Fort Hancock, Texas Property Taxes
The median property tax rate in Fort Hancock, TX is 1.48%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $28,284 in Fort Hancock, the typical annual property tax bill amounts to $469, significantly below the national median of $2,690. Property taxes in Fort Hancock are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Fort Hancock'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 Fort Hancock 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
Fort Hancock, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Fort Hancock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Hancock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Hancock 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 Fort Hancock, Texas
Property taxes in Fort Hancock, Texas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Hancock is 1.48%, significantly higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Fort Hancock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Hancock 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 Fort Hancock's effective property tax rate to other counties in Texas and the national median. For comparison, the 79839 zip code has the highest median property tax rate of 1.48%, while the same 79839 zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Fort Hancock provides valuable insights into the varying tax landscape across Hudspeth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Hancock Tax Rate
1.48%
Average Hudspeth County Tax Rate
1.77%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Hancock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79839 | 1.48% | 1.48% | 1.48% | 1.93% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Fort Hancock, Texas
In Fort Hancock, 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 Hudspeth 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 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. For instance, the median home price in Fort Hancock is $28,284, with tax bills ranging from $246 at the 25th percentile to $1,188 at the 90th percentile. The zip code 79839 has both the highest and lowest median tax bill at $469. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fort Hancock Assessed Value
$28,284
Average Hudspeth County Assessed Value
$28,021
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Hancock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79839 | $9,260 | $15,912 | $28,284 | $49,130 | $73,626 |
Source: Ownwell
Property Tax Bills Across Fort Hancock, Texas
In Fort Hancock, TX, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in Fort Hancock is $28,284, which is significantly lower than the national median. The local tax rate is applied to this assessed value to calculate the tax bill. Factors such as property size, location, and any applicable exemptions are considered when assessing the value of a home. For example, the 25th percentile tax bill in Fort Hancock is $246, while the 75th percentile tax bill is $773, and the 90th percentile tax bill reaches $1,188. These variations reflect differences in property values and any exemptions homeowners might qualify for. For homeowners in Fort Hancock, these property tax bills can represent a significant portion of their annual expenses, especially when compared to the national median property tax rate of 0.99%. Understanding how these factors influence their tax bill can help homeowners manage their finances more effectively.
Average Fort Hancock Tax Bill
$469
Average Hudspeth County Tax Bill
$484
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Hancock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79839 | $152 | $246 | $469 | $773 | $1,188 |
Source: Ownwell