Thicket, Texas Property Taxes
The median property tax rate in Thicket, TX is 1.03%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Thicket at $70,146, the typical annual property tax bill is $626, which is significantly below the national median of $2,690. Property taxes in Thicket are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Thicket'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 Thicket or another part of Hardin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Thicket, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$723
$668
Ownwell’s Thicket Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Thicket with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Thicket 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 Thicket, Texas
Property taxes in Thicket, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Thicket is 1.03%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Thicket set these rates annually, and they can vary significantly across different neighborhoods. Each year, Thicket 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 Thicket's effective property tax rate to other counties in Texas and the national median. For comparison, the 77376 zip code has the highest median property tax rate of 1.72%, while the 77374 zip code has the lowest median tax rate of 1.02%. Understanding how these cities compare with Thicket provides valuable insights into the varying tax landscape across Hardin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Thicket Tax Rate
1.03%
Average Hardin County Tax Rate
1.51%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Thicket, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77374 | 0.17% | 0.58% | 1.02% | 1.57% | 1.57% |
| 77376 | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Thicket, Texas
In Thicket, 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 Hardin 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 Thicket, 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. The highest median tax bill in Thicket is $668 in zip code 77376, while the lowest is $624 in zip code 77374. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Thicket Assessed Value
$70,146
Average Hardin County Assessed Value
$101,546
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Thicket, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77374 | $10,341 | $34,469 | $70,350 | $128,711 | $210,790 |
| 77376 | $38,894 | $38,894 | $38,894 | $38,894 | $38,894 |
Source: Ownwell
Property Tax Bills Across Thicket, Texas
In Thicket, located in Hardin County, TX, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the tax bill include the property's size, location, and condition, along with any applicable exemptions. For homeowners in Thicket, property taxes can significantly impact their financial planning. The median home price in Thicket is $70,146, and property tax bills can range widely. For instance, the 25th percentile tax bill is $192, while the 75th percentile reaches $1,210. At the 90th percentile, tax bills can be as high as $1,931. These variations highlight the importance of understanding local property tax rates and assessed values. Compared to the national median property tax rate of 0.99%, Thicket's rates can vary, emphasizing the need for homeowners to stay informed and proactive in managing their property taxes.
Average Thicket Tax Bill
$626
Average Hardin County Tax Bill
$1,156
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Thicket, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77374 | $47 | $191 | $624 | $1,212 | $1,941 |
| 77376 | $668 | $668 | $668 | $668 | $668 |
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 | |
|---|---|
| Hardin Appraisal District | |
| Website | esearch.hardin-cad.org |