Littlefield, Texas Property Taxes
The median property tax rate in Littlefield, TX is 1.73%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Littlefield at $100,090, the typical annual property tax bill reaches $1,513, still below the national median of $2,690. Property taxes in Littlefield are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Littlefield'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 Littlefield 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
Littlefield, 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 Littlefield Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Littlefield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Littlefield to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more granular information, scrolling down reveals trends at the neighborhood level. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Littlefield, Texas
Property taxes in Littlefield, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Littlefield is 1.73%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Littlefield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Littlefield 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 Littlefield's effective property tax rate to other counties in Texas and the national median. For comparison, the 79339 zip code has the highest median property tax rate of 1.73%, while the 79339 zip code also has the lowest median tax rate of 1.73%. Understanding how these cities compare with Littlefield provides valuable insights into the varying tax landscape across Hockley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Littlefield Tax Rate
1.73%
Average Hockley County Tax Rate
2.18%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Littlefield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79339 | 1.28% | 1.63% | 1.73% | 1.74% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Littlefield, Texas
In Littlefield, 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 Hockley 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 Littlefield, 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 Littlefield is $100,090, with annual property tax bills ranging from $1,141 at the 25th percentile to $3,635 at the 90th percentile. The zip code 79339 has the highest and lowest median tax bill, both at $1,513. 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 Littlefield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Littlefield Assessed Value
$100,090
Average Hockley County Assessed Value
$75,980
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Littlefield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79339 | $47,493 | $71,800 | $100,090 | $156,735 | $210,053 |
Source: Ownwell
Property Tax Bills Across Littlefield, Texas
In Littlefield, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as changes in the real estate market, home improvements, and neighborhood developments can influence the assessed value of a property, thereby impacting the tax bill. For homeowners in Littlefield, the median home price is approximately $100,090. Property tax bills can vary significantly, with the 25th percentile at about $1,141 and the 75th percentile reaching up to $2,427. The 90th percentile sees tax bills as high as $3,635. Compared to the national median property tax rate of 0.99%, Littlefield's rates reflect the local economic conditions and property values. These property taxes play a crucial role in funding essential public services such as schools, infrastructure, and emergency services, directly affecting the quality of life for residents.
Average Littlefield Tax Bill
$1,513
Average Hockley County Tax Bill
$1,490
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Littlefield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79339 | $727 | $1,141 | $1,513 | $2,427 | $3,635 |
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 | |
|---|---|
| Hockley Appraisal District | |
| Website | propaccess.trueautomation.com |