Hereford, Castro County, Texas Property Taxes
Median Hereford, TX effective property tax rate: 1.95%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Hereford, TX home value: $49,100
Median annual Hereford, TX tax bill: $924, $1,476 lower than the national median property tax bill of $2,400.
How are property taxes in Castro County calculated?
Property taxes in Hereford, 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 Hereford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hereford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hereford, Castro County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.95%
Estimate Property Tax Bill
$957
$888
Property Tax Rates Across Hereford, Castro County, Texas
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 Hereford Tax Rate
1.95%
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 Hereford, Castro County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79045 | 1.59% | 1.83% | 1.95% | 1.95% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Hereford, Castro County, Texas
When examining property taxes in Hereford, 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 May. 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 Hereford.
For example, the median home price in Hereford is $49,100, with tax bills ranging significantly across the county. 79045 has the highest median home price at $49,100.
Property Tax Assessment Values Across Hereford, Castro County, Texas
Source: Ownwell
$32,915
$68,988
$105,060
Median Hereford Market Value
$49,100
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 Hereford, Castro County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79045 | $10,720 | $23,985 | $49,100 | $88,980 | $153,760 |
Source: Ownwell
Property Tax Bills Across Hereford, Castro County, Texas
In Hereford, property tax bills are calculated based on the assessed value of a property, which is determined by the local appraisal district. The assessed value is then multiplied by the local tax rate to determine the final tax bill. For homeowners in Castro County, the median property tax bill is $924, which is significantly lower than the national median of $2400. However, there is still a range in tax bills, with the 25th percentile at $433 and the 90th percentile at $2841, indicating variability based on property value and location within the county.
Factors such as property improvements, market conditions, and local government budgets can influence the assessed value and, subsequently, the tax bill. Homeowners may find these fluctuations challenging, but Ownwell can assist by providing expert guidance on property tax appeals and exemptions. By leveraging their knowledge of local tax codes and assessment practices, Ownwell helps homeowners potentially reduce their tax liabilities, ensuring they only pay their fair share.
Median Hereford Tax Bill
$924
Median Castro County Tax Bill
$1,097
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Hereford, Castro County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79045 | $192 | $433 | $924 | $1,663 | $2,841 |
Source: Ownwell