Hochheim, Texas Property Taxes
The median property tax rate in Hochheim, TX is 0.88%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Hochheim at $143,350, the typical annual property tax bill amounts to $1,300, falling below the national median of $2,690. Property taxes in Hochheim are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hochheim'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 Hochheim or another part of DeWitt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hochheim, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,261
$1,171
Ownwell’s Hochheim Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hochheim with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hochheim to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, scrolling down will reveal more localized information. Your property’s assessed value is the figure assigned by DeWitt County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Hochheim, Texas
Property taxes in Hochheim, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hochheim is 0.88%, which is lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Hochheim set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hochheim 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 Hochheim's effective property tax rate to other counties in Texas and the national median. For comparison, the 77967 zip code has the highest median property tax rate of 0.88%, while the 77967 zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Hochheim provides valuable insights into the varying tax landscape across DeWitt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hochheim Tax Rate
0.88%
Average Dewitt County Tax Rate
1.51%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hochheim, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77967 | 0.71% | 0.80% | 0.88% | 1.04% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Hochheim, Texas
In Hochheim, 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 DeWitt 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 Hochheim, 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 Hochheim helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Hochheim are both $1300, found in the 77967 zip code.
Average Hochheim Assessed Value
$143,350
Average Dewitt County Assessed Value
$108,795
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hochheim, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77967 | $97,638 | $122,400 | $143,350 | $199,640 | $229,142 |
Source: Ownwell
Property Tax Bills Across Hochheim, Texas
In Hochheim, located in DeWitt County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local appraisal district and reflects the estimated market value of the property. Homeowners in Hochheim face a median property tax bill of $1,300, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location, size, and condition. For instance, homes in the 25th percentile of tax bills pay around $1,267, while those in the 75th percentile face approximately $2,001. The top 10% of tax bills can reach up to $2,352. These variations highlight the impact of property characteristics on tax obligations. High property taxes can significantly affect homeowners, potentially making it more challenging to afford their homes. Understanding how these taxes are calculated and what factors influence them is crucial for effective financial planning and managing homeownership costs in Hochheim.
Average Hochheim Tax Bill
$1,300
Average Dewitt County Tax Bill
$1,417
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hochheim, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77967 | $895 | $1,267 | $1,300 | $2,001 | $2,352 |
Source: 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 | |
|---|---|
| DeWitt Appraisal District | |
| Website | www.dewittcad.org |