Howe, Texas Property Taxes
The median property tax rate in Howe, TX is 1.79%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Howe at $204,149, the typical annual property tax bill reaches $3,917, exceeding the national median of $2,690. Property taxes in Howe 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 Howe'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 Howe 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
Howe, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.79%
Estimate Property Tax Bill
$3,654
$3,381
$1,148
Average Howe, Texas Tax Savings
Ownwell’s Howe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Howe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Howe to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Howe. 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 Howe, Texas
Property taxes in Howe, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Howe is 1.79%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Howe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Howe 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 Howe's effective property tax rate to other counties in Texas and the national median. For comparison, the 75459 zip code has the highest median property tax rate of 1.79%, while the 75459 zip code also has the lowest median tax rate of 1.79%. Understanding how these cities compare with Howe provides valuable insights into the varying tax landscape across Grayson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Howe Tax Rate
1.79%
Average Grayson County Tax Rate
2.09%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Howe, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75459 | 0.36% | 1.44% | 1.79% | 2.35% | 2.69% |
Source: Ownwell
$1,148
Average Howe Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Howe, Texas
In Howe, 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 Grayson 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 Howe, 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. The median home price in Howe is $204,149, with tax bills ranging significantly. The 25th percentile tax bill is $1,675, while the 75th percentile tax bill reaches $6,069, and the 90th percentile tax bill is $7,787. The highest median tax bill is $3,917 in the zip code 75459, which is also the lowest median tax bill in the area. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Howe Assessed Value
$204,149
Average Grayson County Assessed Value
$177,813
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Howe, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75459 | $43,634 | $87,346 | $204,149 | $317,536 | $505,609 |
Source: Ownwell
$1,148
Average Howe Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Howe, Texas
In Howe, located in Grayson County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Howe is $204,149, with property tax bills ranging from $1,675 at the 25th percentile to $7,787 at the 90th percentile. The tax rate in Howe is influenced by various factors, including local government budgets and school district funding needs. Homeowners often face significant variability in their tax bills, making it challenging to predict annual costs. Ownwell can help homeowners in Howe save on their property tax bills by providing expert property tax appeal and exemption services. By thoroughly analyzing property assessments and identifying discrepancies or overvaluations, Ownwell ensures that homeowners are not overpaying. This can result in considerable savings, especially in areas like Howe, where property tax bills can be substantial. With Ownwell's assistance, homeowners can achieve a fairer tax bill, easing the financial burden associated with property ownership.
Average Howe Tax Bill
$3,917
Average Grayson County Tax Bill
$3,777
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Howe, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75459 | $358 | $1,675 | $3,917 | $6,069 | $7,787 |
Source: Ownwell
$1,148
Average Howe Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Grayson Appraisal District | |
| Website | esearch.graysonappraisal.org |
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