Skellytown, Texas Property Taxes
The median property tax rate in Skellytown, TX is 1.61%, considerably higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With the median home value in Skellytown at $51,510, the typical annual property tax bill reaches $584, which is significantly below the national median of $2,690. Property taxes in Skellytown 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 Skellytown'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 Skellytown 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
Skellytown, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$829
$767
Ownwell’s Skellytown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Skellytown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Skellytown 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 Skellytown, Texas
Property taxes in Skellytown, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Skellytown is 1.61%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Skellytown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Skellytown 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 Skellytown's effective property tax rate to other counties in Texas and the national median. For comparison, the 79080 zip code has the highest median property tax rate of 1.61%, while the same zip code has the lowest median tax rate of 1.61%. Understanding how these cities compare with Skellytown provides valuable insights into the varying tax landscape across Hutchinson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Skellytown Tax Rate
1.61%
Average Hutchinson County Tax Rate
2.19%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Skellytown, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79080 | 1.27% | 1.39% | 1.61% | 1.61% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Skellytown, Texas
In Skellytown, 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 Hutchinson 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 Skellytown, 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. The median home price in Skellytown is $51,510, and the property tax bills can vary significantly. For instance, the 25th percentile tax bill is $187, while the 75th percentile tax bill is $1,086. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Skellytown Assessed Value
$51,510
Average Hutchinson County Assessed Value
$60,035
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Skellytown, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79080 | $1,086 | $12,740 | $51,510 | $78,210 | $114,650 |
Source: Ownwell
Property Tax Bills Across Skellytown, Texas
In Skellytown, located in Hutchinson 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 reflects the market value of the property. For instance, the median home price in Skellytown is $51,510. The property tax rate is then applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Skellytown experience varying tax bills, with the 25th percentile paying around $187, while those in the 75th percentile face bills up to $1,086. The 90th percentile sees tax bills as high as $1,462. Comparatively, the national median property tax rate is 0.99%, which can help homeowners understand how their local taxes compare. High property taxes can affect homeowners by increasing their annual financial obligations, while lower taxes may provide some relief. Understanding these factors is crucial for effective financial planning.
Average Skellytown Tax Bill
$584
Average Hutchinson County Tax Bill
$1,285
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Skellytown, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79080 | $17 | $187 | $584 | $1,086 | $1,462 |
Source: Ownwell