Hockley, Texas Property Taxes
The median property tax rate in Hockley, TX is 2.54%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Hockley at $235,668, the typical annual property tax bill reaches $5,375, far exceeding the national median of $2,690. Property taxes in Hockley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Hockley'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 Hockley or another part of Harris County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hockley, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.54%
Estimate Property Tax Bill
$5,986
$5,538
$1,148
Average Hockley, Texas Tax Savings
Ownwell’s Hockley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hockley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hockley to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Hockley. 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 Hockley, Texas
Property taxes in Hockley, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hockley is 2.54%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hockley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hockley 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 Hockley's effective property tax rate to other counties in Texas and the national median. For comparison, the 77447 zip code has the highest median property tax rate of 2.54%, while the same zip code also has the lowest median tax rate of 2.54%. Understanding how these cities compare with Hockley provides valuable insights into the varying tax landscape across Harris County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hockley Tax Rate
2.54%
Average Harris County Tax Rate
1.78%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hockley, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77447 | 1.37% | 2.03% | 2.54% | 2.90% | 3.40% |
Source: Ownwell
$1,148
Average Hockley Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hockley, Texas
In Hockley, 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 Harris 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 Hockley, 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. For instance, the median home price in Hockley is $235,668, with tax bills varying significantly. The 25th percentile tax bill is $1,823, while the 75th and 90th percentiles are $7,954 and $10,126, respectively. The zip code 77447 has both the highest and lowest median tax bills at $5,375. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hockley Assessed Value
$235,668
Average Harris County Assessed Value
$240,543
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hockley, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77447 | $28,800 | $120,866 | $235,668 | $316,941 | $395,977 |
Source: Ownwell
$1,148
Average Hockley Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hockley, Texas
In Hockley, Harris County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. With the national median property tax rate at 0.99%, Hockley's property taxes can be relatively high. For instance, homeowners in the 25th percentile pay around $1,823 annually, while those in the 75th percentile face bills up to $7,954. Factors such as home size, location, and market conditions significantly influence these assessments. High property taxes can impact homeowners' budgets, making it essential to seek ways to reduce these bills. Ownwell specializes in helping homeowners in Hockley lower their property tax bills. By thoroughly reviewing property assessments and filing appeals, Ownwell ensures that homeowners are not overpaying. Additionally, Ownwell assists in securing exemptions that can further reduce tax liabilities. Utilizing Ownwell's expertise can lead to substantial savings, providing homeowners with financial relief and peace of mind.
Average Hockley Tax Bill
$5,375
Average Harris County Tax Bill
$4,078
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hockley, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77447 | $908 | $1,823 | $5,375 | $7,954 | $10,126 |
Source: Ownwell
$1,148
Average Hockley Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 20 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Harris Appraisal District | |
| Phone | (713) 957-7800 |
| Website | hcad.org |
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