Hungerford, Texas Property Taxes
The median property tax rate in Hungerford, TX is 1.61%, which is higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With a median home value of $42,632 in Hungerford, the typical annual property tax bill amounts to $611, considerably less than the national median of $2,690. Property taxes in Hungerford are calculated based on the assessed value of the property, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural land. Understanding Hungerford'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 Hungerford or another part of Wharton County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hungerford, 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 Hungerford Property Tax Bill Calculator aids homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Hungerford with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Hungerford to project your property tax bill. This valuable tool offers insight into possible tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by Wharton County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Hungerford, Texas
Property taxes in Hungerford, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hungerford is 1.61%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hungerford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hungerford 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 Hungerford's effective property tax rate to other counties in Texas and the national median. For comparison, the 77448 zip code, which includes Hungerford, has the highest median property tax rate of 1.61%, while the same zip code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with Hungerford provides valuable insights into the varying tax landscape across Wharton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hungerford Tax Rate
1.61%
Average Wharton County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hungerford, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77448 | 0.55% | 1.15% | 1.61% | 1.82% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Hungerford, Texas
In Hungerford, 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 Wharton 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 Hungerford 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. For instance, the median home price in Hungerford is $42,632, and the typical tax bill can range significantly, with the 25th percentile at $230 and the 75th percentile at $1,283. 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 Hungerford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hungerford Assessed Value
$42,632
Average Wharton County Assessed Value
$120,245
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hungerford, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77448 | $9,272 | $18,466 | $42,632 | $96,386 | $157,456 |
Source: Ownwell
Property Tax Bills Across Hungerford, Texas
In Hungerford, Wharton County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $42,632, homeowners can expect varying tax bills depending on the specific valuation and applicable exemptions. Factors such as property size, location, and improvements can influence the assessed value. In Hungerford, the tax bill ranges significantly, from the 25th percentile at $230 to the 75th percentile at $1,283, and up to the 90th percentile at $2,282. These figures highlight the variability in property tax obligations within the area. Compared to the national median property tax rate of 0.99%, Hungerford's rates can be seen as relatively moderate. However, the impact on homeowners can still be substantial, particularly for those at the higher end of the tax spectrum. Understanding these factors is crucial for homeowners to anticipate their annual financial obligations accurately.
Average Hungerford Tax Bill
$611
Average Wharton County Tax Bill
$1,730
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hungerford, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77448 | $71 | $230 | $611 | $1,283 | $2,282 |
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 | |
|---|---|
| Wharton Appraisal District | |
| Website | esearch.whartoncad.net |