Hewitt, Texas Property Taxes
The median property tax rate in Hewitt, 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 Hewitt, the typical annual property tax bill reaches $5,059, exceeding the national median of $2,690. Property taxes in Hewitt 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 Hewitt'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 Hewitt 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
Hewitt, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.77%
Estimate Property Tax Bill
$5,159
$4,773
$1,148
Average Hewitt, Texas Tax Savings
Ownwell’s Hewitt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hewitt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hewitt 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 Hewitt. 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 Hewitt, Texas
Property taxes in Hewitt, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hewitt is 1.77%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hewitt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hewitt 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 Hewitt's effective property tax rate to other counties in Texas and the national median. For comparison, the 76643 zip code has the highest median property tax rate of 1.77%, while the same zip code also has the lowest median tax rate of 1.77%. Understanding how these cities compare with Hewitt provides valuable insights into the varying tax landscape across McLennan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hewitt Tax Rate
1.77%
Average Mclennan County Tax Rate
1.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hewitt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76643 | 1.43% | 1.56% | 1.77% | 1.96% | 2.18% |
Source: Ownwell
$1,148
Average Hewitt Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hewitt, Texas
In Hewitt, 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 McLennan 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 Hewitt, 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 highest median tax bill in Hewitt is $5059 in the 76643 zip code, while the lowest is also $5059 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hewitt Assessed Value
$291,470
Average Mclennan County Assessed Value
$228,020
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hewitt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76643 | $203,430 | $252,175 | $291,470 | $349,762 | $423,064 |
Source: Ownwell
$1,148
Average Hewitt Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hewitt, Texas
In Hewitt, located in McLennan County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. With a median home price of $291,470, homeowners can expect varying tax bills. For instance, the 25th percentile tax bill is around $4,207, while the 75th percentile reaches $6,130, and the 90th percentile can climb to $7,456. These figures are influenced by factors such as property size, location, and any improvements made. Homeowners in Hewitt face property tax rates that can significantly impact their annual expenses. Given that the national median property tax rate is 0.99%, understanding how to manage these costs is crucial. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially lower their assessed values and, consequently, their tax bills. By leveraging local knowledge and a deep understanding of tax regulations, Ownwell can assist in securing substantial savings, ensuring homeowners in Hewitt pay only their fair share.
Average Hewitt Tax Bill
$5,059
Average Mclennan County Tax Bill
$3,809
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hewitt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76643 | $3,509 | $4,207 | $5,059 | $6,130 | $7,456 |
Source: Ownwell
$1,148
Average Hewitt 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 | |
|---|---|
| Mclennan Appraisal District | |
| Phone | (254) 752-9864 |
| Website | esearch.mclennancad.org |
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