Evant, Texas Property Taxes
The median property tax rate in Evant, TX is 0.90%, 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 Evant at $176,370, the typical annual property tax bill amounts to $1,436, falling below the national median of $2,690. Property taxes in Evant are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Evant'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 Evant 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
Evant, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$1,587
$1,469
Ownwell’s Evant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Evant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Evant 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 Hamilton County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Evant, Texas
Property taxes in Evant, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Evant is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Evant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Evant 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 Evant's effective property tax rate to other counties in Texas and the national median. For comparison, the 76525 zip code has the highest median property tax rate of 0.90%, while the 76525 zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Evant 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 Evant Tax Rate
0.90%
Average Hamilton County Tax Rate
1.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Evant, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76525 | 0.15% | 0.34% | 0.90% | 1.18% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Evant, Texas
In Evant, 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 Hamilton 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 Evant, 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. For instance, the highest median tax bill in Evant is $1436 in the 76525 zip code. Awareness of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Evant Assessed Value
$176,370
Average Hamilton County Assessed Value
$161,420
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Evant, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76525 | $47,116 | $89,308 | $176,370 | $430,445 | $737,098 |
Source: Ownwell
Property Tax Bills Across Evant, Texas
In Evant, located in Hamilton County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. For homeowners, the median home price is $176,370. The assessed value is determined by the county appraisal district, which evaluates the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Homeowners in Evant can expect a wide range in their tax bills. The 25th percentile tax bill is $802, reflecting a lower-end assessment, while the 75th percentile tax bill reaches $2,128. For those at the higher end, the 90th percentile tax bill can go up to $3,113. These variations depend on factors such as property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, homeowners in Evant experience a diverse range of tax obligations, which can significantly impact their annual financial planning.
Average Evant Tax Bill
$1,436
Average Hamilton County Tax Bill
$1,640
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Evant, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76525 | $375 | $802 | $1,436 | $2,128 | $3,113 |
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 | |
|---|---|
| Hamilton Appraisal District | |
| Website | propaccess.trueautomation.com |