What is the property tax rate in Waco, TX?

Waco has an estimated effective property tax rate of 1.66%. On a median home valued at $199,600, homeowners pay approximately $3,318 per year in property taxes.

How does Waco compare to McLennan County?

Waco's effective rate of 1.66% is 17% higher than the McLennan County average of 1.42%. The county-wide median annual tax is $3,471, while Waco homeowners pay an estimated $3,318.

How much are property taxes in Waco on a $300,000 home?

Based on Waco's effective rate of 1.66%, property taxes on a $300,000 home would be approximately $4,980 per year, or about $415 per month.

Waco Property Tax Rate

McLennan County, Texas

1.66%effective rate

Waco is located in McLennan County, Texas. Homeowners in Waco pay a median of $3,318 per year in property taxes on a home valued at $199,600, resulting in an effective tax rate of 1.66%. This is 17% higher than the McLennan County average of 1.42%.

Effective Tax Rate🏠

1.66%

vs 1.42% county avg

Est. Annual Tax💰

$3,318

Per year

Median Home Value📊

$199,600

2024 estimate

Population📍

141,925

Waco, TX

How Waco Compares

Waco

1.66%

McLennan County Average

1.42%

Texas Average

1.49%

National Average

0.92%

About Property Taxes in Waco

Property taxes in Waco are collected by McLennan County. Tax exemptions available to McLennan County residents — including homestead, senior, and disability exemptions — also apply to homeowners in Waco. For detailed information on available exemptions and the county tax collector, see the McLennan County property tax page.

Property Tax Calculator

Estimate your annual property tax in Waco

Home Value

$50k$2M

Apply homestead exemption ($100,000 school tax reduction)

Estimated Annual Property Tax

$4,980

$415/month · Rate: 1.66%

McLennan County Property Taxes

County-level data, exemptions, historical trends, and tax collector info.

View county details →

Texas Property Taxes

Statewide rates, all 250 counties, and exemptions.

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Think your property tax is too high?

Homeowners save an average of $1,148/year by appealing their assessment.

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Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. City-level tax data is derived from Census place-level statistics. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.