Hughes Springs, Texas Property Taxes
The median property tax rate in Hughes Springs, TX is 1.39%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $115,355 in Hughes Springs, the typical annual property tax bill amounts to $1,578, falling below the national median of $2,690. Property taxes in Hughes Springs are calculated based on the tax assessed value, which often remains below the market value due to various exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Hughes Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hughes Springs or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hughes Springs, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$1,603
$1,484
Ownwell’s Hughes Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hughes Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hughes Springs 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 Hughes Springs, Texas
Property taxes in Hughes Springs, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hughes Springs is 1.39%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Hughes Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hughes Springs 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 Hughes Springs' effective property tax rate to other counties in Texas and the national median. For comparison, the 75656 zip code has the highest median property tax rate of 1.39%, while the 75656 zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Hughes Springs provides valuable insights into the varying tax landscape across Morris County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hughes Springs Tax Rate
1.39%
Average Morris County Tax Rate
1.82%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hughes Springs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75656 | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Hughes Springs, Texas
In Hughes Springs, 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 Morris 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 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 Hughes Springs 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 $1,578, found in zip code 75656.
Average Hughes Springs Assessed Value
$115,355
Average Morris County Assessed Value
$87,670
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hughes Springs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75656 | $46,900 | $71,912 | $115,355 | $156,872 | $219,243 |
Source: Ownwell
Property Tax Bills Across Hughes Springs, Texas
In Hughes Springs, located in Morris County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and is a percentage of the home's market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Hughes Springs, the median home price is $115,355. The tax bill can vary significantly depending on the assessed value and applicable exemptions. For instance, the 25th percentile tax bill is around $980, while the 75th percentile tax bill reaches $2,152, and the 90th percentile tax bill can go up to $3,038. Compared to the national median property tax rate of 0.99%, the property tax rates in Hughes Springs can result in a wide range of tax bills, affecting homeowners differently based on their property's assessed value and any eligible exemptions. The highest median tax bill in the area is $1,578, which falls within the zip code 75656.
Average Hughes Springs Tax Bill
$1,578
Average Morris County Tax Bill
$1,437
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hughes Springs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75656 | $639 | $980 | $1,578 | $2,152 | $3,038 |
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 | |
|---|---|
| Morris Appraisal District | |
| Website | search.morriscad.com |