Hunt, Texas Property Taxes
The median property tax rate in Hunt, TX is 1.07%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Hunt at $451,192, the typical annual property tax bill reaches $4,084, significantly exceeding the national median of $2,690. Property taxes in Hunt 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 Hunt'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 Hunt 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
Hunt, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$4,828
$4,467
Ownwell’s HUNT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HUNT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HUNT 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 Hunt, Texas
Property taxes in Hunt, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hunt is 1.07%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hunt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hunt 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 Hunt's effective property tax rate to other counties in Texas and the national median. For comparison, the 78024 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Hunt provides valuable insights into the varying tax landscape across Kerr County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hunt Tax Rate
1.07%
Average Kerr County Tax Rate
1.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hunt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78024 | 0.48% | 0.80% | 1.07% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Hunt, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hunt, Texas. The market value represents the price a willing buyer would pay a willing seller in an open market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Kerr 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 Hunt, 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. The highest median tax bill in Hunt is $4,084 in the 78024 zip code, which is also the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hunt Assessed Value
$451,192
Average Kerr County Assessed Value
$241,957
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hunt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78024 | $117,148 | $246,150 | $451,192 | $693,158 | $1,310,303 |
Source: Ownwell
Property Tax Bills Across Hunt, Texas
Property tax bills in Hunt, located in Kerr County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in Hunt experience varying tax bills, with the 25th percentile paying around $2,163 and the 75th percentile paying up to $6,842 annually. The 90th percentile sees tax bills as high as $12,354. Several factors influence the tax bill, including property size, location, and market conditions. The local tax rate applied to the assessed value determines the final amount owed. For comparison, the national median property tax rate is 0.99%, providing a benchmark to understand local tax burdens better. Homeowners in Hunt, TX, must plan for these expenses as they significantly impact annual budgets. High property taxes can affect affordability and long-term financial planning, making it crucial for homeowners to stay informed about their property assessments and tax obligations.
Average Hunt Tax Bill
$4,084
Average Kerr County Tax Bill
$2,815
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hunt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78024 | $862 | $2,163 | $4,084 | $6,842 | $12,354 |
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 | |
|---|---|
| Kerr Appraisal District | |
| Website | esearch.kerrcad.org |