Waco, Mclennan County, Texas Property Taxes
Property Taxes in Waco, Texas
Median Waco, Texas effective property tax rate: 2.09%, significantly higher than the national median of 1.02%, and higher than the Texas state median of 1.48%.
Median Waco, Texas home value: $187,270
Median annual Waco, Texas tax bill: $3,563, higher than the national median property tax bill of $2,400.
How are property taxes in McLennan calculated?
Property taxes in Waco, 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 Waco's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waco, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Waco, Mclennan County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.09%
Estimate Property Tax Bill
$3,914
$3,632
$774
Average Annual Tax Savings
How Does the Waco Property Tax Calculator Work?
Use this Waco property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Waco's median effective tax rate of 2.09% — 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 Waco'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 Waco: rates range from $2,193 in 76704 to $6,078 in 76712, primarily due to differences in school district levies and local assessment districts. Waco's median tax bill of $3,563 is higher than the Texas median of $1,163 more than the state median tax bill and above the national median property tax rate of 1.02% and national median property tax bill of $2,400.
If your estimate is higher than expected, Ownwell can appeal your Waco assessment — you only pay if we save you money.
About Waco Property Taxes
About Property Taxes in Waco, McLennan, Texas
Waco’s median effective property tax rate of 2.09% is higher 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 Waco. Homeowners in the 76701 ZIP code carry a median effective rate of 2.26%, while those in 76705 pay 1.74%. This spread of 0.52 percentage points across the same city reflects how school district boundaries and local assessment districts are drawn across McLennan County.
Waco 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 Waco, 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 Waco'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 Waco Tax Rate
2.09%
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 Waco, Mclennan County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76701 | 1.69% | 2.26% | 2.26% | 2.26% | 2.26% |
| 76704 | 1.59% | 1.85% | 2.26% | 2.26% | 2.26% |
| 76705 | 1.09% | 1.28% | 1.74% | 2.05% | 2.05% |
| 76706 | 1.50% | 1.85% | 2.26% | 2.26% | 2.26% |
| 76707 | 1.41% | 1.71% | 2.26% | 2.26% | 2.26% |
| 76708 | 1.47% | 1.85% | 2.23% | 2.26% | 2.26% |
| 76710 | 1.80% | 1.99% | 2.26% | 2.26% | 2.26% |
| 76711 | 1.40% | 1.69% | 1.95% | 2.26% | 2.26% |
| 76712 | 1.79% | 1.95% | 2.13% | 2.14% | 2.14% |
Source: Ownwell
$774
Average Annual Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Assessment Values Across Waco, Mclennan County, Texas
When examining property taxes in Waco, 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, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of April.
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 Waco.
For example, the median home price in Waco is $187,270, with tax bills ranging significantly across the county. 76712 has the highest median home price at $303,080.
Property Tax Assessment Values Across Waco, Mclennan County, Texas
Source: Ownwell
$54,700
$222,830
$390,960
Median Waco Market Value
$187,270
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 Waco, Mclennan County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76701 | $115,015 | $175,608 | $247,552 | $374,500 | $508,630 |
| 76704 | $41,738 | $70,220 | $109,810 | $161,420 | $207,912 |
| 76705 | $31,000 | $93,220 | $175,400 | $254,410 | $352,054 |
| 76706 | $68,000 | $104,192 | $170,000 | $266,058 | $390,211 |
| 76707 | $83,415 | $116,510 | $151,145 | $194,055 | $252,381 |
| 76708 | $90,000 | $133,340 | $210,300 | $310,510 | $417,032 |
| 76710 | $150,000 | $193,815 | $249,034 | $325,128 | $486,191 |
| 76711 | $80,254 | $111,220 | $149,650 | $183,070 | $217,809 |
| 76712 | $220,000 | $258,490 | $303,080 | $352,455 | $419,000 |
Source: Ownwell
$774
Average Annual Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Bills Across Waco, Mclennan County, Texas
Property tax bills in Waco are based on the assessed value of a home and the local tax rates set by taxing authorities. When a property’s market value rises, the tax bill can increase too, even if the homeowner’s income does not change. With a median home price of $187,270, homeowners in Waco may see very different bills depending on location, neighborhood, and how their property is assessed.
The typical property tax bill in the area ranges from $2,274 at the 25th percentile to $5,476 at the 75th percentile, with the 90th percentile reaching $7,527. Some ZIP codes are especially costly, including 76712 with a highest median tax bill of $6,078, while 76704 has a lowest median tax bill of $2,193.
Ownwell helps homeowners lower their property tax bills by reviewing assessments, identifying overvaluation, and filing appeals when appropriate. By making sure your home is taxed fairly, Ownwell can help reduce what you owe and keep more money in your pocket.
Median Waco Tax Bill
$3,563
Median Mclennan County Tax Bill
$4,115
Median Texas Tax Bill
$3,441
Median United States Tax Bill
$2,400
Property Tax Bills Across Waco, Mclennan County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76701 | $2,055 | $3,526 | $5,451 | $8,309 | $11,430 |
| 76704 | $862 | $1,466 | $2,193 | $3,186 | $4,136 |
| 76705 | $484 | $1,462 | $2,784 | $4,136 | $5,700 |
| 76706 | $1,316 | $2,119 | $3,418 | $5,279 | $7,783 |
| 76707 | $1,651 | $2,178 | $2,932 | $3,870 | $5,188 |
| 76708 | $1,730 | $2,574 | $4,254 | $6,423 | $8,469 |
| 76710 | $3,137 | $4,040 | $5,225 | $6,880 | $10,332 |
| 76711 | $1,661 | $2,146 | $2,734 | $3,443 | $4,240 |
| 76712 | $4,459 | $5,071 | $6,078 | $7,290 | $8,638 |
Source: Ownwell
$774
Average Annual Tax Savings
Save on Your Property Taxes and More With Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | January 31 |
Links | |
|---|---|
| Mclennan Appraisal District | |
| Phone | (254) 752-9864 |
| Website | mclennancad.org |