Sulphur Bluff, Texas Property Taxes
The median property tax rate in Sulphur Bluff, TX is 1.00%, slightly above the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $213,780 in Sulphur Bluff, the typical annual property tax bill is around $1,648, which is below the national median of $2,690. Property taxes in Sulphur Bluff are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural land. Understanding the property tax system in Sulphur Bluff, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Sulphur Bluff or another part of Hopkins County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sulphur Bluff, 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 Sulphur Bluff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sulphur Bluff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sulphur Bluff 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 Sulphur Bluff, Texas
Property taxes in Sulphur Bluff, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sulphur Bluff is 1.00%, higher than both the Texas state median of 0.81% and the U.S. national median of 0.99%. Local government entities within Sulphur Bluff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sulphur Bluff 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 Sulphur Bluff's effective property tax rate to other counties in Texas and the national median. For comparison, the 75481 zip code has the highest median property tax rate of 1.00%, while the same zip code also has the lowest median tax rate of 1.00%. Understanding how these cities compare with Sulphur Bluff provides valuable insights into the varying tax landscape across Hopkins County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sulphur Bluff Tax Rate
1.00%
Average Hopkins County Tax Rate
1.66%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sulphur Bluff, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75481 | 0.19% | 0.48% | 1.00% | 1.53% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Sulphur Bluff, Texas
In Sulphur Bluff, 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 Hopkins 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 Sulphur Bluff, 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 Sulphur Bluff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,648 in zip code 75481, with tax bills ranging from $903 at the 25th percentile to $3,686 at the 90th percentile.
Average Sulphur Bluff Assessed Value
$213,780
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 Sulphur Bluff, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75481 | $41,660 | $102,750 | $213,780 | $426,570 | $815,140 |
Source: Ownwell
Property Tax Bills Across Sulphur Bluff, Texas
In Sulphur Bluff, located in Hopkins County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in this area face a property tax rate that is influenced by various factors, including local government budgets, school district funding needs, and infrastructure projects. The median home price in Sulphur Bluff is $213,780, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $903, while the 75th percentile reaches $2,587, and the 90th percentile goes up to $3,686. This variation shows the impact of differing property values and tax rates within the community. The median tax bill in the zip code 75481 stands at $1,648, which is notably higher than the national median property tax rate of 0.99%. Homeowners in Sulphur Bluff must consider these property taxes as a significant part of their annual housing expenses, affecting overall affordability and long-term financial planning.
Average Sulphur Bluff Tax Bill
$1,648
Average Hopkins County Tax Bill
$1,733
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Sulphur Bluff, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75481 | $289 | $903 | $1,648 | $2,587 | $3,686 |
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 |