Hideaway, Texas Property Taxes
The median property tax rate in Hideaway, TX is 1.20%, 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 Hideaway at $340,094, the typical annual property tax bill reaches $4,188, surpassing the national median of $2,690. Property taxes in Hideaway are calculated based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Hideaway'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 Hideaway or another part of Smith County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hideaway, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$4,081
$3,776
$1,148
Average Hideaway, Texas Tax Savings
Ownwell’s Hideaway Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hideaway with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hideaway 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 Hideaway. 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 Hideaway, Texas
Property taxes in Hideaway, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hideaway is 1.20%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hideaway set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hideaway 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 Hideaway's effective property tax rate to other counties in Texas and the national median. For comparison, the 75771 zip code has the highest median property tax rate of 1.20%, while the 75771 zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Hideaway provides valuable insights into the varying tax landscape across Smith County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hideaway Tax Rate
1.20%
Average Smith County Tax Rate
1.53%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hideaway, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75771 | 1.06% | 1.11% | 1.20% | 1.49% | 1.49% |
Source: Ownwell
$1,148
Average Hideaway Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hideaway, Texas
In Hideaway, 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 Smith 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 Hideaway, 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 Hideaway is $340,094, with the 25th percentile tax bill at $3,201 and the 75th percentile tax bill at $5,892. The highest median tax bill in the area is $4,188 in the 75771 zip code, which also holds the lowest median tax bill at the same value. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hideaway Assessed Value
$340,094
Average Smith County Assessed Value
$202,951
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hideaway, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75771 | $207,085 | $267,204 | $340,094 | $462,057 | $626,120 |
Source: Ownwell
$1,148
Average Hideaway Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hideaway, Texas
Property tax bills in Hideaway, located in Smith County, TX, are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Various factors such as property size, location, and market trends are considered in this assessment. For instance, the median home price in Hideaway is $340,094. Property tax bills can vary significantly, with the 25th percentile at $3,201 and the 75th percentile at $5,892, while the 90th percentile reaches up to $7,961. Homeowners in Hideaway often face high property tax bills compared to the national median property tax rate of 0.99%. Ownwell can assist homeowners in reducing these bills by providing expert property tax appeal and exemption services. Our team reviews your property's assessed value, identifies discrepancies, and files appeals on your behalf, ensuring you pay only your fair share of property taxes. This can lead to substantial savings and financial relief for homeowners.
Average Hideaway Tax Bill
$4,188
Average Smith County Tax Bill
$2,997
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hideaway, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75771 | $2,475 | $3,201 | $4,188 | $5,892 | $7,961 |
Source: Ownwell
$1,148
Average Hideaway Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 22 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Smith Appraisal District | |
| Phone | (903) 510-8600 |
| Website | www.smithcad.org |
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