers valuable assistance by reviewing assessments and identifying potential errors, ensuring homeowners only pay their fair share. By leveraging expertise in property tax appeals and exemptions, Ownwell can help reduce your tax bill, providing peace of mind and potential savings.

Property Tax Bills Across Miles, Runnels County, Texas

Source: Ownwell

$1,155

$2,023

$2,891

Median Miles Tax Bill

$1,483

Median Runnels County Tax Bill

$1,423

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Miles, Runnels County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
76861	$354	$869	$1,483	$2,519	$4,360

Source: Ownwell