Average Tax Assessment in McLennan County
Real Estate Values and Property Tax Valuation in McLennan County, Texas
McLennan County has a total of 75,340 properties with a cumulative value of $13.3B. This accounts for 0.63% of all real estate value in Texas. Property taxes in McLennan County totaled $253.0M, with the average homeowner paying $3,358 in property taxes, which is lower than the state average of $4,015. The average property tax rate in McLennan County is 1.90%, which is higher than the state average of 1.69%. Property taxes are 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 | |
|---|---|
| McLennan Appraisal District | (254) 752-9864 |
| McLennan Tax Office | (254) 757-5130 |
| TexasFile Clerk Records | - |
| 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 McLennan County
Residential Property Taxes by Cities in McLennan County
McLennan County has an average property tax rate of 1.90%, which is slightly lower than the state average of 2.06%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average McLennan County property tax bill is $3,358. Property tax rates vary across the cities in McLennan County, with Waco having the highest effective property tax rate of 2.02% and Valley Mills having the lowest effective property tax rate of 0.72%. This means that property owners in Waco will pay more in taxes than those in Valley Mills. The difference in property tax rates across the cities in McLennan County can be attributed to the different services and amenities offered in each city. For example, Waco may have more parks and recreational facilities than Valley Mills, which could lead to higher property taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in McLennan County. 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.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Axtell | $14,034 | $35,060 | $92,860 | $208,780 | $276,922 |
| Bruceville | $18,636 | $33,110 | $99,330 | $214,770 | $271,030 |
| China Spring | $34,961 | $133,310 | $230,370 | $348,122 | $489,515 |
| Crawford | $59,416 | $133,510 | $258,680 | $421,250 | $538,300 |
| Eddy | $13,477 | $28,925 | $71,090 | $162,875 | $232,312 |
| Elm Mott | $10,855 | $28,235 | $80,870 | $152,720 | $224,755 |
| Hewitt | $148,300 | $180,200 | $207,560 | $250,540 | $309,760 |
| Lorena | $43,340 | $160,910 | $220,580 | $303,295 | $420,836 |
| Mart | $12,950 | $29,232 | $63,145 | $96,882 | $159,649 |
| Mc Gregor | $68,734 | $111,390 | $182,860 | $339,200 | $555,828 |
| Moody | $11,472 | $35,990 | $81,200 | $157,870 | $268,398 |
| Riesel | $20,464 | $48,580 | $97,200 | $166,425 | $230,236 |
| Robinson | $110,050 | $157,532 | $199,010 | $264,288 | $333,920 |
| Valley Mills | $27,640 | $103,458 | $219,366 | $300,945 | $393,586 |
| Waco | $46,970 | $76,530 | $117,975 | $188,000 | $261,610 |
| West | $39,661 | $81,835 | $142,595 | $230,130 | $334,598 |
| Woodway | $156,686 | $196,935 | $256,000 | $343,770 | $440,736 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in McLennan County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Axtell | $124 | $351 | $991 | $2,453 | $3,656 |
| Bruceville | $212 | $485 | $1,468 | $3,105 | $4,233 |
| China Spring | $455 | $1,560 | $3,369 | $5,310 | $8,136 |
| Crawford | $825 | $1,993 | $3,819 | $6,504 | $8,769 |
| Eddy | $169 | $432 | $1,056 | $2,645 | $3,863 |
| Elm Mott | $122 | $301 | $933 | $2,089 | $3,269 |
| Hewitt | $2,241 | $3,003 | $3,926 | $4,894 | $6,114 |
| Lorena | $695 | $2,347 | $4,112 | $5,564 | $7,175 |
| Mart | $211 | $453 | $1,164 | $2,044 | $2,972 |
| Mc Gregor | $801 | $1,907 | $3,331 | $7,171 | $11,536 |
| Moody | $185 | $437 | $1,299 | $2,714 | $4,483 |
| Riesel | $261 | $692 | $1,405 | $2,576 | $3,928 |
| Robinson | $1,679 | $2,644 | $3,777 | $5,013 | $6,514 |
| Valley Mills | $127 | $535 | $1,043 | $1,699 | $4,084 |
| Waco | $651 | $1,400 | $2,333 | $3,857 | $5,605 |
| West | $583 | $1,280 | $2,306 | $3,771 | $5,650 |
| Woodway | $1,929 | $3,251 | $4,724 | $6,820 | $9,156 |
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.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Axtell | 0.88% | 1.00% | 1.07% | 1.17% | 1.32% |
| Bruceville | 1.14% | 1.46% | 1.48% | 1.45% | 1.56% |
| China Spring | 1.30% | 1.17% | 1.46% | 1.53% | 1.66% |
| Crawford | 1.39% | 1.49% | 1.48% | 1.54% | 1.63% |
| Eddy | 1.25% | 1.49% | 1.49% | 1.62% | 1.66% |
| Elm Mott | 1.12% | 1.07% | 1.15% | 1.37% | 1.45% |
| Hewitt | 1.51% | 1.67% | 1.89% | 1.95% | 1.97% |
| Lorena | 1.60% | 1.46% | 1.86% | 1.83% | 1.70% |
| Mart | 1.63% | 1.55% | 1.84% | 2.11% | 1.86% |
| Mc Gregor | 1.17% | 1.71% | 1.82% | 2.11% | 2.08% |
| Moody | 1.61% | 1.21% | 1.60% | 1.72% | 1.67% |
| Riesel | 1.28% | 1.42% | 1.45% | 1.55% | 1.71% |
| Robinson | 1.53% | 1.68% | 1.90% | 1.90% | 1.95% |
| Valley Mills | 0.46% | 0.52% | 0.48% | 0.56% | 1.04% |
| Waco | 1.39% | 1.83% | 1.98% | 2.05% | 2.14% |
| West | 1.47% | 1.56% | 1.62% | 1.64% | 1.69% |
| Woodway | 1.23% | 1.65% | 1.85% | 1.98% | 2.08% |
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Real Estate Values in McLennan County
The data from Redfin shows that the median home price in McLennan County, Texas decreased by 12.73% from October 2022 to October 2023. This indicates that the housing market in McLennan County is cooling off, as the median home price dropped from $550.0K to $480.0K. Additionally, the home inventory in McLennan County increased from 770 in October 2022 to 973 in October 2023, suggesting that there is more housing supply in the area. Overall, these trends indicate that the housing market in McLennan County is slowing down.
