Hopkins County Property Taxes
The median property tax rate in Hopkins County is 1.66%, which is significantly higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With a median home value of $132,490, the typical annual property tax bill in Hopkins County is $1,733, which is notably less than the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural land. Understanding Hopkins County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Sulphur Springs or another part of Hopkins County, gaining a comprehensive knowledge of local property taxes is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Hopkins County 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 Hopkins County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hopkins County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hopkins County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Hopkins County, Texas
Property taxes in Hopkins County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hopkins County is 1.66%, which is higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Hopkins County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hopkins County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Campbell has one of the higher property tax rates in Texas at 1.91%, while the city of Sulphur Bluff boasts one of the lowest at 1.00%. Analyzing how Hopkins County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hopkins County Tax Rate
1.66%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hopkins County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brashear | 0.36% | 0.83% | 1.33% | 1.66% | 1.72% |
| Campbell | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% |
| Como | 0.34% | 0.85% | 1.34% | 1.44% | 1.67% |
| Cumby | 0.36% | 0.95% | 1.68% | 1.91% | 2.31% |
| Dike | 0.26% | 0.62% | 1.10% | 1.53% | 1.66% |
| Emory | 0.60% | 1.08% | 1.65% | 1.66% | 1.66% |
| Lone Oak | 0.40% | 0.85% | 1.53% | 1.72% | 1.72% |
| Pickton | 0.20% | 0.56% | 1.06% | 1.34% | 1.34% |
| Point | 0.16% | 0.69% | 1.38% | 1.72% | 1.72% |
| Saltillo | 0.30% | 0.58% | 1.07% | 1.34% | 1.34% |
| Sulphur Bluff | 0.19% | 0.48% | 1.00% | 1.53% | 1.53% |
| Sulphur Springs | 0.72% | 1.34% | 1.66% | 2.10% | 2.10% |
| Winnsboro | 0.27% | 0.68% | 1.24% | 1.45% | 1.68% |
| Yantis | 0.32% | 0.76% | 1.34% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Hopkins County, Texas
In Hopkins County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Hopkins County Appraisal District. The assessed value, however, 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. Assessment notices in Hopkins County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Campbell has the highest median tax bill at $3,565, while Como has the lowest at $1,073. Being aware of these valuation processes in Hopkins County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Hopkins County Assessed Value
$132,490
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hopkins County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brashear | $31,747 | $68,872 | $150,275 | $304,268 | $507,430 |
| Campbell | $117,286 | $143,395 | $186,910 | $230,425 | $256,534 |
| Como | $14,427 | $39,870 | $110,055 | $232,045 | $445,286 |
| Cumby | $23,377 | $63,798 | $140,465 | $282,168 | $492,858 |
| Dike | $42,696 | $96,260 | $197,460 | $364,080 | $605,558 |
| Emory | $20,445 | $42,702 | $93,125 | $237,845 | $272,624 |
| Lone Oak | $30,081 | $87,480 | $185,355 | $342,842 | $567,240 |
| Pickton | $23,082 | $69,930 | $162,780 | $320,350 | $516,392 |
| Point | $42,930 | $89,085 | $153,590 | $280,762 | $391,650 |
| Saltillo | $17,772 | $57,208 | $144,535 | $336,020 | $633,605 |
| Sulphur Bluff | $41,660 | $102,750 | $213,780 | $426,570 | $815,140 |
| Sulphur Springs | $28,502 | $68,340 | $127,560 | $224,010 | $393,192 |
| Winnsboro | $24,772 | $69,005 | $183,330 | $320,895 | $497,112 |
| Yantis | $24,766 | $58,050 | $159,160 | $322,860 | $537,132 |
Source: Ownwell
Property Tax Bills Across Hopkins County, Texas
In Hopkins County, TX, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Factors such as property size, location, and improvements contribute to this valuation. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Homeowners in Hopkins County experience a range of property tax bills. The 25th percentile tax bill is $776, while the 75th percentile reaches $3,037, and the 90th percentile can go up to $4,785. Comparatively, the national median property tax rate is 0.99%, indicating that local tax rates and property values significantly impact what homeowners pay. For instance, Campbell has the highest median tax bill at $3,565, whereas Como has the lowest at $1,073. These variations highlight the importance of understanding local tax assessments and their implications on annual financial obligations for homeowners.
Average Hopkins County Tax Bill
$1,733
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hopkins County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brashear | $320 | $720 | $1,582 | $2,823 | $4,477 |
| Campbell | $2,237 | $2,735 | $3,565 | $4,395 | $4,893 |
| Como | $175 | $374 | $1,073 | $2,061 | $3,352 |
| Cumby | $280 | $773 | $1,714 | $3,074 | $4,845 |
| Dike | $294 | $817 | $1,702 | $3,051 | $4,694 |
| Emory | $314 | $709 | $1,114 | $2,529 | $3,728 |
| Lone Oak | $454 | $895 | $2,081 | $3,512 | $4,310 |
| Pickton | $200 | $472 | $1,226 | $2,330 | $3,656 |
| Point | $354 | $723 | $1,366 | $2,187 | $3,183 |
| Saltillo | $172 | $431 | $1,178 | $2,248 | $3,861 |
| Sulphur Bluff | $289 | $903 | $1,648 | $2,587 | $3,686 |
| Sulphur Springs | $339 | $980 | $1,957 | $3,251 | $5,035 |
| Winnsboro | $240 | $619 | $1,458 | $2,883 | $4,806 |
| Yantis | $322 | $567 | $1,295 | $2,770 | $5,068 |
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 | |
|---|---|
| Hopkins Appraisal District | |
| Website | iswdataclient.azurewebsites.net |