Hughes Springs, Texas Property Taxes
The median property tax rate in Hughes Springs, TX is 1.33%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $76,775, the typical annual property tax bill in Hughes Springs amounts to $1,120, which is below the national median of $2,690. Property taxes in Hughes Springs are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural use. Understanding Hughes Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hughes Springs 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
Hughes Springs, 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 Hughes Springs Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to 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 provide an estimate of your property tax bill. This valuable tool gives you a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
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 1.33%, 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's 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 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Hughes Springs provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hughes Springs Tax Rate
1.33%
Average Cass County Tax Rate
1.43%
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 | 1.03% | 1.33% | 1.33% | 1.80% | 1.80% |
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 Cass 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 Hughes Springs 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. The median home price in Hughes Springs is $76,775. The tax bills range significantly, with the 25th percentile at $530 and the 75th percentile at $1,786. The highest and lowest median tax bills are both $1,120, found in the zip code 75656. Being aware of these valuation processes helps identify opportunities for appealing assessments or applying for exemptions to effectively manage the tax burden.
Average Hughes Springs Assessed Value
$76,775
Average Cass County Assessed Value
$69,430
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 | $15,070 | $40,268 | $76,775 | $120,915 | $189,025 |
Source: Ownwell
Property Tax Bills Across Hughes Springs, Texas
In Hughes Springs, located in Cass County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $76,775, homeowners can expect their tax bills to vary significantly. The tax bill at the 25th percentile is approximately $530, while at the 75th percentile, it rises to around $1,786. For those in the 90th percentile, the tax bill can reach up to $2,593. These variations in tax bills are influenced by several factors, including property value assessments and specific tax rates applied by local taxing authorities. Compared to the national median property tax rate of 0.99%, Hughes Springs homeowners experience a range of tax burdens. Understanding these factors is crucial for homeowners as it directly impacts their annual financial planning and overall cost of homeownership.
Average Hughes Springs Tax Bill
$1,120
Average Cass County Tax Bill
$984
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 | $196 | $530 | $1,120 | $1,786 | $2,593 |
Source: Ownwell