Kress, Hale County, Texas Property Taxes

Local government entities determine tax rates, which can vary significantly within a state. Each county annually estimates the budget required to provide services and divides it by the total value of all taxable property within its jurisdiction. This process results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the fundamental procedure followed each year.

In Kress, located in Hale County, the effective property tax rate stands at 1.63%, which is notably higher than the national median of 1.02%. This rate aligns with the highest and lowest median tax rates in the area, both recorded at 1.63%. When compared to the national median property tax bill of $2400, property owners in Kress may find that their tax obligations are comparatively higher. Understanding these differences can help property owners make informed decisions about their property investments and potential appeals.

In Kress, located in Hale County, Texas, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which is influenced by factors such as location, size, and condition. Homeowners in Kress pay a median property tax bill of $2,018, which is below the national median of $2,400. However, tax bills can vary significantly, with some homeowners paying as little as $1,226 or as much as $4,901, depending on their property's assessed value and the applicable tax rates.

High property taxes can be a financial burden, but that's where Ownwell comes in. By leveraging expertise in property tax laws and local market conditions, Ownwell can help homeowners in Kress potentially lower their tax bills. Through a thorough analysis and appeal process, Ownwell identifies opportunities for savings, ensuring homeowners pay only their fair share. This service not only reduces expenses but also provides peace of mind to property owners.