Hardeman County, Texas Property Taxes
The median property tax rate in Hardeman County is 2.31%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value in Hardeman County, the typical annual property tax bill is $743, which is notably lower than the national median of $2,690. Property taxes in Hardeman County are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions like primary residence and agricultural exemptions. Understanding Hardeman 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 Quanah or another part of Hardeman County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hardeman County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.31%
Estimate Property Tax Bill
$760
$705
Ownwell’s Hardeman County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hardeman County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hardeman County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Hardeman County, Texas
Property taxes in Hardeman County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hardeman County is 2.31%, 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 Hardeman County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hardeman 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 Hardeman County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Chillicothe has one of the higher property tax rates in Texas at 2.59%, while the city of Quanah boasts one of the lowest at 2.31%. Analyzing how Hardeman County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hardeman County Tax Rate
2.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hardeman County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chillicothe | 2.03% | 2.59% | 2.59% | 2.59% | 2.59% |
| Quanah | 1.52% | 2.31% | 2.31% | 2.31% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Hardeman County, Texas
In Hardeman 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 Hardeman County 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 Hardeman 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. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. The highest median tax bill in the county is $770 in Quanah, while the lowest is $638 in Chillicothe. Being aware of these valuation processes in Hardeman County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Hardeman County Assessed Value
$32,885
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hardeman County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chillicothe | $3,568 | $10,008 | $25,155 | $53,848 | $88,222 |
| Quanah | $4,172 | $12,685 | $34,880 | $64,855 | $98,356 |
Source: Ownwell
Property Tax Bills Across Hardeman County, Texas
In Hardeman County, TX, property tax bills are calculated based on the assessed value of a property and the county's tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $32,885, homeowners can expect varying tax bills depending on their property's assessed value and specific tax rate. Several factors influence the tax bill, including property size, location, and any applicable exemptions. In Hardeman County, the tax bill at the 25th percentile is around $263, while it reaches $1,361 at the 75th percentile and $2,036 at the 90th percentile. The highest median tax bill in the county is $770 in Quanah, while the lowest is $638 in Chillicothe. These variations can significantly impact homeowners, making it crucial to understand how assessed values and tax rates affect their finances.
Average Hardeman County Tax Bill
$743
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hardeman County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chillicothe | $93 | $252 | $638 | $1,309 | $2,143 |
| Quanah | $94 | $271 | $770 | $1,369 | $2,030 |
Source: Ownwell