Star, Mills County, Texas Property Taxes

Local government entities in STAR, TX, set property tax rates, which can vary significantly within the state. This variation is due to each county, including Mills County, estimating its annual budget to fund essential services. The county then divides this budget by the total value of all taxable properties within its jurisdiction to determine the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the fundamental process followed each year.

In STAR, the effective property tax rate can be compared to other cities in Texas and the national median property tax rate. Texas has a median property tax rate of 1.50%, which is higher than the national median of 1.02%. This means that property owners in STAR may face higher tax bills compared to the national average. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively. By comparing STAR's rate to other regions, property owners can gain insights into how local tax rates impact their financial responsibilities.

In STAR, located in Mills County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is generally a percentage of the market value, which is the estimated selling price of the property. For homeowners in STAR, the tax bill varies significantly. The 25th percentile tax bill is $35, while the 75th percentile reaches $966, and the 90th percentile climbs to $1,252. These figures highlight the variability in tax responsibilities, influenced by factors such as home value and applicable exemptions.

Compared to the national median property tax bill of $2,400, many STAR homeowners pay less. However, even lower tax bills can be a financial burden. Ownwell assists homeowners by reviewing their property tax assessments to identify potential savings. Through expert analysis and appealing over-assessed values, Ownwell can help reduce tax liabilities, ensuring homeowners only pay their fair share. This service is crucial in maintaining financial stability and maximizing savings for STAR residents.