Haskell, Texas Property Taxes
The median property tax rate in Haskell, TX is 2.03%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Haskell, the typical annual property tax bill reaches $1,235, which is below the national median of $2,690. Property taxes in Haskell 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 Haskell'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 Haskell 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
Haskell, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Haskell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Haskell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haskell 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 Haskell, Texas
Property taxes in Haskell, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Haskell is 2.03%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Haskell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Haskell 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 Haskell's effective property tax rate to other counties in Texas and the national median. For comparison, the 79521 zip code has the highest median property tax rate of 2.03%, while the 79521 zip code also has the lowest median tax rate of 2.03%. Understanding how these cities compare with Haskell provides valuable insights into the varying tax landscape across Haskell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Haskell Tax Rate
2.03%
Average Haskell County Tax Rate
1.85%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Haskell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79521 | 1.14% | 1.53% | 2.03% | 2.42% | 2.42% |
Source: Ownwell
Property Tax Assessment Values Across Haskell, Texas
In Haskell, 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 Haskell 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 Haskell, 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. For example, the median home price in Haskell is $67,755, with tax bills ranging from $548 at the 25th percentile to $2,300 at the 75th percentile, and up to $3,875 at the 90th percentile. The zip code 79521 has the highest median tax bill of $1,235. 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 Haskell Assessed Value
$67,755
Average Haskell County Assessed Value
$63,955
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Haskell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79521 | $12,136 | $31,498 | $67,755 | $124,632 | $222,918 |
Source: Ownwell
Property Tax Bills Across Haskell, Texas
In Haskell, TX, property tax bills are primarily calculated based on the assessed value of a home. The median home price in Haskell stands at $67,755. Property tax rates are applied to this assessed value to determine the annual tax bill. Various factors influence the assessed value, including the property's location, size, and condition. Additionally, local tax rates and any applicable exemptions play a crucial role. Homeowners in Haskell can expect a wide range in their tax bills. For instance, the tax bill at the 25th percentile is $548, while at the 75th percentile, it rises to $2,300. Those at the 90th percentile face a tax bill of $3,875. Compared to the national median property tax rate of 0.99%, Haskell's rates can lead to significant variations in annual costs for homeowners. Understanding these factors helps homeowners better anticipate their financial obligations and plan accordingly.
Average Haskell Tax Bill
$1,235
Average Haskell County Tax Bill
$952
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Haskell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79521 | $211 | $548 | $1,235 | $2,300 | $3,875 |
Source: Ownwell