Hilshire Village, Texas Property Taxes
The median property tax rate in Hilshire Village, TX is 1.73%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Hilshire Village, the typical annual property tax bill reaches $2,929, exceeding the national median of $2,690. Property taxes in Hilshire Village 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 Hilshire Village'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 Hilshire Village 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
Hilshire Village, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$2,783
$2,575
$1,148
Average Hilshire Village, Texas Tax Savings
Ownwell’s Hilshire Village Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hilshire Village with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hilshire Village 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 Hilshire Village. 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 Hilshire Village, Texas
Property taxes in Hilshire Village, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hilshire Village is 1.73%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hilshire Village set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hilshire Village 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 Hilshire Village's effective property tax rate to other counties in Texas and the national median. For comparison, the 77055 zip code has the highest median property tax rate of 1.73%, while the same zip code also has the lowest median tax rate of 1.73%. Understanding how these cities compare with Hilshire Village provides valuable insights into the varying tax landscape across Harris County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hilshire Village Tax Rate
1.73%
Average Brazoria County Tax Rate
1.96%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hilshire Village, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77055 | 1.70% | 1.71% | 1.73% | 1.77% | 1.80% |
Source: Ownwell
$1,148
Average Hilshire Village Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hilshire Village, Texas
In Hilshire Village, 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 Harris 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 Hilshire Village, 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 Hilshire Village helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 77055 has the highest and lowest median tax bill, both standing at $2,929.
Average Hilshire Village Assessed Value
$160,840
Average Brazoria County Assessed Value
$236,820
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hilshire Village, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77055 | $139,576 | $147,550 | $160,840 | $218,665 | $253,360 |
Source: Ownwell
$1,148
Average Hilshire Village Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hilshire Village, Texas
Property tax bills in Hilshire Village, Brazoria County, TX, are calculated based on the assessed value of a property and the applicable tax rate. The median home price in this area is $160,840, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, market conditions, and local government budgets can influence the assessed value. Homeowners in Hilshire Village typically see tax bills ranging from $2,624 at the 25th percentile to $4,342 at the 90th percentile, with a median tax bill of $2,929. High property taxes can put a significant financial strain on homeowners. Ownwell helps by providing property tax appeal and exemption services, ensuring that your property is assessed fairly and accurately. By leveraging local market data and expert knowledge, Ownwell can potentially lower your property tax bill, saving you money and reducing your financial burden. With Ownwell's assistance, homeowners can navigate the complexities of property tax assessments and secure the best possible outcome.
Average Hilshire Village Tax Bill
$2,929
Average Brazoria County Tax Bill
$4,022
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hilshire Village, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77055 | $2,442 | $2,624 | $2,929 | $3,812 | $4,342 |
Source: Ownwell
$1,148
Average Hilshire Village 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 | |
|---|---|
| Brazoria Appraisal District | |
| Website | esearch.brazoriacad.org |
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