Hermleigh, Texas Property Taxes
The median property tax rate in Hermleigh, TX is 0.85%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Hermleigh at $126,070, the typical annual property tax bill is $1,128, falling below the national median of $2,690. Property taxes in Hermleigh are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Hermleigh'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 Hermleigh 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
Hermleigh, 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 Hermleigh Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hermleigh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hermleigh 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 Hermleigh, Texas
Property taxes in Hermleigh, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hermleigh is 1.75%, significantly higher than both the Texas state median of 1.8% and the U.S. national median of 0.99%. Local government entities within Hermleigh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hermleigh 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 Hermleigh's effective property tax rate to other counties in Texas and the national median. For comparison, the 79526 zip code has the highest median property tax rate of 1.75%, while the same zip code also has the lowest median tax rate of 1.75%. Understanding how these cities compare with Hermleigh provides valuable insights into the varying tax landscape across Fisher County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hermleigh Tax Rate
0.85%
Average Fisher County Tax Rate
1.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hermleigh, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79526 | 0.51% | 0.68% | 0.85% | 1.24% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Hermleigh, Texas
In Hermleigh, 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 Fisher 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 Hermleigh, 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 Hermleigh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $1128 in zip code 79526, which is also the lowest median tax bill, highlighting a consistent tax landscape.
Average Hermleigh Assessed Value
$126,070
Average Fisher County Assessed Value
$68,150
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hermleigh, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79526 | $53,114 | $80,900 | $126,070 | $184,030 | $193,368 |
Source: Ownwell
Property Tax Bills Across Hermleigh, Texas
In Hermleigh, property tax bills are calculated based on the assessed value of a home, which is typically determined by the local county assessor. For a median home price of $126,070, the tax bill can vary significantly. Factors such as property location, local tax rates, and specific exemptions all play a role in determining the final amount owed. In Fisher County, the 25th percentile of tax bills is around $472, while the 75th percentile reaches up to $1,920, and the 90th percentile can be as high as $2,389. Comparatively, the median property tax rate in Hermleigh aligns closely with the national median rate of 0.99%. Homeowners in Hermleigh may find that their property tax bills can vary within these ranges, impacting their annual budget and financial planning. Understanding these factors can help homeowners better anticipate their property tax obligations and seek potential exemptions or appeals if they believe their assessed value is inaccurate.
Average Hermleigh Tax Bill
$1,128
Average Fisher County Tax Bill
$753
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hermleigh, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79526 | $282 | $472 | $1,128 | $1,920 | $2,389 |
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 | |
|---|---|
| Fisher Appraisal District | |
| Website | esearch.fishercad.org |