Hooks, Texas Property Taxes
The median property tax rate in Hooks, TX is 1.74%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Hooks at $94,624, the typical annual property tax bill reaches $1,652, which is below the national median of $2,690. Property taxes in Hooks 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 Hooks' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hooks 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
Hooks, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$1,646
$1,523
Ownwell's Hooks Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hooks with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hooks 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 Hooks, Texas
Property taxes in Hooks, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hooks is 1.74%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hooks set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hooks 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 Hooks' effective property tax rate to other counties in Texas and the national median. For comparison, the 75561 zip code has the highest median property tax rate of 1.74%, while the 75561 zip code has the lowest median tax rate of 1.74%. Understanding how these cities compare with Hooks provides valuable insights into the varying tax landscape across Bowie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hooks Tax Rate
1.74%
Average Bowie County Tax Rate
1.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hooks, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75561 | 1.18% | 1.36% | 1.74% | 2.37% | 2.38% |
Source: Ownwell
Property Tax Assessment Values Across Hooks, Texas
In Hooks, 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 Bowie 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 Hooks, 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 Hooks helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hooks is $94,624, with the 25th percentile tax bill at $778 and the 75th percentile tax bill at $3,044. The highest and lowest median tax bills both stand at $1,652 in the 75561 zip code.
Average Hooks Assessed Value
$94,624
Average Bowie County Assessed Value
$119,330
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hooks, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75561 | $21,109 | $46,422 | $94,624 | $166,316 | $274,679 |
Source: Ownwell
Property Tax Bills Across Hooks, Texas
In Hooks, located in Bowie County, TX, property tax bills are calculated based on the assessed value of a home and the applicable property tax rate. The median home price in Hooks is $94,624. Homeowners can expect tax bills that vary significantly depending on the value of their property. For instance, those in the 25th percentile face a tax bill of approximately $778, while those in the 75th percentile pay around $3,044. At the 90th percentile, the tax bill can reach up to $4,470. These tax bills are influenced by several factors, including the home's assessed value, local tax rates, and any applicable exemptions. The highest median tax bill in the area is $1,652, which is notably higher than the national median property tax rate of 0.99%. This variance in tax bills can significantly impact homeowners, affecting their annual expenses and overall financial planning. Understanding these factors is crucial for homeowners in managing their property-related costs effectively.
Average Hooks Tax Bill
$1,652
Average Bowie County Tax Bill
$2,049
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hooks, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75561 | $333 | $778 | $1,652 | $3,044 | $4,470 |
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 | |
|---|---|
| Bowie Appraisal District | |
| Website | bowieappraisal.com |