Mc Faddin, Texas Property Taxes
The median property tax rate in Mc Faddin, TX is 0.85%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $59,280 in Mc Faddin, the typical annual property tax bill amounts to $978, significantly below the national median of $2,690. Property taxes in Mc Faddin are based on the tax-assessed value, which usually falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Mc Faddin's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Mc Faddin or another part of Victoria County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mc Faddin, 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 MC FADDIN Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in MC FADDIN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC FADDIN to provide an accurate estimate of your property tax bill. This intuitive tool helps you grasp potential tax liabilities effortlessly. For those interested in deeper insights, you can explore trends on a neighborhood level by scrolling down for more localized information. Your property’s assessed value, determined by Victoria County, is crucial for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Mc Faddin, Texas
Property taxes in Mc Faddin, Texas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Mc Faddin is 0.85%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Mc Faddin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mc Faddin 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 Mc Faddin's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 77973 has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with Mc Faddin provides valuable insights into the varying tax landscape across Victoria County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Faddin Tax Rate
0.85%
Average Victoria County Tax Rate
1.42%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Faddin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77973 | 0.19% | 0.22% | 0.85% | 1.60% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Mc Faddin, Texas
In MC FADDIN, 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 Victoria 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 MC FADDIN, 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. 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 MC FADDIN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 77973 has the highest and lowest median tax bills, both at $978, reflecting the unique tax landscape of the area.
Average Mc Faddin Assessed Value
$59,280
Average Victoria County Assessed Value
$175,870
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Faddin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77973 | $9,404 | $25,386 | $59,280 | $161,210 | $367,570 |
Source: Ownwell
Property Tax Bills Across Mc Faddin, Texas
In Mc Faddin, Victoria County, TX, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is based on the market value of the home, which in Mc Faddin has a median home price of $59,280. This assessed value is then subjected to the local tax rate, which can vary depending on the specific area within the county. Factors such as property improvements and market conditions can influence the assessed value, impacting the overall tax bill. For homeowners, this means that any increase in the market value of their property will likely result in a higher tax bill. In Mc Faddin, the 25th percentile of tax bills is around $230, while the 75th percentile reaches $1,358, and the 90th percentile can go up to $3,138. Compared to the national median property tax rate of 0.99%, Mc Faddin's property tax rates can significantly impact homeowners, especially those with properties valued above the median price.
Average Mc Faddin Tax Bill
$978
Average Victoria County Tax Bill
$2,280
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Faddin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77973 | $87 | $230 | $978 | $1,358 | $3,138 |
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 | |
|---|---|
| Victoria Appraisal District | |
| Website | propaccess.trueautomation.com |