Average Home Value in McLennan County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in McLennan County
Last updated: November 2023
Percent Change in New Home Listings in McLennan County
Last updated: November 2023
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Mortgage Rates in McLennan County
McLennan County has a total outstanding loan amount of $5.3 billion across home mortgages. This represents an impressive 29,100 outstanding loans in the county. The median mortgage rate in McLennan County varies significantly across cities, with Eddy having the highest median mortgage rate at 4.26%, and Lorena having the lowest median mortgage rate at 3.87%. This variation in rates can have a significant impact on the total home value of a property, as a higher rate can mean a higher monthly payment and a higher total cost of the loan.
Overall, the total outstanding loan amount in McLennan County is a testament to the strength of the local housing market. The variation in mortgage rates across cities provides potential homebuyers with options to find the best rate for their needs. With the right research and guidance, homebuyers can find the best mortgage rate to fit their budget and maximize their home value.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in McLennan County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Axtell | $26,988 | $58,096 | $98,246 | $170,674 | $281,588 |
| Bruceville | $24,339 | $58,726 | $116,894 | $173,955 | $248,239 |
| China Spring | $50,738 | $90,592 | $162,821 | $268,150 | $401,008 |
| Crawford | $52,764 | $103,401 | $164,243 | $269,954 | $411,203 |
| Eddy | $29,814 | $52,797 | $97,682 | $160,298 | $219,340 |
| Elm Mott | $28,964 | $50,187 | $83,071 | $138,774 | $206,473 |
| Hewitt | $64,961 | $90,654 | $135,832 | $201,215 | $275,567 |
| Lorena | $68,295 | $122,812 | $182,235 | $232,615 | $317,644 |
| Mart | $12,159 | $26,021 | $62,026 | $118,338 | $197,901 |
| Mc Gregor | $40,217 | $82,574 | $163,325 | $266,978 | $382,366 |
| Moody | $26,625 | $54,929 | $98,188 | $166,307 | $248,946 |
| Riesel | $21,188 | $43,916 | $84,249 | $133,909 | $183,150 |
| Robinson | $53,943 | $88,159 | $131,202 | $198,485 | $261,083 |
| Valley Mills | $35,719 | $81,518 | $132,900 | $227,245 | $311,712 |
| Waco | $29,092 | $53,409 | $101,234 | $165,340 | $238,713 |
| West | $25,827 | $49,945 | $98,579 | $162,368 | $245,950 |
| Woodway | $69,837 | $110,816 | $169,315 | $249,982 | $336,707 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across McLennan County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Axtell | 2.91% | 3.59% | 4.07% | 4.86% | 6.16% |
| Bruceville | 3.10% | 3.60% | 4.25% | 5.11% | 6.19% |
| China Spring | 2.90% | 3.54% | 4.01% | 4.67% | 5.89% |
| Crawford | 2.90% | 3.60% | 4.09% | 4.77% | 6.00% |
| Eddy | 3.00% | 3.60% | 4.26% | 5.36% | 6.26% |
| Elm Mott | 2.90% | 3.63% | 4.13% | 5.22% | 6.19% |
| Hewitt | 2.90% | 3.48% | 4.03% | 4.85% | 6.07% |
| Lorena | 2.90% | 3.14% | 3.87% | 4.45% | 5.25% |
| Mart | 2.90% | 3.60% | 4.25% | 5.30% | 6.20% |
| Mc Gregor | 2.90% | 3.45% | 3.95% | 4.60% | 5.88% |
| Moody | 2.90% | 3.55% | 4.10% | 4.75% | 6.07% |
| Riesel | 3.00% | 3.60% | 4.20% | 4.93% | 6.18% |
| Robinson | 2.90% | 3.48% | 4.02% | 4.75% | 6.07% |
| Valley Mills | 2.90% | 3.51% | 3.94% | 4.48% | 5.70% |
| Waco | 2.90% | 3.50% | 4.08% | 4.84% | 6.10% |
| West | 2.90% | 3.57% | 4.08% | 4.93% | 6.17% |
| Woodway | 2.90% | 3.30% | 3.93% | 4.60% | 5.86% |
Housing Expenses in McLennan County, Texas
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