Yantis, Texas Property Taxes
The median property tax rate in Yantis, TX is 1.34%, slightly above the national median of 0.99% but below the Texas state median of 1.67%. With a median home value of $159,160 in Yantis, the typical annual property tax bill is around $1,295, which is lower than the national median of $2,690. Property taxes in Yantis are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Yantis'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 Yantis or another part of Hopkins County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yantis, 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 Yantis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yantis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yantis 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 Yantis, Texas
Property taxes in Yantis, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yantis is 1.34%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Yantis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yantis 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 Yantis's effective property tax rate to other counties in Texas and the national median. For comparison, the 75497 zip code has the highest median property tax rate of 1.34%, while the same 75497 zip code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Yantis 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 Yantis Tax Rate
1.34%
Average Hopkins County Tax Rate
1.66%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yantis, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75497 | 0.32% | 0.76% | 1.34% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Yantis, Texas
In Yantis, 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 Yantis, 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 Yantis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Yantis is $159,160, with the highest and lowest median tax bills both recorded at $1,295 in zip code 75497.
Average Yantis Assessed Value
$159,160
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 Yantis, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75497 | $24,766 | $58,050 | $159,160 | $322,860 | $537,132 |
Source: Ownwell
Property Tax Bills Across Yantis, Texas
In Yantis, located in Hopkins 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 Yantis is $159,160. Homeowners can expect their property tax bill to vary significantly, with the 25th percentile paying around $567, while those in the 75th percentile might see bills as high as $2,770. The tax bill can reach up to $5,068 for homes in the 90th percentile. These tax bills are determined by multiplying the assessed value of the property by the local property tax rate, which is influenced by factors such as school district funding, local government budgets, and public services. Compared to the national median property tax rate of 0.99%, the rates in Yantis can result in varied tax obligations, impacting homeowners' annual expenses. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Yantis Tax Bill
$1,295
Average Hopkins County Tax Bill
$1,733
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Yantis, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75497 | $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 |