Shallowater, Texas Property Taxes
The median property tax rate in Shallowater, TX is 1.94%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Shallowater at $128,210, the typical annual property tax bill reaches $2,490, just below the national median of $2,690. Property taxes in Shallowater are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Shallowater'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 Shallowater 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
Shallowater, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.94%
Estimate Property Tax Bill
$2,487
$2,301
Ownwell’s Shallowater Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Shallowater using just two data points. By simply entering your property's estimated assessed value, the calculator applies the median tax rate in Shallowater to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and make informed financial decisions. For those interested in more granular data, you can scroll down to explore neighborhood-level trends. Your property’s assessed value is the value assigned by the county for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Shallowater, Texas
Property taxes in Shallowater, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shallowater is 1.94%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Shallowater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shallowater 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 Shallowater's effective property tax rate to other counties in Texas and the national median. For comparison, the 79363 zip code has the highest median property tax rate of 1.94%, while the 79363 zip code also has the lowest median tax rate of 1.94%. Understanding how these cities compare with Shallowater provides valuable insights into the varying tax landscape across Hockley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shallowater Tax Rate
1.94%
Average Hockley County Tax Rate
2.18%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shallowater, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79363 | 0.64% | 1.61% | 1.94% | 1.94% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Shallowater, Texas
In Shallowater, 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 Hockley 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 Shallowater, 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 Shallowater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $128,210, with tax bills ranging from $1,202 at the 25th percentile to $6,396 at the 90th percentile. The zip code 79363 has the highest median tax bill at $2,490.
Average Shallowater Assessed Value
$128,210
Average Hockley County Assessed Value
$75,980
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shallowater, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79363 | $62,088 | $108,210 | $128,210 | $210,990 | $342,338 |
Source: Ownwell
Property Tax Bills Across Shallowater, Texas
In Shallowater, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Shallowater is $128,210. To determine the tax bill, the assessed value is multiplied by the local tax rate. Property taxes in Shallowater can vary significantly, with the 25th percentile tax bill at $1,202 and the 75th percentile reaching $4,315. At the higher end, the 90th percentile tax bill is $6,396. Several factors influence the tax bill, including the property's location within Hockley County, any applicable exemptions, and the specific tax rates set by local taxing authorities. For homeowners, these taxes fund essential community services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, the tax rates in Shallowater can result in a wide range of tax bills, impacting homeowners differently based on their property's assessed value and applicable exemptions.
Average Shallowater Tax Bill
$2,490
Average Hockley County Tax Bill
$1,490
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Shallowater, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79363 | $379 | $1,202 | $2,490 | $4,315 | $6,396 |
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 | |
|---|---|
| Hockley Appraisal District | |
| Website | propaccess.trueautomation.com |