Campbell, Texas Property Taxes
The median property tax rate in Campbell, 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 Campbell, the typical annual property tax bill reaches $3,565, exceeding the national median of $2,690. Property taxes in Campbell 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 Campbell'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 Campbell 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
Campbell, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$3,570
$3,303
Ownwell’s Campbell Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Campbell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Campbell to provide an estimated property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more localized trends, additional neighborhood-level information is available below. Your property’s assessed value is determined by the county for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Campbell, Texas
Property taxes in Campbell, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Campbell is 1.91%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Campbell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Campbell 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 Campbell's effective property tax rate to other counties in Texas and the national median. For comparison, the 75422 zip code has the highest median property tax rate of 1.91%, while the 75422 zip code has the lowest median tax rate of 1.91%. Understanding how these cities compare with Campbell provides valuable insights into the varying tax landscape across Hopkins County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Campbell Tax Rate
1.91%
Average Hopkins County Tax Rate
1.66%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Campbell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75422 | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Campbell, Texas
In Campbell, 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 Hopkins 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 Campbell, 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 Campbell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 75422 has the highest median tax bill at $3,565, which is significantly higher than the national median property tax rate of 0.99%.
Average Campbell Assessed Value
$186,910
Average Hopkins County Assessed Value
$132,490
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Campbell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75422 | $117,286 | $143,395 | $186,910 | $230,425 | $256,534 |
Source: Ownwell
Property Tax Bills Across Campbell, Texas
In Campbell, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the Hopkins County appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors influence the assessed value, including the home's market value, property improvements, and local real estate trends. For homeowners in Campbell, the median home price is $186,910. Property tax bills can vary significantly, with the 25th percentile at $2,735 and the 75th percentile at $4,395. Those in the 90th percentile may see tax bills as high as $4,893. These tax bills can have a substantial impact on homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Campbell's property tax rates reflect local economic conditions and public service funding needs. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Campbell Tax Bill
$3,565
Average Hopkins County Tax Bill
$1,733
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Campbell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75422 | $2,237 | $2,735 | $3,565 | $4,395 | $4,893 |
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 | |
|---|---|
| Hopkins Appraisal District | |
| Website | iswdataclient.azurewebsites.net |