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Murchison, Van Zandt County, Texas Property Taxes

  • Median Murchison, TX effective property tax rate: 1.09%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Murchison, TX home value: $118,380

  • Median annual Murchison, TX tax bill: $668, $1,732 lower than the national median property tax bill of $2,400.

How are property taxes in Van Zandt calculated?

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

Last Updated March 1, 2025

Murchison, Van Zandt County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.09%

Estimate Property Tax Bill

$1,290

$1,197

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Property Tax Rates Across Murchison, Van Zandt County, Texas

Local government entities determine tax rates, and these can vary significantly within a state. The process involves each county estimating the budget necessary to provide essential services and dividing this by the total assessed value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

Murchison, located in Van Zandt County, Texas, presents an interesting case. The effective property tax rate here is the same as the highest and lowest rates in the county, standing at 1.09%. This rate is slightly above the national median property tax rate of 1.02%. When compared to the national median property tax bill of $2400, residents of Murchison may find their local tax burden to be higher than the average American homeowner. Understanding these rates and how they compare to both state and national figures can empower property owners to make informed decisions regarding property tax appeals and exemptions.

Property Tax Rates Across Murchison, Van Zandt County, Texas

Source: Ownwell

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0.51%

0.80%

1.09%

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 Murchison Tax Rate

1.09%

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 Van Zandt County Tax Rate

0.90%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Murchison, Van Zandt County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
757780.16%0.27%1.09%1.41%1.61%

Source: Ownwell

Property Tax Assessment Values Across Murchison, Van Zandt County, Texas

When examining property taxes in Murchison, 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 Van Zandt 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 Van Zandt County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Murchison. For example, the median home price in Murchison is $118,380, with tax bills ranging significantly across the county. Zip code 75778 has the highest median home price at $118,380.

Property Tax Assessment Values Across Murchison, Van Zandt County, Texas

Source: Ownwell

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$118,380

$183,755

$249,130

Median Murchison Market Value

$118,380

Median Van Zandt County Market Value

$183,735

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Murchison, Van Zandt County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75778$19,332$54,420$118,380$209,368$338,375

Source: Ownwell

Property Tax Bills Across Murchison, Van Zandt County, Texas

In Murchison, located in Van Zandt County, TX, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local taxing authorities determine the tax rate, which is then applied to the assessed value to calculate the annual tax bill. With a median home price of $118,380, homeowners in this area can expect varying tax bills. The tax bill for the 25th percentile is $244, while the 75th percentile sees a bill of $1,732, and the 90th percentile reaches up to $3,399. These figures highlight the range of property tax obligations homeowners might face. Compared to the national median property tax bill of $2,400, Murchison offers a relatively affordable tax environment. However, homeowners can still benefit from optimizing their tax bills. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they only pay their fair share. By leveraging professional expertise, homeowners can reduce their financial burden and achieve significant savings.

Property Tax Bills Across Murchison, Van Zandt County, Texas

Source: Ownwell

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$578

$1,215

$1,851

Median Murchison Tax Bill

$668

Median Van Zandt County Tax Bill

$1,296

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Murchison, Van Zandt County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75778$126$244$668$1,732$3,399

Source: Ownwell

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