Hansford County, Texas Property Taxes
The median property tax rate in Hansford County is 2.50%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Hansford County at $82,016, the typical annual property tax bill reaches $1,940, which is below the national median of $2,690. Property taxes in Hansford County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Hansford County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Spearman or another part of Hansford County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hansford County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.5%
Estimate Property Tax Bill
$2,050
$1,903
Ownwell’s Hansford County Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hansford County with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Hansford County to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and plan accordingly. If you’re interested in more localized trends, scroll down to navigate to city-specific informational pages. Your property assessed value is the value assigned to your property by the county for tax calculations, factoring in any exemptions you may have.
Property Tax Rates Across Hansford County, Texas
Property taxes in Hansford County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hansford County is 2.50%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Hansford County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hansford County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Hansford County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Gruver has one of the higher property tax rates in Texas at 2.57%, while the city of Morse boasts one of the lowest at 2.00%. Analyzing how Hansford County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hansford County Tax Rate
2.50%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Hansford County, Texas
In Hansford County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Hansford Appraisal District. The assessed value, however, 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. Assessment notices in Hansford County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. In Hansford County, the median home price stands at $82,016, with tax bills varying widely. For instance, Gruver has the highest median tax bill at $2,001, while Morse has the lowest at $445. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Hansford County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Hansford County Assessed Value
$82,016
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Bills Across Hansford County, Texas
In Hansford 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 tax assessor and reflects the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, homeowners in Hansford County face a range of tax bills, with the 25th percentile at $929 and the 75th percentile at $3,603. The 90th percentile tax bill climbs to $5,471, indicating significant variability depending on property value and location. Factors influencing the tax bill include the home's assessed value, any applicable exemptions, and the specific tax rate set by local taxing entities. Homeowners in cities like Gruver may experience higher median tax bills, around $2,001, compared to those in Morse, where the lowest median tax bill is approximately $445. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Hansford County Tax Bill
$1,940
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690