Hempstead, Texas Property Taxes
The median property tax rate in Hempstead, TX is 1.91%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Hempstead, the typical annual property tax bill reaches $4,897, exceeding the national median of $2,690. Property taxes in Hempstead 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 Hempstead'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 Hempstead 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
Hempstead, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$7,492
$6,932
$1,148
Average Hempstead, Texas Tax Savings
Ownwell’s Hempstead Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hempstead with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hempstead to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Hempstead. 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 Hempstead, Texas
Property taxes in Hempstead, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hempstead is 1.91%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hempstead set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hempstead 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 Hempstead's effective property tax rate to other counties in Texas and the national median. For comparison, the 77445 zip code has the highest median property tax rate of 1.91%, while the 77445 zip code has the lowest median tax rate of 1.91%. Understanding how these cities compare with Hempstead provides valuable insights into the varying tax landscape across Harris County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hempstead Tax Rate
1.91%
Average Harris County Tax Rate
1.78%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hempstead, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77445 | 1.38% | 1.58% | 1.91% | 1.92% | 1.92% |
Source: Ownwell
$1,148
Average Hempstead Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hempstead, Texas
In Hempstead, 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 Harris 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 Hempstead, 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 median home price in Hempstead is $392,272, with tax bills ranging from $2,600 at the 25th percentile to $7,807 at the 90th percentile. Notably, the zip code 77445 has the highest and lowest median tax bill, both at $4,897. Being aware of these valuation processes in Hempstead helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hempstead Assessed Value
$392,272
Average Harris County Assessed Value
$240,543
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hempstead, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77445 | $91,038 | $204,001 | $392,272 | $419,429 | $435,723 |
Source: Ownwell
$1,148
Average Hempstead Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hempstead, Texas
In Hempstead, Harris County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. With a median home price of $392,272, the tax rate is applied to this assessed value to determine your annual tax bill. Factors such as property improvements, neighborhood developments, and market trends can influence your home's assessed value, resulting in variations in tax bills. For instance, homeowners in the 25th percentile can expect a tax bill around $2,600, while those in the 75th percentile might see bills as high as $6,716. The highest median tax bill in the area reaches $4,897. Ownwell can help homeowners in Hempstead save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it to market conditions, Ownwell identifies opportunities to reduce your tax burden. Our experienced consultants guide you through the appeal process, ensuring you receive the maximum savings possible.
Average Hempstead Tax Bill
$4,897
Average Harris County Tax Bill
$4,078
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hempstead, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77445 | $1,222 | $2,600 | $4,897 | $6,716 | $7,807 |
Source: Ownwell
$1,148
Average Hempstead Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 20 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Harris Appraisal District | |
| Phone | (713) 957-7800 |
| Website | hcad.org |
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