Huffman, Texas Property Taxes
The median property tax rate in Huffman, TX is 0.94%, slightly below both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Huffman at $193,544, the typical annual property tax bill is $1,592, which is lower than the national median of $2,690. Property taxes in Huffman are calculated based on the tax assessed value, typically lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Huffman'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 Huffman 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
Huffman, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Huffman, Texas Tax Savings
Ownwell’s Huffman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huffman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huffman 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 Huffman. 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 Huffman, Texas
Property taxes in Huffman, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Huffman is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Huffman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huffman 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 Huffman's effective property tax rate to other counties in Texas and the national median. For comparison, the 77336 zip code has the highest median property tax rate of 0.94%, while the lowest median tax rate is also 0.94%. Understanding how these cities compare with Huffman 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 Huffman Tax Rate
0.94%
Average Harris County Tax Rate
1.78%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huffman, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77336 | 0.25% | 0.51% | 0.94% | 1.78% | 2.22% |
Source: Ownwell
$1,148
Average Huffman Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Huffman, Texas
In Huffman, 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. Assessment notices in Huffman 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. For example, the median home price in Huffman is $193,544, with tax bills ranging significantly. The 25th percentile tax bill is $620, while the 75th percentile tax bill is $2,934, and the 90th percentile tax bill reaches $4,972. The zip code with both the highest and lowest median tax bill in Huffman is 77336, with a median tax bill of $1,592. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Huffman Assessed Value
$193,544
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 Huffman, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77336 | $26,164 | $84,548 | $193,544 | $363,468 | $539,813 |
Source: Ownwell
$1,148
Average Huffman Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Huffman, Texas
In Huffman, Harris County, TX, property tax bills are calculated based on the assessed value of your home. This assessed value is determined by the Harris County Appraisal District and reflects the market value of your property. The tax rate is then applied to this assessed value to calculate your annual tax bill. For instance, with a median home price of $193,544, property tax bills can vary significantly. Homeowners in the 25th percentile pay around $620, while those in the 75th percentile might see bills as high as $2,934. At the 90th percentile, taxes can reach $4,972. These taxes can place a substantial financial burden on homeowners. Ownwell steps in to help by providing property tax appeal and exemption services, potentially lowering your assessed value and, consequently, your tax bill. Our expert consultants review your property details and market conditions to identify opportunities for savings, ensuring you don't overpay. With Ownwell, you can navigate the complexities of property taxes and secure the best possible outcome for your financial well-being.
Average Huffman Tax Bill
$1,592
Average Harris County Tax Bill
$4,078
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Huffman, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77336 | $216 | $620 | $1,592 | $2,934 | $4,972 |
Source: Ownwell
$1,148
Average Huffman 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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