Hartley, Texas Property Taxes
The median property tax rate in Hartley, TX is 1.61%, which is considerably higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With a median home value of $59,780 in Hartley, the typical annual property tax bill amounts to $935, significantly lower than the national median of $2,690. Property taxes in Hartley are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Hartley'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 Hartley or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hartley, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$962
$893
Ownwell’s Hartley Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers in Hartley. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in the area to provide an estimate of your annual property tax bill. This valuable insight helps you anticipate potential tax liabilities, making financial planning easier. For those interested in more detailed information, including neighborhood-level trends, further data is available below. Your property’s assessed value, determined by the county, is crucial for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Hartley, Texas
Property taxes in Hartley, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartley is 1.61%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hartley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hartley 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 Hartley's effective property tax rate to other counties in Texas and the national median. For comparison, the 79044 ZIP code has the highest median property tax rate of 1.61%, while the 79044 ZIP code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with Hartley provides valuable insights into the varying tax landscape across Hartley, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hartley Tax Rate
1.61%
Average Hartley County Tax Rate
2.09%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartley, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79044 | 1.61% | 1.61% | 1.61% | 1.64% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Hartley, Texas
In Hartley, 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 Hartley 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 Hartley, 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 highest median tax bill in the area is $935, found in the 79044 zip code. 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 Hartley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hartley Assessed Value
$59,780
Average Hartley County Assessed Value
$147,580
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hartley, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79044 | $5,924 | $24,275 | $59,780 | $136,720 | $187,134 |
Source: Ownwell
Property Tax Bills Across Hartley, Texas
Property tax bills in Hartley, TX, are calculated based on the assessed value of a property, which is determined by the local tax assessor's office. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $59,780, homeowners can expect varying tax bills. Factors such as property location, improvements, and exemptions play a significant role in the final amount. In Hartley, the 25th percentile tax bill is around $384, while the 75th percentile tax bill reaches $2,209. For those at the 90th percentile, the tax bill can be as high as $3,023. These figures highlight the range of property tax bills that homeowners might face, depending on their property's assessed value and applicable exemptions. Compared to the national median property tax rate of 0.99%, Hartley's tax bills reflect the local economic conditions and property values, significantly impacting homeowners' annual financial planning.
Average Hartley Tax Bill
$935
Average Hartley County Tax Bill
$2,858
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartley, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79044 | $95 | $384 | $935 | $2,209 | $3,023 |
Source: Ownwell