Harwood, Texas Property Taxes
The median property tax rate in Harwood, TX is 0.55%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Harwood, the typical annual property tax bill reaches $2,325, which is below the national median of $2,690. Property taxes in Harwood 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 Harwood'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 Harwood 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
Harwood, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$2,079
$1,929
Ownwell’s Harwood Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers aiming to estimate their annual property taxes in Harwood. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Harwood to provide an accurate estimate of your property tax bill. This valuable tool offers insight into your potential tax liabilities, helping you make informed decisions. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by Caldwell County, is used for property tax calculations and may include applicable exemptions. This makes the calculator an indispensable resource for anyone navigating property taxes in Harwood.
Property Tax Rates Across Harwood, Texas
Property taxes in Harwood, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harwood is 0.55%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Harwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harwood 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 Harwood's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 78632 has both the highest and lowest median property tax rate of 0.55%. Understanding how these cities compare with Harwood provides valuable insights into the varying tax landscape across Caldwell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harwood Tax Rate
0.55%
Average Caldwell County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harwood, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78632 | 0.15% | 0.30% | 0.55% | 1.06% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Harwood, Texas
In Harwood, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Caldwell 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 Harwood, 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 Harwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Harwood is $377,910, with the highest median tax bill found in zip code 78632 at $2,325.
Average Harwood Assessed Value
$377,910
Average Caldwell County Assessed Value
$238,560
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harwood, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78632 | $55,000 | $120,280 | $377,910 | $665,850 | $1,109,700 |
Source: Ownwell
Property Tax Bills Across Harwood, Texas
In Harwood, Caldwell County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of properties annually. Once the market value is established, the local tax rate, set by various taxing entities such as school districts and municipal governments, is applied to this value to calculate the tax bill. For homeowners in Harwood, the median home price is $377,910. Property tax bills can vary significantly, with the 25th percentile at $580 and the 75th percentile at $4,308. The 90th percentile tax bill can reach up to $6,888. These variations are influenced by factors such as property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Harwood's property tax rates can have a substantial impact on homeowners, making it essential for them to understand their assessments and explore potential exemptions to manage their tax liabilities effectively.
Average Harwood Tax Bill
$2,325
Average Caldwell County Tax Bill
$2,989
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Harwood, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78632 | $218 | $580 | $2,325 | $4,308 | $6,888 |
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 | |
|---|---|
| Caldwell Appraisal District | |
| Website | esearch.caldwellcad.org |