Howardwick, Texas Property Taxes
The median property tax rate in HOWARDWICK, TX is 2.20%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in HOWARDWICK, the typical annual property tax bill reaches $648, which is below the national median of $2,690. Property taxes in HOWARDWICK 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 HOWARDWICK'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 HOWARDWICK 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
Howardwick, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.2%
Estimate Property Tax Bill
$658
$611
Ownwell’s HOWARDWICK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HOWARDWICK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HOWARDWICK 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 Howardwick, Texas
Property taxes in Howardwick, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Howardwick is 2.20%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Howardwick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Howardwick 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 Howardwick's effective property tax rate to other counties in Texas and the national median. For comparison, the 79226 zip code has the highest median property tax rate of 2.20%, while the 79226 zip code also has the lowest median tax rate of 2.20%. Understanding how these cities compare with Howardwick provides valuable insights into the varying tax landscape across Donley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Howardwick Tax Rate
2.20%
Average Donley County Tax Rate
2.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Howardwick, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79226 | 2.20% | 2.20% | 2.20% | 2.20% | 2.20% |
Source: Ownwell
Property Tax Assessment Values Across Howardwick, Texas
In Howardwick, 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 Donley 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. Assessment notices in Howardwick 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 Howardwick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills both stand at $648 in the 79226 zip code.
Average Howardwick Assessed Value
$29,904
Average Donley County Assessed Value
$35,022
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Howardwick, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79226 | $6,599 | $14,408 | $29,904 | $60,638 | $88,604 |
Source: Ownwell
Property Tax Bills Across Howardwick, Texas
In Howardwick, located in Donley County, TX, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the county assessor and is reflective of the market value of the property. Homeowners in Howardwick experience varying tax bills, with the 25th percentile paying around $316, while those in the 75th percentile can expect to pay approximately $1,318. At the higher end, the 90th percentile sees tax bills reaching up to $1,937. These tax bills are influenced by multiple factors, including the property's assessed value, local tax rates, and any applicable exemptions. The median home price in Howardwick is $29,904, which is relatively low compared to national averages. This lower home value contributes to the tax bills being more manageable for many homeowners. However, despite the lower home values, property taxes can still significantly impact a homeowner's annual budget, making it essential for residents to understand how their tax bills are determined.
Average Howardwick Tax Bill
$648
Average Donley County Tax Bill
$745
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Howardwick, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79226 | $145 | $316 | $648 | $1,318 | $1,937 |
Source: Ownwell