Hutchins, Texas Property Taxes
The median property tax rate in Hutchins, TX is 1.55%, which is significantly higher than the national median of 0.99%, yet slightly below the Texas state median of 1.67%. With a median home value of $194,600 in Hutchins, the typical annual property tax bill amounts to $1,252, which is below the national median of $2,690. Property taxes in Hutchins are determined based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural use. Navigating Hutchins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Hutchins 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
Hutchins, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Hutchins, Texas Tax Savings
Ownwell’s Hutchins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hutchins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hutchins 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 Hutchins. 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 Hutchins, Texas
Property taxes in Hutchins, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hutchins is 1.55%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hutchins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hutchins 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 Hutchins' effective property tax rate to other counties in Texas and the national median. For comparison, the 75141 zip code has the highest median property tax rate of 1.55%, while the 75141 zip code has the lowest median tax rate of 1.55%. Understanding how these cities compare with Hutchins provides valuable insights into the varying tax landscape across Dallas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hutchins Tax Rate
1.55%
Average Dallas County Tax Rate
1.71%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hutchins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75141 | 0.23% | 0.63% | 1.55% | 2.28% | 2.42% |
Source: Ownwell
$1,148
Average Hutchins Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hutchins, Texas
In Hutchins, 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 Dallas 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 Hutchins, 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. The median home price in Hutchins is $194,600, and the typical property tax bill can vary significantly, with the 25th percentile at $297 and the 90th percentile reaching $5,090. 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 Hutchins helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hutchins Assessed Value
$194,600
Average Dallas County Assessed Value
$276,620
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hutchins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75141 | $3,360 | $32,180 | $194,600 | $264,135 | $314,006 |
Source: Ownwell
$1,148
Average Hutchins Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hutchins, Texas
In Hutchins, located in Dallas County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Hutchins is $194,600, and the property tax rate in Dallas County is competitive compared to the national median of 0.99%. For homeowners, this means that the tax bill can vary significantly depending on the assessed value of their property. For instance, the 25th percentile tax bill is $297, while the 75th percentile tax bill is $3,435. At the 90th percentile, homeowners could face a tax bill as high as $5,090. Ownwell specializes in helping homeowners reduce their property tax bills through appeal and exemption services. By analyzing your property's assessed value and comparing it against market data, Ownwell can identify discrepancies and file appeals on your behalf. This targeted approach can result in significant savings, ensuring you are not overpaying on your property taxes. Trust Ownwell to help you navigate the complexities of property tax assessments and keep more money in your pocket.
Average Hutchins Tax Bill
$1,252
Average Dallas County Tax Bill
$4,794
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hutchins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75141 | $72 | $297 | $1,252 | $3,435 | $5,090 |
Source: Ownwell
$1,148
Average Hutchins 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 | |
|---|---|
| Dallas Appraisal District | |
| Phone | (214) 631-0910 |
| Website | www.dallascad.org |
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