Hillsboro, Texas Property Taxes
The median property tax rate in Hillsboro, TX is 2.23%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Hillsboro, the typical annual property tax bill reaches $2,207, slightly below the national median of $2,690. Property taxes in Hillsboro 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 Hillsboro'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 Hillsboro 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
Hillsboro, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Hillsboro, Texas Tax Savings
Ownwell’s Hillsboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hillsboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hillsboro 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 Hillsboro. 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 Hillsboro, Texas
Property taxes in Hillsboro, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hillsboro is 2.23%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hillsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hillsboro 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 Hillsboro's effective property tax rate to other counties in Texas and the national median. For comparison, the 76645 zip code has the highest median property tax rate of 2.23%, while the 76645 zip code has the lowest median tax rate of 2.23%. Understanding how these cities compare with Hillsboro provides valuable insights into the varying tax landscape across Hill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hillsboro Tax Rate
2.23%
Average Hill County Tax Rate
1.56%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hillsboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76645 | 1.29% | 1.69% | 2.23% | 2.46% | 2.46% |
Source: Ownwell
$1,148
Average Hillsboro Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hillsboro, Texas
In Hillsboro, 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 Hill 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 Hillsboro, 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. Being aware of these valuation processes in Hillsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Hillsboro is $2207, found in the 76645 zip code, while the lowest median tax bill is also $2207 in the same zip code.
Average Hillsboro Assessed Value
$115,640
Average Hill County Assessed Value
$116,870
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hillsboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76645 | $31,529 | $59,885 | $115,640 | $200,645 | $297,444 |
Source: Ownwell
$1,148
Average Hillsboro Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hillsboro, Texas
In Hillsboro, Hill 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 Hillsboro is $115,640, and the tax rate is applied to this value to determine the annual tax bill. Factors such as the property's location, market conditions, and any applicable exemptions also play a role in the final tax amount. For instance, homeowners in Hillsboro can expect tax bills ranging from $1,203 at the 25th percentile to $5,449 at the 90th percentile. High property taxes can significantly impact homeowners, making it crucial to ensure assessments are accurate. Ownwell helps homeowners in Hillsboro by providing property tax appeal and exemption services. By challenging over-assessments and identifying potential exemptions, Ownwell can help reduce your property tax bill, ensuring you pay only your fair share. With their expertise, homeowners can achieve substantial savings and gain peace of mind.
Average Hillsboro Tax Bill
$2,207
Average Hill County Tax Bill
$1,810
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hillsboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76645 | $599 | $1,203 | $2,207 | $3,852 | $5,449 |
Source: Ownwell
$1,148
Average Hillsboro 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 | |
|---|---|
| Hill Appraisal District | |
| Website | esearch.hillcad.org |
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