Miles, Tom Green County, Texas Property Taxes
Median MILES, TX effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median MILES, TX home value: $248,935
Median annual MILES, TX tax bill: $1,552, $848 lower than the national median property tax bill of $2,400.
How are property taxes in Tom Green 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, Tom Green County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.64%
Estimate Property Tax Bill
$1,593
$1,478
Property Tax Rates Across Miles, Tom Green County, Texas
Local government entities set tax rates, which can vary widely within a state. The reason for this variation is that each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In MILES in Tom Green County, TX, the effective property tax rate stands at 0.64%, which is notably lower than the national median property tax rate of 1.02%. This makes it a relatively affordable area in terms of property taxes compared to the national average. The property tax rate in MILES is consistent with the overall median rate for Texas, indicating a stable tax environment. By understanding these rates, property owners can better anticipate their annual tax obligations and plan accordingly.
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
0.64%
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 Tom Green County Tax Rate
1.11%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Miles, Tom Green County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76861 | 0.17% | 0.29% | 0.64% | 1.08% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Miles, Tom Green County, Texas
When examining property taxes in Miles, TX, 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 Tom Green 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 Tom Green 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 $248,935, with tax bills ranging significantly across the county. Zip code 76861 has the highest median home price at $248,935.
Property Tax Assessment Values Across Miles, Tom Green County, Texas
Source: Ownwell
$111,550
$332,085
$552,620
Median Miles Market Value
$248,935
Median Tom Green County Market Value
$186,425
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Miles, Tom Green County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76861 | $79,308 | $165,575 | $248,935 | $382,360 | $576,920 |
Source: Ownwell
Property Tax Bills Across Miles, Tom Green County, Texas
Median Miles Tax Bill
$1,552
Median Tom Green County Tax Bill
$1,970
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Miles, Tom Green County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76861 | $255 | $671 | $1,552 | $3,155 | $4,532 |
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 | |
|---|---|
| Tom Green Appraisal District | |
| Website | iswdataclient.azurewebsites.net |