Hart, Castro County, Texas Property Taxes
The median property tax rate in Hart, TX is 2.39%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Hart, the typical annual property tax bill reaches $755, which is significantly lower than the national median of $2,690. Property taxes in Hart 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 Hart'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 Hart 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
Hart, Castro County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.39%
Estimate Property Tax Bill
$787
$730
Ownwell’s HART Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HART with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HART 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 Hart, Castro County, Texas
Property taxes in HART, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in HART is 2.39%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within HART set these rates annually, and they can vary significantly across different neighborhoods. Each year, HART 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 HART's effective property tax rate to other counties in Texas and the national median. For comparison, the 79043 zip code has the highest median property tax rate of 2.39%, while the same zip code has the lowest median tax rate of 2.39%. Understanding how these cities compare with HART provides valuable insights into the varying tax landscape across Castro County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hart Tax Rate
2.39%
Average Castro County Tax Rate
2.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hart, Castro County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79043 | 1.94% | 2.39% | 2.39% | 2.39% | 2.39% |
Source: Ownwell
Property Tax Assessment Values Across Hart, Castro County, Texas
In HART, 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 Castro 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 HART, 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. For instance, the highest median tax bill in HART is $755.00 in zip code 79043. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Hart, Castro County, Texas
Source: Ownwell
$32,915
$68,988
$105,060
Average Hart Assessed Value
$32,915
Average Castro County Assessed Value
$49,105
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hart, Castro County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79043 | $9,230 | $19,228 | $32,915 | $54,632 | $97,495 |
Source: Ownwell
Property Tax Bills Across Hart, Castro County, Texas
In HART, Castro 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 and is a percentage of the market value of the property. For example, with a median home price of $32,915, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied by the local authorities. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value. Homeowners in HART experience a range of tax bills, with the 25th percentile at $448, the 75th percentile at $1,280, and the 90th percentile reaching up to $2,234. These figures highlight the variability in tax burdens based on property values and local tax rates. Compared to the national median property tax rate of 0.99%, the property tax obligations in HART can significantly impact homeowners' finances, emphasizing the importance of understanding local property tax assessments and rates.
Average Hart Tax Bill
$755
Average Castro County Tax Bill
$1,097
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hart, Castro County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79043 | $208 | $448 | $755 | $1,280 | $2,234 |
Source: Ownwell