Hye, Texas Property Taxes
The median property tax rate in Hye, TX is 0.66%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $177,530 in Hye, the typical annual property tax bill amounts to $1,938, which is below the national median of $2,690. Property taxes in Hye are calculated based on the tax assessed value, generally lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Hye's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hye or another part of Blanco County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hye, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Hye, Texas Tax Savings
Ownwell’s Hye Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hye with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hye 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 Hye. 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 Hye, Texas
Property taxes in Hye, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hye is 0.66%, lower than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Hye set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hye 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 Hye's effective property tax rate to other counties in Texas and the national median. For comparison, the 78635 zip code has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Hye provides valuable insights into the varying tax landscape across Blanco County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hye Tax Rate
0.66%
Average Blanco County Tax Rate
1.08%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hye, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78635 | 0.29% | 0.37% | 0.66% | 1.49% | 1.51% |
Source: Ownwell
$1,148
Average Hye Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hye, Texas
In Hye, 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 Blanco 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 Hye, 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 Hye helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 78635 has the highest median tax bill at $1938, while the lowest median tax bill is also $1938, highlighting a consistent tax scenario in the area.
Average Hye Assessed Value
$177,530
Average Blanco County Assessed Value
$390,580
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hye, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78635 | $56,509 | $105,610 | $177,530 | $971,055 | $2,984,445 |
Source: Ownwell
$1,148
Average Hye Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hye, Texas
In Hye, Blanco County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $177,530, homeowners face a range of tax bills depending on their property's assessed value. For instance, those in the 25th percentile can expect a tax bill around $1,239, while those in the 75th percentile might see bills up to $2,900. At the 90th percentile, tax bills can soar to $6,848. The highest and lowest median tax bills in the area are both $1,938, highlighting a uniformity in tax assessments. Factors such as property size, location, and improvements influence these assessments, impacting homeowners significantly. With the national median property tax rate at 0.99%, Hye's figures may seem daunting. However, Ownwell can assist homeowners by identifying potential discrepancies in property assessments and applying for exemptions. This targeted approach ensures that homeowners pay only their fair share, potentially saving them substantial amounts on their property tax bills.
Average Hye Tax Bill
$1,938
Average Blanco County Tax Bill
$3,416
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hye, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78635 | $436 | $1,239 | $1,938 | $2,900 | $6,848 |
Source: Ownwell
$1,148
Average Hye Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 28 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Blanco Appraisal District | |
| Website | esearch.blancocad.com |
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