Morse, Texas Property Taxes
The median property tax rate in Morse, TX is 2.00%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Morse at $24,325, the typical annual property tax bill amounts to $445, which is below the national median of $2,690. Property taxes in Morse are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Morse's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Morse or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Morse, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2%
Estimate Property Tax Bill
$487
$451
Ownwell’s Morse Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Morse with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Morse to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those 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 Morse, Texas
Property taxes in Morse, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Morse is 2.00%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Morse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Morse 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 Morse's effective property tax rate to other counties in Texas and the national median. For comparison, the 79062 zip code has the highest median property tax rate of 2.00%, while the same zip code also has the lowest median tax rate of 2.00%. Understanding how these cities compare with Morse provides valuable insights into the varying tax landscape across Hansford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Morse Tax Rate
2.00%
Average Hansford County Tax Rate
2.50%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morse, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79062 | 1.39% | 1.56% | 2.00% | 2.00% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Morse, Texas
In Morse, 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 Hansford 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 Morse, 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. The median home price in Morse is $24,325, with tax bills ranging from $293 at the 25th percentile to $571 at the 90th percentile. Notably, the zip code 79062 has the highest median tax bill at $445 and the lowest median tax bill at $445. Being aware of these valuation processes in Morse helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Morse Assessed Value
$24,325
Average Hansford County Assessed Value
$82,016
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Morse, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79062 | $4,892 | $14,658 | $24,325 | $30,964 | $36,757 |
Source: Ownwell
Property Tax Bills Across Morse, Texas
Property tax bills in Morse, located in Hansford County, TX, are calculated based on the assessed value of a property. This assessed value is derived from the market value, which is determined by the county appraisal district. The tax rate is then applied to this assessed value to calculate the annual tax bill. In Morse, property tax rates can vary, but the median tax bill is around $445, aligning with the highest and lowest median tax bills in the 79062 zip code. Factors such as property location, size, and improvements can influence the assessed value, thus affecting the tax bill. Compared to the national median property tax rate of 0.99%, Morse homeowners experience a relatively lower tax burden. For example, homeowners in the 25th percentile pay approximately $293 annually, while those in the 75th percentile pay around $545. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Morse Tax Bill
$445
Average Hansford County Tax Bill
$1,940
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Morse, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79062 | $98 | $293 | $445 | $545 | $571 |
Source: Ownwell