Hickory Creek, Texas Property Taxes
The median property tax rate in Hickory Creek, TX is 1.45%, which is considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $522,922 in Hickory Creek, the typical annual property tax bill reaches $7,733, significantly exceeding the national median of $2,690. Property taxes in Hickory Creek 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 Hickory Creek'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 Hickory Creek 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
Hickory Creek, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$7,582
$7,016
$1,148
Average Hickory Creek, Texas Tax Savings
Ownwell’s Hickory Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hickory Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hickory Creek 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 Hickory Creek. 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 Hickory Creek, Texas
Property taxes in Hickory Creek, Texas, play a crucial role in funding indispensable local services such as public schools, road maintenance, and emergency services. The median tax rate in Hickory Creek is 1.45%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hickory Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hickory Creek 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 Hickory Creek's effective property tax rate to other counties in Texas and the national median. For comparison, the 75065 zip code has the highest median property tax rate of 1.45%, while the same zip code also represents the lowest median tax rate of 1.45%. Understanding how these cities compare with Hickory Creek provides valuable insights into the varying tax landscape across Denton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hickory Creek Tax Rate
1.45%
Average Denton County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hickory Creek, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75065 | 1.26% | 1.33% | 1.45% | 1.68% | 1.68% |
Source: Ownwell
$1,148
Average Hickory Creek Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hickory Creek, Texas
In Hickory Creek, 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 Denton 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 Hickory Creek, 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 Hickory Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 75065 has both the highest and lowest median tax bill, standing at $7,733.
Average Hickory Creek Assessed Value
$522,922
Average Denton County Assessed Value
$444,000
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hickory Creek, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75065 | $216,206 | $417,324 | $522,922 | $635,070 | $810,635 |
Source: Ownwell
$1,148
Average Hickory Creek Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hickory Creek, Texas
In Hickory Creek, Denton County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. With a median home price of $522,922, homeowners can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill stands at $5,981, while the 75th percentile reaches $9,257, and the 90th percentile hits $11,577. These figures highlight the variability in tax bills, which can be influenced by factors such as property improvements and market conditions. Homeowners in Hickory Creek face a median tax bill of $7,733, which is notably higher than the national median property tax rate of 0.99%. This can place a substantial financial burden on residents. Ownwell offers property tax appeal and exemption services to help reduce these costs. By leveraging our expertise, we can assess your property's valuation, identify potential errors, and advocate on your behalf to lower your tax bill, ensuring you pay only your fair share.
Average Hickory Creek Tax Bill
$7,733
Average Denton County Tax Bill
$7,425
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hickory Creek, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75065 | $3,397 | $5,981 | $7,733 | $9,257 | $11,577 |
Source: Ownwell
$1,148
Average Hickory Creek 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 | |
|---|---|
| Denton Appraisal District | |
| Phone | (940) 349-3910 |
| Website | esearch.dentoncad.com |
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