Munday, Knox County, Texas Property Taxes
Property Taxes in Munday, Texas
Median Munday, Texas effective property tax rate: 2.38%, significantly higher than the national median of 1.02%, and higher than the Texas state median of 1.48%.
Median Munday, Texas home value: $46,860
Median annual Munday, Texas tax bill: $1,120, lower than the national median property tax bill of $2,400.
How are property taxes in Knox calculated?
Property taxes in Munday, Texas 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 Munday's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Munday, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Munday, Knox County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.38%
Estimate Property Tax Bill
$1,115
$1,035
How Does the Munday Property Tax Calculator Work?
Use this Munday property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Munday's median effective tax rate of 2.38% — based on actual property records in Knox County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Munday's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Munday: rates range from 2.38% in 76371 to 2.38% in 76371, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Munday.
About Munday Property Taxes
About Property Taxes in Munday, Knox, Texas
Munday’s median effective property tax rate of 2.38% is higher than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Knox County base levy combined with local school district levies and other local taxing entities that can affect what homeowners pay.
Property tax rates are not uniform across Munday. Homeowners in the 76371 ZIP code carry a median effective rate of 2.38%, and the median tax bill is $1,120. Because school district boundaries and local assessment areas shape how taxes are calculated, knowing where your home sits in the city can make a meaningful difference.
Munday homeowners who believe their assessed value is too high can file a formal appeal with the local Appraisal District before the May 15, 2026 deadline.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Munday, Knox County, Texas
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Munday's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.
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 Munday Tax Rate
2.38%
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 Knox County Tax Rate
2.02%
Median Effective Texas Tax Rate
1.48%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Munday, Knox County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76371 | 1.50% | 1.94% | 2.38% | 2.56% | 3.59% |
Source: Ownwell
Property Tax Assessment Values Across Munday, Knox County, Texas
When examining property taxes in Munday, Texas, 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 Knox 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:
In Knox County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of May.
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 Munday.
For example, the median home price in Munday is $46,860, with tax bills ranging significantly across the county. 76371 has the highest median home price at $46,860.
Property Tax Assessment Values Across Munday, Knox County, Texas
Source: Ownwell
$32,300
$39,580
$46,860
Median Munday Market Value
$46,860
Median Knox County Market Value
$44,615
Median Texas Market Value
$258,851
Median United States Market Value
$235,294
Property Tax Assessment Values Across Munday, Knox County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76371 | $5,564 | $23,150 | $46,860 | $96,445 | $182,750 |
Source: Ownwell
Property Tax Bills Across Munday, Knox County, Texas
Property tax bills in Munday are calculated from the assessed value of a home and the local tax rate set by taxing authorities. When a property’s market value changes, the assessed value can change too, which affects the final bill. Homeowners with higher-valued homes generally pay more, while lower-valued homes usually pay less.
For Munday, the median home price is $46,860, and the median property tax bill is $1,120. That is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. Bills can still vary widely: the 25th percentile is $643, the 75th percentile is $1,940, and the 90th percentile is $2,879.
These differences show how property taxes can affect homeowners differently depending on home value and local assessment outcomes.
Median Munday Tax Bill
$1,120
Median Knox County Tax Bill
$918
Median Texas Tax Bill
$3,441
Median United States Tax Bill
$2,400
Property Tax Bills Across Munday, Knox County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76371 | $157 | $643 | $1,120 | $1,940 | $2,879 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
Links | |
|---|---|
| Knox Appraisal District | |
| Website | esearch.knoxcad.com |