Mertzon, Texas Property Taxes
Real Estate Values and Property Tax Valuation in Mertzon, Texas
Mertzon is home to 673 properties with a cumulative value of $73.7M, making up 88.21% of all real estate value in Irion County. Property taxes in Mertzon totaled $1.1M, with an average homeowner paying $1,737 in taxes compared to the county average of $1,624. The average property tax rate in Mertzon is 1.51%, slightly higher than the county average of 1.49%. Property taxes are calculated based on the assessed value of the property, which is typically lower than the market value.
The property tax timeline in Texas begins on January 1st, when the property valuation date is set. Property value notices are issued between April and May, and the property tax appeal deadline is May 15th or 30 days after the notices are issued. The real property tax bill is due on January 31st for the preceding year's gross tax bills.
Updated November 01, 2023
| Important Links | |
|---|---|
| TexasFile Clerk Records | - |
| Irion Clerk | (325) 835-2421 |
| Important Dates | |
|---|---|
| Real Property Tax Bill Due (1st of #): | January 31st, Gross tax bills for preceding year |
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - May |
| Property Tax Appeal Deadline: | May 15th or 30 days after notices are issued |
| Property Tax Bills Issued: | October 1st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Mertzon, Texas
Residential Property Tax by ZIP code in Mertzon, Texas
Mertzon, Texas has an average property tax rate of 1.51%, which is slightly higher than the average property tax rate for Irion County, which is 1.49%. This difference is likely due to the fact that Mertzon is a larger city than many of the other towns in Irion County. The ZIP code with the highest effective property tax rate in Mertzon is 76941, with a rate of 1.51%. This rate is higher than the average rate for the county, likely due to the higher home values in this area. On the other hand, the ZIP code with the lowest effective property tax rate in Mertzon is not known, but it is likely to be lower than the average rate for the county due to the lower home values in this area.
Overall, property tax rates in Mertzon vary across ZIP codes due to differences in home values. The higher the home values, the higher the effective property tax rate. This means that residents of Mertzon should be aware of the property tax rate in their ZIP code in order to ensure they are paying the correct amount of taxes. Additionally, residents should also be aware of the average property tax rate for Irion County in order to compare their rate to the rest of the county.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Mertzon, Texas. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76941 | $9,290 | $24,460 | $72,200 | $148,980 | $249,714 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Mertzon, Texas.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76941 | $163 | $407 | $1,170 | $2,536 | $4,104 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76941 | 1.75% | 1.66% | 1.62% | 1.70% | 1.64% |
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Real Estate Values in Mertzon, Texas
Average Home Value in Mertzon, Texas
Last updated: November 2023
We currently do not have this data but we are working to add this soon.
We currently do not have this data but we are working to add this soon.
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Housing Expenses in Mertzon, Texas
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for South region
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