Happy, Castro County, Texas Property Taxes
Median Happy, TX effective property tax rate: 1.68%, significantly higher than the national median of 1.02%, but slightly higher than the Texas state median of 1.67%.
Median Happy, TX home value: $71,125
Median annual Happy, TX tax bill: $1,251, $1,149 lower than the national median property tax bill of $2,400.
How are property taxes in Castro calculated?
Property taxes in Happy, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding Happy’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Happy, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Happy, Castro County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.68%
Estimate Property Tax Bill
$1,195
$1,109
Property Tax Rates Across Happy, Castro County, Texas
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Happy’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Happy, located in Castro County, has an effective property tax rate of 1.68%, which is notably higher than the national median property tax rate of 1.02%. This places Happy among the cities with the highest property tax rates in the state. For property owners, this means that the property tax bills in Happy are likely to be significantly higher than the national median property tax bill of $2,400. Understanding these rates is crucial for property owners looking to manage their expenses and explore potential appeal or exemption opportunities.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Happy Tax Rate
1.68%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Castro County Tax Rate
2.39%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Happy, Castro County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79042 | 1.68% | 1.68% | 1.68% | 1.85% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Happy, Castro County, Texas
When examining property taxes in Happy, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Castro County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Castro County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Happy.
For example, the median home price in Happy is $71,125, with tax bills ranging significantly across the county. Zip code 79042 has the highest median home price at $71,125.
Property Tax Assessment Values Across Happy, Castro County, Texas
Source: Ownwell
$32,915
$68,988
$105,060
Median Happy Market Value
$71,125
Median Castro County Market Value
$49,105
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Happy, Castro County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79042 | $26,759 | $48,508 | $71,125 | $91,885 | $107,044 |
Source: Ownwell
Property Tax Bills Across Happy, Castro County, Texas
In Happy, Castro County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The median home price in Happy is $71,125, and the property tax rate is applied to this assessed value. Homeowners in Happy can expect a median property tax bill of approximately $1,251, which is below the national median of $2,400. Factors such as the property's location, size, and any improvements can influence the assessed value, leading to variations in tax bills. For instance, those in the 25th percentile might pay around $919, while those in the 90th percentile could see bills as high as $1,797.
Ownwell offers services that can help homeowners in Happy by appealing their property tax assessments, potentially leading to significant savings. By leveraging local market data and expertise in property tax laws, Ownwell can identify discrepancies in assessments and work to lower tax bills, ensuring homeowners only pay what is fair and accurate.
Median Happy Tax Bill
$1,251
Median Castro County Tax Bill
$1,097
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Happy, Castro County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79042 | $463 | $919 | $1,251 | $1,542 | $1,797 |
Source: Ownwell