Kress, Texas Property Taxes
The median property tax rate in Kress, TX is 1.63%, which is considerably higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With the median home value in Kress at $127,431, the typical annual property tax bill reaches $2,018, still below the national median of $2,690. Property taxes in Kress are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kress'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 Kress or another part of Hale County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kress, 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 Kress Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kress with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kress 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 Kress, Texas
Property taxes in Kress, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kress is 1.63%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Kress set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kress 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 Kress's effective property tax rate to other counties in Texas and the national median. For comparison, the 79052 zip code has the highest median property tax rate of 1.63%, while the 79052 zip code has the lowest median tax rate of 1.63%. Understanding how these cities compare with Kress 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 Kress Tax Rate
1.63%
Average Hale County Tax Rate
2.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79052 | 1.30% | 1.51% | 1.63% | 1.69% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Kress, Texas
In Kress, 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 Kress, 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 Kress helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Kress is $127,431, with tax bills ranging from $1,226 at the 25th percentile to $4,901 at the 90th percentile. The highest and lowest median tax bill in Kress both stand at $2,018 in the 79052 zip code.
Average Kress Assessed Value
$127,431
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 Kress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79052 | $28,993 | $78,124 | $127,431 | $217,296 | $290,193 |
Source: Ownwell
Property Tax Bills Across Kress, Texas
In Kress, located in Hale County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local property tax rate to calculate the annual tax bill. Homeowners in Kress experience varying property tax bills. For instance, the median home price in Kress is $127,431. At the 25th percentile, property tax bills are around $1,226, while at the 75th percentile, they can reach up to $3,619. The 90th percentile sees tax bills as high as $4,901. These tax bills can significantly impact homeowners, influencing their overall cost of living and the affordability of homeownership. Compared to the national median property tax rate of 0.99%, the property tax rates in Kress can result in substantial financial obligations for property owners, making it crucial for homeowners to understand how their tax bills are determined and what factors influence these amounts.
Average Kress Tax Bill
$2,018
Average Hale County Tax Bill
$1,729
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Kress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79052 | $503 | $1,226 | $2,018 | $3,619 | $4,901 |
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 |