Seven Points, Texas Property Taxes
The median property tax rate in Seven Points, TX is 1.51%, notably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Seven Points at $66,336, the typical annual property tax bill reaches $1,593, which is below the national median of $2,690. Property taxes in Seven Points are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural use. Understanding Seven Points' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Seven Points 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
Seven Points, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$1,002
$927
Ownwell’s SEVEN POINTS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SEVEN POINTS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SEVEN POINTS 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 Seven Points, Texas
Property taxes in Seven Points, Texas, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Seven Points is 1.51%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Seven Points set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seven Points 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 Seven Points' effective property tax rate to other counties in Texas and the national median. For comparison, the 75143 zip code has the highest median property tax rate of 1.51%, while the 75143 zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Seven Points provides valuable insights into the varying tax landscape across Henderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Seven Points Tax Rate
1.51%
Average Henderson County Tax Rate
1.40%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seven Points, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75143 | 0.37% | 0.64% | 1.51% | 1.77% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Seven Points, Texas
In Seven Points, 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 Henderson 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 Seven Points, 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 Seven Points helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Seven Points is $1593 in the 75143 zip code, while the lowest median tax bill is also $1593 in the same zip code.
Average Seven Points Assessed Value
$66,336
Average Henderson County Assessed Value
$139,776
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Seven Points, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75143 | $9,163 | $15,000 | $66,336 | $230,828 | $248,807 |
Source: Ownwell
Property Tax Bills Across Seven Points, Texas
In Seven Points, located in Henderson County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the market value of the property. For instance, with a median home price of $66,336, the tax bill can vary significantly. Homeowners in the 25th percentile can expect a tax bill of around $826, while those in the 75th percentile might see a bill closer to $3,871. At the 90th percentile, tax bills can reach up to $4,600. Several factors influence these amounts, including local tax rates and any applicable exemptions. The highest and lowest median tax bills in the area are both recorded at $1,593, which is relatively modest compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual expenses, ensuring they are better prepared for their financial obligations.
Average Seven Points Tax Bill
$1,593
Average Henderson County Tax Bill
$1,470
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Seven Points, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75143 | $191 | $826 | $1,593 | $3,871 | $4,600 |
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 | |
|---|---|
| Henderson Appraisal District | |
| Website | esearch.henderson-cad.org |