Monahans, Ward County, Texas Property Taxes

Name: Property Tax Bills Across Monahans, Ward County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Monahans, TX effective property tax rate: 1.67%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Monahans, TX home value: $94,290
Median annual Monahans, TX tax bill: $1,252, $1,148 lower than the national median property tax bill of $2,400.

How are property taxes in Ward County calculated?

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

Last Updated March 1, 2025

Monahans, Ward County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.67%

Estimate Property Tax Bill

$1,575

$1,461

Ownwell’s Monahans Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Monahans with just two data points.

By entering your property's estimated assessed value, our calculator applies Monahans’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Ward County — reflects any exemptions you may have, ensuring a 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 Ward County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Monahans, Ward County, Texas

Local government entities set property tax rates, which can vary significantly within Texas. Each year, counties calculate their required budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This process determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the core of the annual procedure.

Monahans, located in Ward County, has an effective property tax rate of 1.67%. This rate is notably higher than the national median of 1.02%. When comparing Monahans to other cities in Texas, it stands out due to its higher property tax rate. This elevated rate can result in a significant property tax bill for homeowners, exceeding the national median property tax bill of $2,400.

Understanding these rates is crucial for property owners in Monahans, as they directly impact annual expenses. Property owners should consider these factors when budgeting for property-related costs.

Property Tax Rates Across Monahans, Ward County, Texas

Source: Ownwell

1.63%

1.71%

1.78%

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 Monahans Tax Rate

1.67%

Median Effective Ward County Tax Rate

1.64%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Monahans, Ward County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79756	0.86%	1.34%	1.67%	1.98%	1.98%

Source: Ownwell

Property Tax Assessment Values Across Monahans, Ward County, Texas

When examining property taxes in Monahans, 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 Ward 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. Assessment notices: Ward 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 Monahans. For example, the median home price in Monahans is $94,290, with tax bills ranging significantly across the county. 79756 has the highest median home price at $94,290.

Property Tax Assessment Values Across Monahans, Ward County, Texas

Source: Ownwell

$29,830

$62,060

$94,290

Median Monahans Market Value

$94,290

Median Ward County Market Value

$84,385

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Monahans, Ward County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79756	$15,380	$38,010	$94,290	$162,010	$245,120

Source: Ownwell

Property Tax Bills Across Monahans, Ward County, Texas

In Monahans, Texas, property tax bills are calculated by applying the local tax rate to the assessed value of a home. The assessed value is determined by the local appraisal district and may differ from the market value. In Monahans, the median home price is $94,290, with property tax bills ranging from $561 at the 25th percentile to $4,143 at the 90th percentile. The median tax bill in the area is $1,252, which is below the national median of $2,400. This means homeowners in Monahans typically pay a lower percentage of their home's value in taxes compared to other regions. However, property taxes can still be a significant expense for homeowners. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners reduce their tax liabilities. This service ensures that homeowners only pay their fair share, potentially saving them hundreds or even thousands of dollars on their annual property tax bills.

Property Tax Bills Across Monahans, Ward County, Texas

Source: Ownwell

$334

$793

$1,252

Median Monahans Tax Bill

$1,252

Median Ward County Tax Bill

$1,092

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Monahans, Ward County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79756	$274	$561	$1,252	$2,376	$4,143

Source: Ownwell