Huffman, Texas Property Taxes
The median property tax rate in Huffman, TX is 1.32%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Huffman at $231,550, the typical annual property tax bill reaches $3,424, surpassing the national median of $2,690. Property taxes in Huffman are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Huffman'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 Huffman 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
Huffman, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$3,056
$2,828
$1,148
Average Huffman, Texas Tax Savings
Ownwell’s Huffman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huffman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huffman 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 Huffman. 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 Huffman, Texas
Property taxes in Huffman, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Huffman is 1.32%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Huffman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huffman 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 Huffman's effective property tax rate to other counties in Texas and the national median. For comparison, the 77336 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Huffman provides valuable insights into the varying tax landscape across Liberty County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Huffman Tax Rate
1.32%
Average Liberty County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huffman, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77336 | 1.22% | 1.26% | 1.32% | 1.34% | 1.40% |
Source: Ownwell
$1,148
Average Huffman Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Huffman, Texas
In Huffman, 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 Liberty 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 Huffman, 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 Huffman is $231,550, with property tax bills ranging from $2,792 at the 25th percentile to $4,672 at the 90th percentile. Notably, the zip code 77336 has the highest and lowest median tax bill at $3,424. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Huffman Assessed Value
$231,550
Average Liberty County Assessed Value
$88,865
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Huffman, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77336 | $105,034 | $130,390 | $231,550 | $282,740 | $363,122 |
Source: Ownwell
$1,148
Average Huffman Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Huffman, Texas
In Huffman, TX, property tax bills are calculated based on the assessed value of a home. For example, with a median home price of $231,550, homeowners can expect property tax bills that vary widely. The tax bill at the 25th percentile is around $2,792, while at the 75th percentile, it rises to approximately $4,139. The top 10% of tax bills can reach up to $4,672. These figures are influenced by various factors, including the home's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Huffman's property tax rates can significantly impact homeowners' finances. This is where Ownwell comes in. By leveraging expert knowledge in property tax appeals and exemptions, Ownwell helps homeowners contest over-assessments and secure reductions in their tax bills. With Ownwell's assistance, homeowners in Huffman can save substantial amounts on their property taxes, ensuring they only pay their fair share.
Average Huffman Tax Bill
$3,424
Average Liberty County Tax Bill
$1,071
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Huffman, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77336 | $1,962 | $2,792 | $3,424 | $4,139 | $4,672 |
Source: Ownwell
$1,148
Average Huffman 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 | |
|---|---|
| Liberty Appraisal District | |
| Website | esearch.libertycad.com |
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