Mobeetie, Texas Property Taxes
The median property tax rate in Mobeetie, TX is 1.68%, slightly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Mobeetie at $121,320, the typical annual property tax bill reaches $2,042, which is below the national median of $2,690. Property taxes in Mobeetie are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mobeetie'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 Mobeetie 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
Mobeetie, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Mobeetie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mobeetie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mobeetie to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Mobeetie, Texas
Property taxes in Mobeetie, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mobeetie is 1.68%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Mobeetie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mobeetie 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 Mobeetie's effective property tax rate to other counties in Texas and the national median. For comparison, the 79061 zip code has the highest median property tax rate of 1.68%, while the 79061 zip code also has the lowest median tax rate of 1.68%. Understanding how these cities compare with Mobeetie provides valuable insights into the varying tax landscape across Hemphill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mobeetie Tax Rate
1.68%
Average Hemphill County Tax Rate
2.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mobeetie, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79061 | 1.68% | 1.68% | 1.68% | 1.68% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Mobeetie, Texas
In Mobeetie, 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 Hemphill 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 Mobeetie, 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. For example, the highest and lowest median tax bills in Mobeetie are both $2,042, found in the 79061 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mobeetie Assessed Value
$121,320
Average Hemphill County Assessed Value
$70,510
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mobeetie, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79061 | $121,320 | $121,320 | $121,320 | $121,320 | $121,320 |
Source: Ownwell
Property Tax Bills Across Mobeetie, Texas
In Mobeetie, located in Hemphill County, TX, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the final tax bill. For example, with a median home price of $121,320, homeowners in Mobeetie can expect a median property tax bill of $2,042. This figure is consistent across various percentiles, including the 25th, 75th, and 90th percentiles, indicating a uniform tax rate application. The property tax rate in Mobeetie is significantly higher than the national median property tax rate of 0.99%, impacting homeowners by requiring a larger portion of their income to be allocated towards property taxes. This can affect the overall affordability of owning a home in the area. Homeowners need to consider these tax obligations when budgeting for homeownership, as they play a crucial role in the total cost of maintaining a property.
Average Mobeetie Tax Bill
$2,042
Average Hemphill County Tax Bill
$1,688
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mobeetie, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79061 | $2,042 | $2,042 | $2,042 | $2,042 | $2,042 |
Source: Ownwell