Hext, Texas Property Taxes
The median property tax rate in HEXT, TX is 0.41%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in HEXT at $263,861, the typical annual property tax bill reaches $1,074, well below the national median of $2,690. Property taxes in HEXT 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 HEXT'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 HEXT 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
Hext, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$1,082
$1,001
Ownwell’s Hext Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hext with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hext 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 Hext, Texas
Property taxes in HEXT, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in HEXT is 0.41%, significantly lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within HEXT set these rates annually, and they can vary significantly across different neighborhoods. Each year, HEXT 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 HEXT's effective property tax rate to other counties in Texas and the national median. For comparison, the 76848 zip code has both the highest and lowest median property tax rate of 0.41%. Understanding how these cities compare with HEXT provides valuable insights into the varying tax landscape across Mason, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hext Tax Rate
0.41%
Average Mason County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hext, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76848 | 0.41% | 0.41% | 0.41% | 0.41% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Hext, Texas
In Hext, 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 Mason 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 Hext, 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 Hext helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill in Hext is 76848, with a median tax bill of $1,074, while the lowest is also 76848, sharing the same value.
Average Hext Assessed Value
$263,861
Average Mason County Assessed Value
$221,377
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hext, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76848 | $263,861 | $263,861 | $263,861 | $263,861 | $263,861 |
Source: Ownwell
Property Tax Bills Across Hext, Texas
In HEXT, located in Mason County, TX, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county's appraisal district and reflects the market value of the home. For homeowners in HEXT, the median home price stands at $263,861. The property tax rate in this region is applied to the assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. In Mason County, the median property tax bill is $1,074, which is significantly lower than the national median property tax rate of 0.99%. This lower tax rate can be beneficial for homeowners, making HEXT an attractive place for property investment. The relatively consistent tax bills across various percentiles indicate a stable and predictable tax environment, providing homeowners with financial predictability.
Average Hext Tax Bill
$1,074
Average Mason County Tax Bill
$2,755
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hext, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76848 | $1,074 | $1,074 | $1,074 | $1,074 | $1,074 |
Source: Ownwell