Abernathy, Texas Property Taxes
The median property tax rate in Abernathy, TX is 2.15%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Abernathy at $94,987, the typical annual property tax bill reaches $1,780, which is below the national median of $2,690. Property taxes in Abernathy 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 Abernathy'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 Abernathy 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
Abernathy, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Abernathy Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Abernathy with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Abernathy to provide an estimate of 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 Abernathy, Texas
Property taxes in Abernathy, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Abernathy is 2.15%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Abernathy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abernathy 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 Abernathy's effective property tax rate to other counties in Texas and the national median. For comparison, the 79311 zip code has the highest median property tax rate of 2.15%, while the same zip code also has the lowest median tax rate of 2.15%. Understanding how these cities compare with Abernathy provides valuable insights into the varying tax landscape across Hale County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abernathy Tax Rate
2.15%
Average Hale County Tax Rate
2.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abernathy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79311 | 1.52% | 1.81% | 2.15% | 2.31% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Abernathy, Texas
In Abernathy, 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 Hale 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 Abernathy, 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 25th percentile tax bill in Abernathy is $1,008, while the 75th percentile reaches $3,656, and the 90th percentile peaks at $5,741. The highest and lowest median tax bills are both $1,780 in the 79311 zip code. By understanding 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 Abernathy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Abernathy Assessed Value
$94,987
Average Hale County Assessed Value
$77,228
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abernathy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79311 | $25,714 | $50,638 | $94,987 | $189,120 | $306,237 |
Source: Ownwell
Property Tax Bills Across Abernathy, Texas
In Abernathy, Texas, property tax bills are calculated based on the assessed value of a home, which is determined by the Hale County Appraisal District. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $94,987, homeowners can expect varying tax bills depending on specific factors such as location and property characteristics. The tax bill for the 25th percentile is approximately $1,008, while those in the 75th percentile may see bills around $3,656. The 90th percentile tax bill can reach up to $5,741. These figures highlight the variability in property tax burdens within the city. Notably, the highest and lowest median tax bills in Abernathy are both recorded at $1,780 in the 79311 zip code, reflecting a consistent tax rate application across different home values. Compared to the national median property tax rate of 0.99%, Abernathy's rates can result in significant financial considerations for homeowners, impacting their overall housing affordability.
Average Abernathy Tax Bill
$1,780
Average Hale County Tax Bill
$1,729
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Abernathy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79311 | $514 | $1,008 | $1,780 | $3,656 | $5,741 |
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 | |
|---|---|
| Hale Appraisal District | |
| Website | propaccess.trueautomation.com |