Property taxes in Mesquite, Texas, are determined by applying specific tax rates set by various taxing entities to your property's assessed value. For the 2023 tax year, the combined property tax rate in Mesquite is $1.78920 per $100 of assessed property value.
Understanding Mesquite Property Tax Rates
Your total property tax bill is a sum of taxes levied by different local government bodies. In Mesquite, the primary entities that collect property taxes include the City of Mesquite and the Mesquite Independent School District (ISD). Each entity sets its own tax rate, which contributes to the overall amount you pay.
Here's a breakdown of the 2023 property tax rates in Mesquite:
Taxing Entity | Tax Rate Per $100 Assessed Value |
---|---|
City of Mesquite | $0.69000 |
Mesquite ISD | $1.09920 |
Total Tax Rate | $1.78920 |
These rates are crucial for calculating your annual property tax liability. For more detailed information on tax rates, you can refer to the official City of Mesquite website.
How to Calculate Your Property Taxes
To determine the exact amount of property taxes you would pay in Mesquite, you need your property's assessed value. The formula is straightforward:
Property Tax = (Assessed Value / 100) × Total Tax Rate
Let's illustrate with an example:
- Example: If your home in Mesquite has an assessed value of $250,000, your estimated annual property taxes for 2023 would be calculated as follows:
- City of Mesquite Tax: ($250,000 / 100) × $0.69000 = $1,725.00
- Mesquite ISD Tax: ($250,000 / 100) × $1.09920 = $2,748.00
- Total Annual Property Tax: $1,725.00 + $2,748.00 = $4,473.00
It's important to note that this calculation does not include any potential homestead exemptions or other deductions you might qualify for, which can reduce your taxable value and, consequently, your tax bill. Property values are assessed annually by the Dallas Central Appraisal District or the Kaufman Central Appraisal District, depending on your property's location within Mesquite.