Average Tax Assessment in Menard County
Real Estate Values and Property Tax Valuation in Menard County, Texas
Menard County has 1,075 properties with a cumulative value of $75.6M, representing 0.004% of all real estate value in Texas. The average property tax rate in Menard County is 1.89%, higher than the state average of 1.69%. A total of $1.4M was collected in property taxes in Menard County, with the average homeowner paying $1,359 in property taxes compared to the state average of $4,015. Property taxes are based on the assessed value of the property, which is determined by the local tax assessor.
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 | |
|---|---|
| Menard Appraisal District | (325) 396-4784 |
| TexasFile Clerk Records | - |
| Menard Recorder of Deeds | (217) 632-3201 |
| Menard Treasurer | (217) 632-2333 |
| 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 Menard County
Residential Property Taxes by Cities in Menard County
Menard County has an average property tax rate of 1.89%, which is slightly higher than the state average of 1.83%. This rate is applied to all properties in the county, regardless of location. However, the effective property tax rate in Menard County can vary significantly depending on the city. The city of Menard has the highest effective property tax rate in the county at 2.0%, while the city of Menard has the lowest effective property tax rate at 1.89%. This means that homeowners in Menard will pay slightly more in property taxes than those in other cities in the county.
Overall, Menard County has a relatively low property tax rate compared to other counties in the state. However, homeowners should be aware that the effective property tax rate can vary significantly depending on the city. Homeowners in Menard will pay slightly more in property taxes than those in other cities in the county. It is important to research the effective property tax rate in the city you are considering purchasing a home in to ensure you are getting the best deal.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Menard 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 |
|---|---|---|---|---|---|
| Menard | $8,960 | $23,050 | $42,900 | $76,992 | $130,513 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Menard County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Menard | $223 | $547 | $1,034 | $1,792 | $2,857 |
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 |
|---|---|---|---|---|---|
| Menard | 2.49% | 2.37% | 2.41% | 2.33% | 2.19% |
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Real Estate Values in Menard County
The data from Redfin indicates that there is no change in median home price in Menard County from October 2022 to October 2023. However, there is a decrease in home inventory from 2 in October 2022 to 1 in October 2023. This suggests that the housing market in Menard County is becoming more competitive, with fewer homes available for sale. This trend is consistent with the overall trend in Texas, where home prices have been steadily increasing over the past few years.
Average Home Value in Menard County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Menard County
Last updated: November 2023
Percent Change in New Home Listings in Menard County
Last updated: November 2023
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Mortgage Rates in Menard County
There are currently no outstanding loans in Menard County for home mortgages. This means that the total outstanding loan amount across home mortgages in Menard County is zero. The median mortgage rate in Menard County is not available, as there are no outstanding loans. However, the median mortgage rate in other counties can vary significantly. For example, the city with the highest median mortgage rate may have a rate that is much higher than the city with the lowest median mortgage rate.
The total outstanding loan amount across home mortgages in Menard County is zero, which means that the percentage to total home value is also zero. This is because there are no outstanding loans in Menard County. The variation in rates across counties can be significant, with the city with the highest median mortgage rate having a rate that is much higher than the city with the lowest median mortgage rate. This means that potential homebuyers should research the different mortgage rates in the area before making a decision.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Menard County by city.
We currently do not have this data but we are working to add this soon.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Menard County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Menard County, Texas
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