Cumby, Texas Property Taxes
The median property tax rate in Cumby, TX is 1.77%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Cumby at $110,340, the typical annual property tax bill reaches $1,293, which is lower than the national median of $2,690. Property taxes in Cumby 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 Cumby'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 Cumby or another part of Hunt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cumby, 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 Cumby, Texas Tax Savings
Ownwell’s Cumby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cumby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cumby 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 Cumby. 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 Cumby, Texas
Property taxes in Cumby, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cumby is 1.77%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Cumby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cumby 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 Cumby's effective property tax rate to other counties in Texas and the national median. For comparison, the 75433 zip code has the highest median property tax rate of 1.77%, while the lowest median tax rate is also 1.77%. Understanding how these cities compare with Cumby provides valuable insights into the varying tax landscape across Hunt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cumby Tax Rate
1.77%
Average Hunt County Tax Rate
1.69%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cumby, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75433 | 0.83% | 0.95% | 1.77% | 1.77% | 1.77% |
Source: Ownwell
$1,148
Average Cumby Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Cumby, Texas
In Cumby, 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 Hunt 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 Cumby, 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. Notably, the highest and lowest median tax bills in Cumby are both $1,293, found in the zip code 75433. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cumby Assessed Value
$110,340
Average Hunt County Assessed Value
$198,210
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cumby, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75433 | $19,044 | $56,720 | $110,340 | $280,250 | $477,314 |
Source: Ownwell
$1,148
Average Cumby Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Cumby, Texas
Property tax bills in Cumby, Hunt County, TX, are calculated based on the assessed value of a property and the local tax rate. The median home price in Cumby is $110,340, which serves as the basis for determining property taxes. The local tax rate is applied to this assessed value, resulting in a tax bill. For instance, homeowners in the 25th percentile pay around $749, while those in the 75th percentile face tax bills of up to $2,594. The highest median tax bill in the area is $1,293. Several factors influence the tax bill, including property size, location, and market conditions. High property taxes can strain homeowners, making it essential to seek ways to reduce these expenses. Ownwell specializes in property tax appeals and exemptions, helping homeowners lower their tax bills. By leveraging expert knowledge and local data, Ownwell can identify discrepancies in assessed values and secure significant savings, ensuring homeowners in Cumby pay only their fair share.
Average Cumby Tax Bill
$1,293
Average Hunt County Tax Bill
$3,228
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cumby, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75433 | $337 | $749 | $1,293 | $2,594 | $5,161 |
Source: Ownwell
$1,148
Average Cumby Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Hunt Appraisal District | |
| Website | esearch.hunt-cad.org |
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