Mt Enterprise, Texas Property Taxes
The median property tax rate in MT ENTERPRISE, TX is 1.76%, notably higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $21,400 in MT ENTERPRISE, the typical annual property tax bill is $499, which is significantly lower than the national median of $2,690. Property taxes in MT ENTERPRISE are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding MT ENTERPRISE'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 MT ENTERPRISE 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
Mt Enterprise, 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 MT Enterprise Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MT Enterprise with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MT Enterprise 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 Mt Enterprise, Texas
Property taxes in MT Enterprise, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MT Enterprise is 1.76%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within MT Enterprise set these rates annually, and they can vary significantly across different neighborhoods. Each year, MT Enterprise 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 MT Enterprise's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 75681 has the highest median property tax rate of 1.76%, while the same zip code also has the lowest median tax rate of 1.76%. Understanding how these cities compare with MT Enterprise provides valuable insights into the varying tax landscape across Rusk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mt Enterprise Tax Rate
1.76%
Average Rusk County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mt Enterprise, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75681 | 0.96% | 1.45% | 1.76% | 1.76% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Mt Enterprise, Texas
In MT Enterprise, 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 Rusk 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. Assessment notices in MT Enterprise 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 MT Enterprise helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $21,400, with tax bills ranging from $241 at the 25th percentile to $3,076 at the 90th percentile. The zip code 75681 has both the highest and lowest median tax bill at $499.
Average Mt Enterprise Assessed Value
$21,400
Average Rusk County Assessed Value
$113,250
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mt Enterprise, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75681 | $2,590 | $6,365 | $21,400 | $75,935 | $158,650 |
Source: Ownwell
Property Tax Bills Across Mt Enterprise, Texas
In MT Enterprise, located in Rusk County, TX, property tax bills are calculated based on the assessed value of a home, which is often a fraction of its market value. The median home price in this area is $21,400. Tax rates are applied to this assessed value to determine the annual tax bill. For example, the 25th percentile of tax bills is $241, while the 75th percentile reaches $1,232, showcasing a range influenced by property values and specific tax rates. Several factors influence the final tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. These taxes are crucial for funding local services such as schools, infrastructure, and emergency services. For homeowners, understanding these components is essential as it directly impacts their annual financial obligations. Notably, even within the same zip code, such as 75681, the median tax bill can vary, with both the highest and lowest median tax bills recorded at $499, reflecting localized differences in property assessments and tax rates.
Average Mt Enterprise Tax Bill
$499
Average Rusk County Tax Bill
$1,761
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mt Enterprise, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75681 | $89 | $241 | $499 | $1,232 | $3,076 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Rusk Appraisal District | |
| Website | www.ruskcad.org |