Kemp, Texas Property Taxes
The median property tax rate in Kemp, TX is 1.38%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Kemp at $69,270, the typical annual property tax bill amounts to $729, which is significantly below the national median of $2,690. Property taxes in Kemp are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Kemp'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 Kemp 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
Kemp, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$956
$884
Ownwell’s Kemp Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kemp with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kemp 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 Kemp, Texas
Property taxes in Kemp, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kemp is 1.38%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Kemp set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kemp 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 Kemp's effective property tax rate to other counties in Texas and the national median. For comparison, the 75143 zip code has the highest median property tax rate of 1.38%, while the 75143 zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Kemp provides valuable insights into the varying tax landscape across Henderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kemp Tax Rate
1.38%
Average Henderson County Tax Rate
1.40%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kemp, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75143 | 0.22% | 0.59% | 1.38% | 1.75% | 2.55% |
Source: Ownwell
Property Tax Assessment Values Across Kemp, Texas
In Kemp, 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 Henderson 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 Kemp, 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 Kemp is $69,270, and tax bills can vary significantly, ranging from $186 at the 25th percentile to $5,455 at the 90th percentile. The highest and lowest median tax bills are both $729 in the zip code 75143. 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 Kemp helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kemp Assessed Value
$69,270
Average Henderson County Assessed Value
$139,776
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kemp, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75143 | $6,000 | $20,398 | $69,270 | $189,860 | $418,153 |
Source: Ownwell
Property Tax Bills Across Kemp, Texas
In Kemp, located in Henderson County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is an estimate of the home's market value, which is then adjusted based on various factors such as property condition, improvements, and market trends. For example, with a median home price of $69,270, homeowners in Kemp can expect varying tax bills. At the 25th percentile, the tax bill is around $186, while at the 75th percentile, it rises to approximately $2,232. For those at the 90th percentile, it can reach as high as $5,455. These property taxes fund essential services like schools, public safety, and infrastructure, directly impacting the community. Compared to the national median property tax rate of 0.99%, Kemp's rates can fluctuate significantly, affecting homeowners differently based on their property's assessed value and the local tax rate. The highest median tax bill in the area stands at $729, highlighting the variability within the region.
Average Kemp Tax Bill
$729
Average Henderson County Tax Bill
$1,470
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Kemp, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75143 | $45 | $186 | $729 | $2,232 | $5,455 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Henderson Appraisal District | |
| Website | esearch.henderson-cad.org |