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Valley Mills, Mclennan County, Texas Property Taxes

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Property Taxes in Valley Mills, Texas

  • Median Valley Mills, Texas effective property tax rate: 1.33%, significantly lower than the national median of 1.02%, and lower than the Texas state median of 1.48%.

  • Median Valley Mills, Texas home value: $354,890

  • Median annual Valley Mills, Texas tax bill: $4,078, higher than the national median property tax bill of $2,400.

How are property taxes in McLennan calculated?

Property taxes in Valley Mills, 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 Valley Mills's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Valley Mills, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Valley Mills, Mclennan County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.33%

Estimate Property Tax Bill

$4,720

$4,380

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Valley Mills Property Tax Calculator Work?

Use this Valley Mills property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Valley Mills' median effective tax rate of 1.33% — based on actual property records in McLennan 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 Valley Mills' 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 Valley Mills: rates range from 1.33% in 76689 to 1.33% in 76689, primarily due to differences in school district levies and local assessment districts. Valley Mills' median property tax bill of $4,078 is higher than the Texas median of $2,400 and higher than the national median property tax bill of $2,400.

If your estimate is higher than expected, Ownwell can appeal your Valley Mills assessment — you only pay if we save you money.

About Valley Mills Property Taxes

About Property Taxes in Valley Mills, McLennan, Texas

Valley Mills’s median effective property tax rate of 1.33% is lower than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the McLennan County base levy combined with local school district levies and Municipal Utility Districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Valley Mills. Homeowners in ZIP code 76689 carry a median effective rate of 1.33%, and the same rate applies across the city. Understanding where your home is located can still help you better evaluate your assessed value and annual tax bill.

Valley Mills 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 each year.

If your estimated bill above 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 Valley Mills, Mclennan 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 Valley Mills's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

Property Tax Rates Across Valley Mills, Mclennan County, Texas

Source: Ownwell

1.21%

1.73%

2.26%

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 Valley Mills Tax Rate

1.33%

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 Mclennan County Tax Rate

1.89%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Valley Mills, Mclennan County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
766890.89%1.08%1.33%1.38%1.47%

Source: Ownwell

Property Tax Assessment Values Across Valley Mills, Mclennan County, Texas

When examining property taxes in Valley Mills, 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 McLennan 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 McLennan County are sent in April each year. 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.

For example, the median home price in Valley Mills is $354,890, with tax bills ranging significantly across the county. Zip code 76689 has the highest median home price at $354,890.

Property Tax Assessment Values Across Valley Mills, Mclennan County, Texas

Source: Ownwell

$54,700

$222,830

$390,960

Median Valley Mills Market Value

$354,890

Median Mclennan County Market Value

$233,860

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

Property Tax Assessment Values Across Valley Mills, Mclennan County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76689$40,702$191,052$354,890$476,962$671,337

Source: Ownwell

Property Tax Bills Across Valley Mills, Mclennan County, Texas

Property tax bills in Valley Mills are calculated by multiplying a home’s assessed value by the local tax rate, then applying any exemptions or adjustments. The assessed value is based on the market value of the property, so changes in home prices can directly affect what homeowners owe. In McLennan County, the median home price is $354,890, and property tax bills can vary widely depending on the home and location. The 25th percentile tax bill is $2,061, while the 75th percentile is $6,107, and the 90th percentile reaches $7,928. That means many homeowners pay more than the $2,400 national median property tax bill, making it important to review assessments carefully.

Ownwell helps homeowners save by identifying opportunities to lower an unfair assessed value and filing property tax appeals on their behalf. If your home is over-assessed, you could be paying more than necessary every year. Ownwell can also help you find exemptions that may reduce your property tax bill and keep more money in your pocket.

Property Tax Bills Across Valley Mills, Mclennan County, Texas

Source: Ownwell

$789

$3,860

$6,931

Median Valley Mills Tax Bill

$4,078

Median Mclennan County Tax Bill

$4,115

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across Valley Mills, Mclennan County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76689$453$2,061$4,078$6,107$7,928

Source: Ownwell

Don't miss the deadline to protest!

Frequently Asked Property Tax Questions in Valley Mills, Texas

How are property taxes calculated in Valley Mills, Texas?
Property taxes in Valley Mills, Texas are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Valley Mills, Texas?
To appeal your property taxes in Valley Mills, Texas, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Valley Mills, Texas?
Common property tax exemptions in Valley Mills, Texas include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Valley Mills, Texas?
Property tax deadlines in Valley Mills, Texas vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Valley Mills, Texas?
Ownwell provides professional property tax appeal services in Valley Mills, Texas. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.