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Mclennan County, TX Property Tax Information
Search for free property tax records and learn about local tax rates and tax exemptions
Property Tax - Data & General Information
Start you property tax research on PropertyShark.com. You will find current property tax data on invidual properties, an overview of the property tax assessment process, tax rates, tax exemptions granted by different cities and local communities, property assessment value, and more.
Search Property Tax Records in Mclennan County, TX
Navigating our database of property tax records is done with ease. Just type in a single property address and a property report will be pulled up containg: property tax information, property ownership records, deeds, tax liens, and more. The section E1 on each property report will display all property tax data and information we have on the property in question.
Sample Property Tax Report for a Mclennan County, TX property
Property Tax
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The Texas Tax Code represents the main legal document regarding taxation in the State of Texas. Property taxes are determined at local levels, being used for paying services such as schools, hospitals, colleges and others. In Texas, taxable property includes two basic types of property: real property and business personal property. | |||||||||||||||||||||||||||||||||||||||||||||||||
| Market Value The McLennan County Appraisal District (McCAD) determines the appraised values, also known as market values for all taxable real property in McLennan County. Market value has been defined by The Supreme Court as the sale price of real estate as agreed upon between a willing buyer and willing seller, with neither being under duress to buy or sell. Properties are appraised at least once every three years, but they can be reappraised as often as every year if the market is active in that area. | |||||||||||||||||||||||||||||||||||||||||||||||||
| Improvement non-homesite value | + | $661,261 | |||||||||||||||||||||||||||||||||||||||||||||||
| Land non-homesite value | + | $138,739 | |||||||||||||||||||||||||||||||||||||||||||||||
| Total market value | = | $800,000 | |||||||||||||||||||||||||||||||||||||||||||||||
| Appraised Values The first step in the process of calculating taxes in McLennan County is determining the property's appraised value. This is determined by subtracting the agricultural/timber use value reduction, from the total market value. | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total market value | $800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Agricultural/timber use reduction value | - | $0 | |||||||||||||||||||||||||||||||||||||||||||||||
| Appraised value | = | $800,000 | |||||||||||||||||||||||||||||||||||||||||||||||
| Assessed Values The second step is determining the property's assessed value. This will represent the foundation upon which taxing authorities determine the amount of real estate taxes to be paid. The assessed values can decrease or increase. In the case of residential homesteads, the increase is limited to a maximum of 10% per assessment - the so called homestead cap value. So if this is the case, the assessed value is obtained by subtracting the homestead cap loss value from the appraised value. | |||||||||||||||||||||||||||||||||||||||||||||||||
| Appraised value | $800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
| HS cap reduction value | - | $0 | |||||||||||||||||||||||||||||||||||||||||||||||
| Assessed value | = | $800,000 | |||||||||||||||||||||||||||||||||||||||||||||||
| Property tax Property tax is calculated by multiplying taxable value by the applicable tax rates. A wide variety of property tax exemptions are available in McLennan County, which may lower the property's tax bill. These are deducted from the assessed value to give the property's taxable value. | |||||||||||||||||||||||||||||||||||||||||||||||||
| Tax description | Assessed Value | Exemption | Taxable value | Tax Rate | Tax Amount | ||||||||||||||||||||||||||||||||||||||||||||
| Waco Isd | $800,000 | $0 | $800,000 | x | 1.364750% | = | $10,918.00 | ||||||||||||||||||||||||||||||||||||||||||
| Waco, City Of | $800,000 | $0 | $800,000 | x | 0.786232% | = | $6,289.86 | ||||||||||||||||||||||||||||||||||||||||||
| Mclennan Community College | $800,000 | $0 | $800,000 | x | 0.156306% | = | $1,250.45 | ||||||||||||||||||||||||||||||||||||||||||
| Mclennan County | $800,000 | $0 | $800,000 | x | 0.442710% | = | $3,541.68 | ||||||||||||||||||||||||||||||||||||||||||
| Mclennan County Farm To Market | $800,000 | $0 | $800,000 | x | 0.021548% | = | $172.38 | ||||||||||||||||||||||||||||||||||||||||||
| Mclennan Cad | $800,000 | $0 | $800,000 | x | 0.000000% | = | $0.00 | ||||||||||||||||||||||||||||||||||||||||||
| Current tax (estimated) | = | $22,172.37 | |||||||||||||||||||||||||||||||||||||||||||||||
| Base tax (estimated) | $800,000 | x | 2.7715% | = | $22,172.37 | ||||||||||||||||||||||||||||||||||||||||||||
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For more information please visit the web pages of McLennan County's Central Appraisal District and Tax Office or look up this property's current tax situation here. Additional information regarding property taxation in McLennan County can be found in this FAQ section. |
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