Purmela, Texas Property Taxes
The median property tax rate in Purmela, TX is 0.66%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Purmela at $344,350, the typical annual property tax bill is $1,972, which is well below the national median of $2,690. Property taxes in Purmela are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Purmela'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 Purmela or another part of Hamilton County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Purmela, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$2,273
$2,103
Ownwell’s Purmela Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Purmela with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Purmela 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 Purmela, Texas
Property taxes in Purmela, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Purmela is 0.66%, lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Purmela set these rates annually, and they can vary significantly across different neighborhoods. Each year, Purmela 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 Purmela's effective property tax rate to other counties in Texas and the national median. For comparison, the 76566 zip code has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Purmela provides valuable insights into the varying tax landscape across Hamilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Purmela Tax Rate
0.66%
Average Hamilton County Tax Rate
1.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Purmela, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76566 | 0.13% | 0.46% | 0.66% | 0.87% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Purmela, Texas
In Purmela, 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 Hamilton 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 Purmela, 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 Purmela helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Purmela, the highest median tax bill is $1972 in the 76566 zip code, while the lowest median tax bill is also $1972 in the same zip code.
Average Purmela Assessed Value
$344,350
Average Hamilton County Assessed Value
$161,420
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Purmela, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76566 | $141,196 | $212,902 | $344,350 | $521,982 | $705,141 |
Source: Ownwell
Property Tax Bills Across Purmela, Texas
In Purmela, property tax bills are calculated based on the assessed value of a home, which is determined by the Hamilton County Appraisal District. The assessed value is then multiplied by the local tax rate to establish the annual tax bill. Factors such as the home's market value, location, and any applicable exemptions play a significant role in this calculation. For example, with a median home price of $344,350, homeowners in Purmela can expect varying tax bills. The tax bill at the 25th percentile is $1,009, while at the 75th percentile, it rises to $2,730, and at the 90th percentile, it reaches $3,922. These figures reflect the range of property tax burdens homeowners might face. Compared to the national median property tax rate of 0.99%, Purmela's tax rates can significantly impact household finances. Understanding how these taxes are calculated helps homeowners budget more effectively and anticipate their annual expenses.
Average Purmela Tax Bill
$1,972
Average Hamilton County Tax Bill
$1,640
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Purmela, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76566 | $682 | $1,009 | $1,972 | $2,730 | $3,922 |
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 | |
|---|---|
| Hamilton Appraisal District | |
| Website | propaccess.trueautomation.com |