Hamlin, Texas Property Taxes
The median property tax rate in Hamlin, TX is 0.64%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Hamlin at $139,090, the typical annual property tax bill amounts to $761, which is well below the national median of $2,690. Property taxes in Hamlin are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hamlin's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hamlin or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hamlin, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$890
$824
Ownwell’s Hamlin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hamlin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hamlin to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Hamlin, Texas
Property taxes in Hamlin, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hamlin is 0.64%, lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Hamlin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hamlin estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Hamlin's effective property tax rate to other counties in Texas and the national median. For comparison, the 79520 zip code has both the highest and lowest median property tax rate of 0.64%. Understanding how these cities compare with Hamlin provides valuable insights into the varying tax landscape across Fisher County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hamlin Tax Rate
0.64%
Average Fisher County Tax Rate
1.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hamlin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79520 | 0.42% | 0.52% | 0.64% | 0.76% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Hamlin, Texas
In Hamlin, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Fisher County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Hamlin, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The zip code with the highest and lowest median tax bill is 79520, with a median tax bill of $761. Being aware of these valuation processes in Hamlin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hamlin Assessed Value
$139,090
Average Fisher County Assessed Value
$68,150
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hamlin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79520 | $51,994 | $81,782 | $139,090 | $211,870 | $255,454 |
Source: Ownwell
Property Tax Bills Across Hamlin, Texas
In Hamlin, located in Fisher County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. For a median home price of $139,090, the tax rate is applied to this value to determine the annual property tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. In Hamlin, the 25th percentile tax bill is $376, while the 75th percentile tax bill reaches $1,356. For those at the 90th percentile, the tax bill can be as high as $1,678. These variations highlight how property characteristics and assessed values can significantly impact the amount homeowners owe. Comparatively, with a national median property tax rate of 0.99%, homeowners in Hamlin may find their tax obligations more manageable, depending on their property’s assessed value and the specific local tax rate applied. This can affect homeowners' budgeting and financial planning.
Average Hamlin Tax Bill
$761
Average Fisher County Tax Bill
$753
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hamlin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79520 | $238 | $376 | $761 | $1,356 | $1,678 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Fisher Appraisal District | |
| Website | esearch.fishercad.org |