Mt Pleasant, Texas Property Taxes
The median property tax rate in MT PLEASANT, TX is 0.43%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in MT PLEASANT at $209,931, the typical annual property tax bill reaches $820, significantly below the national median of $2,690. Property taxes in MT PLEASANT 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 MT PLEASANT'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 PLEASANT 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 Pleasant, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$903
$838
Ownwell’s MT PLEASANT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MT PLEASANT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MT PLEASANT 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 Pleasant, Texas
Property taxes in MT PLEASANT, Texas, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in MT PLEASANT is 0.43%, which is lower than both the Texas state median of 1.8% and the U.S. national median of 0.99%. Local government entities within MT PLEASANT set these rates annually, and they can vary significantly across different neighborhoods. Each year, MT PLEASANT 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 PLEASANT's effective property tax rate to other counties in Texas and the national median. For comparison, the 75456 zip code has the highest median property tax rate of 0.46%, while the same zip code also has the lowest median tax rate of 0.46%. Understanding how these cities compare with MT PLEASANT provides valuable insights into the varying tax landscape across Titus County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mt Pleasant Tax Rate
0.43%
Average Titus County Tax Rate
0.41%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mt Pleasant, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75455 | 0.13% | 0.29% | 0.40% | 0.50% | 0.59% |
| 75456 | 0.24% | 0.36% | 0.46% | 0.56% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Mt Pleasant, Texas
In MT PLEASANT, 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 Titus 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 MT PLEASANT, 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 highest median tax bill in the area is $1060 in zip code 75456, while the lowest median tax bill is $761 in zip code 75455. 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 PLEASANT helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mt Pleasant Assessed Value
$209,931
Average Titus County Assessed Value
$154,720
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mt Pleasant, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75455 | $47,721 | $115,275 | $207,266 | $279,088 | $436,028 |
| 75456 | $100,825 | $130,032 | $238,851 | $303,473 | $663,886 |
Source: Ownwell
Property Tax Bills Across Mt Pleasant, Texas
In MT PLEASANT, located in Titus County, TX, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in the area is $209,931, which serves as a reference point for calculating taxes. Homeowners can expect a range of tax bills, with the 25th percentile at $342 and the 75th percentile at $1,254, demonstrating the variability based on property values and specific tax rates. The highest median tax bill in the region is $1,060, found in the 75456 zip code, while the lowest median tax bill is $761 in the 75455 zip code. These figures highlight the differences within the county itself. Compared to the national median property tax rate of 0.99%, homeowners in MT PLEASANT may find their tax bills vary significantly depending on their property's assessed value and the specific rates applied by local taxing authorities. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Mt Pleasant Tax Bill
$820
Average Titus County Tax Bill
$573
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mt Pleasant, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75455 | $134 | $299 | $761 | $1,207 | $1,950 |
| 75456 | $341 | $559 | $1,060 | $1,342 | $2,136 |
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 | |
|---|---|
| Titus Appraisal District | |
| Website | esearch.titus-cad.org |