Hamilton, Texas Property Taxes
The median property tax rate in Hamilton, TX is 1.58%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Hamilton, the typical annual property tax bill reaches $7,852, far exceeding the national median of $2,690. Property taxes in Hamilton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hamilton'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 Hamilton 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
Hamilton, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$4,922
$4,554
Ownwell’s Hamilton Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Hamilton. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Hamilton to provide an accurate estimate of your property tax bill. This valuable insight helps you understand your potential tax liabilities, making financial planning easier. If you're interested in exploring trends at a more localized level, scroll down to find detailed neighborhood information. Remember, your property's assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Hamilton, Texas
Property taxes in Hamilton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hamilton is 1.81%, higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Hamilton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hamilton 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 Hamilton's effective property tax rate to other counties in Texas and the national median. For comparison, the 76531 zip code has the highest median property tax rate of 1.81%, while the 76531 zip code has the lowest median tax rate of 1.81%. Understanding how these cities compare with Hamilton provides valuable insights into the varying tax landscape across Hamilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hamilton Tax Rate
0.99%
Average Comanche County Tax Rate
1.49%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hamilton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76531 | 0.34% | 0.47% | 0.99% | 1.37% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Hamilton, Texas
In Hamilton, 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 Comanche 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 Hamilton, 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 Hamilton is $497,130, with tax bills ranging from $1,590 at the 25th percentile to $7,453 at the 90th percentile. The highest median tax bill in the area is $3,138, found in zip code 76531, which also has the lowest median tax bill. By understanding 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 Hamilton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hamilton Assessed Value
$497,130
Average Comanche County Assessed Value
$123,090
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hamilton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76531 | $106,912 | $106,937 | $497,130 | $1,329,345 | $2,101,917 |
Source: Ownwell
Property Tax Bills Across Hamilton, Texas
Property tax bills in Hamilton, located in Comanche County, TX, are determined based on the assessed value of a property. The assessed value is calculated by local tax assessors who evaluate the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Hamilton, the median home price is $497,130. Homeowners in the 25th percentile pay around $1,590 annually, while those in the 75th percentile see bills closer to $5,192. High-value properties in the 90th percentile can face tax bills as steep as $7,453. The national median property tax rate stands at 0.99%, which provides a benchmark for comparison. For Hamilton homeowners, understanding these factors is crucial as property taxes can significantly impact their annual expenses. High property taxes can affect affordability and long-term financial planning, making it essential for homeowners to stay informed about their assessed values and local tax rates.
Average Hamilton Tax Bill
$3,138
Average Comanche County Tax Bill
$1,545
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hamilton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76531 | $1,431 | $1,590 | $3,138 | $5,192 | $7,453 |
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 | |
|---|---|
| Comanche Appraisal District | |
| Website | esearch.comanchecad.org |