Hamshire, Texas Property Taxes
The median property tax rate in Hamshire, TX is 1.72%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Hamshire, the typical annual property tax bill reaches $2,050, which is below the national median of $2,690. Property taxes in Hamshire 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 Hamshire'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 Hamshire or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hamshire, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$2,208
$2,043
$1,148
Average Hamshire, Texas Tax Savings
Ownwell’s Hamshire Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hamshire with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hamshire 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 Hamshire. 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 Hamshire, Texas
Property taxes in Hamshire, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hamshire is 1.72%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hamshire set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hamshire 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 Hamshire's effective property tax rate to other counties in Texas and the national median. For comparison, the 77622 zip code has the highest median property tax rate of 1.72%, while the same zip code also has the lowest median tax rate of 1.72%. Understanding how these cities compare with Hamshire provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hamshire Tax Rate
1.72%
Average Jefferson County Tax Rate
2.24%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hamshire, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77622 | 1.09% | 1.45% | 1.72% | 2.02% | 2.08% |
Source: Ownwell
$1,148
Average Hamshire Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hamshire, Texas
In Hamshire, 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 Jefferson 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. Assessment notices in Hamshire 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 Hamshire helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median home price in the area is $128,376, with the highest and lowest median tax bills both at $2,050 in the 77622 zip code.
Average Hamshire Assessed Value
$128,376
Average Jefferson County Assessed Value
$130,101
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hamshire, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77622 | $12,850 | $29,320 | $128,376 | $250,152 | $323,314 |
Source: Ownwell
$1,148
Average Hamshire Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hamshire, Texas
In Hamshire, located in Jefferson County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Hamshire is $128,376. Property tax rates in this area can vary, but the national median property tax rate is 0.99%. Factors such as the home's market value, local tax rates, and applicable exemptions play significant roles in determining the final tax bill. For instance, tax bills in Hamshire range widely, from the 25th percentile at $556 to the 90th percentile at $5,469, with a median tax bill of $2,050 in the 77622 zip code. Homeowners in Hamshire can benefit from Ownwell's property tax appeal and exemption services. Ownwell's experts analyze property assessments to identify inaccuracies and potential savings. By appealing over-assessed property values and securing eligible exemptions, Ownwell helps homeowners reduce their property tax bills, ensuring they only pay their fair share. This service can be particularly valuable given the wide range of property tax bills in the area.
Average Hamshire Tax Bill
$2,050
Average Jefferson County Tax Bill
$2,803
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hamshire, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77622 | $191 | $556 | $2,050 | $3,980 | $5,469 |
Source: Ownwell
$1,148
Average Hamshire 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 | |
|---|---|
| Jefferson Appraisal District | |
| Website | esearch.jcad.org |
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