Edmonson, Texas Property Taxes
The median property tax rate in Edmonson, TX is 1.74%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Edmonson at $67,320, the typical annual property tax bill reaches $1,047, exceeding the national median of $2,690. Property taxes in Edmonson 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 Edmonson'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 Edmonson 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
Edmonson, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$1,171
$1,084
Ownwell’s Edmonson Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Edmonson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edmonson to provide an accurate property tax bill estimate. This invaluable tool offers clarity on potential tax liabilities, helping you make informed decisions. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value, determined by the county, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Edmonson, Texas
Property taxes in Edmonson, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edmonson is 1.74%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Edmonson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edmonson 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 Edmonson's effective property tax rate to other counties in Texas and the national median. For comparison, the 79032 zip code has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these cities compare with Edmonson 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 Edmonson Tax Rate
1.74%
Average Hale County Tax Rate
2.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edmonson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79032 | 1.49% | 1.62% | 1.74% | 1.94% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Edmonson, Texas
In Edmonson, 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 Edmonson, 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 zip code with the highest median tax bill is 79032, with a tax bill of $1,047. 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 Edmonson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Edmonson Assessed Value
$67,320
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 Edmonson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79032 | $13,668 | $32,487 | $67,320 | $119,350 | $240,067 |
Source: Ownwell
Property Tax Bills Across Edmonson, Texas
In Edmonson, located in Hale County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county’s appraisal district and reflects the market value of the property. The tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition, as well as recent sales of comparable properties in the area. For a median home price of $67,320 in Edmonson, homeowners can expect a median tax bill around $1,047, which is slightly above the national median property tax rate of 0.99%. Homeowners in the 25th percentile might see a tax bill around $609, while those in the 75th percentile could face a tax bill of approximately $2,073. The highest tax bills, in the 90th percentile, can reach up to $3,911. Understanding these factors helps homeowners anticipate their tax obligations and plan their finances accordingly.
Average Edmonson Tax Bill
$1,047
Average Hale County Tax Bill
$1,729
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Edmonson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79032 | $265 | $609 | $1,047 | $2,073 | $3,911 |
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 |