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Palmhurst, Hidalgo County, Texas Property Taxes

  • Median Palmhurst, TX effective property tax rate: 1.60%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Palmhurst, TX home value: $236,920

  • Median annual Palmhurst, TX tax bill: $3,076, $676 higher than the national median property tax bill of $2,400.

How are property taxes in Hidalgo calculated?

Property taxes in Palmhurst, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Palmhurst’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Palmhurst, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Palmhurst, Hidalgo County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.6%

Estimate Property Tax Bill

$3,791

$3,518

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Palmhurst Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Palmhurst with just two data points.

By entering your property's estimated assessed value, our calculator applies Palmhurst’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hidalgo County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Palmhurst, Hidalgo County, Texas

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Palmhurst, located in Hidalgo County, Texas, the effective property tax rate is 1.61%, which is above the national median of 1.02%. This rate is also higher than the median property tax rate in Texas, which stands at 1.60%. When compared to other cities in Texas, Palmhurst's property tax rate is on the higher side. The national median property tax bill is $2,400, and while Palmhurst's rate is higher, the actual tax bill will depend on the assessed value of the property. Understanding these rates helps property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Palmhurst, Hidalgo County, Texas

Source: Ownwell

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0.90%

1.54%

2.18%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Palmhurst Tax Rate

1.60%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Hidalgo County Tax Rate

1.87%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Palmhurst, Hidalgo County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
78572N/AN/AN/AN/AN/A
785730.80%1.12%1.61%1.89%2.01%
78574N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Palmhurst, Hidalgo County, Texas

When examining property taxes in Palmhurst, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hidalgo County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Hidalgo County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Palmhurst. For example, the median home price in Palmhurst is $236,920, with tax bills ranging significantly across the county. 78573 has the highest median home price at $235,576.

Property Tax Assessment Values Across Palmhurst, Hidalgo County, Texas

Source: Ownwell

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$51,629

$143,603

$235,576

Median Palmhurst Market Value

$236,920

Median Hidalgo County Market Value

$144,588

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Palmhurst, Hidalgo County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
78572N/AN/AN/AN/AN/A
78573$70,316$97,510$235,576$395,632$601,494
78574N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Palmhurst, Hidalgo County, Texas

In Palmhurst, located in Hidalgo County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by local appraisal districts. The median home price in Palmhurst is $236,920, with property tax bills ranging from the 25th percentile at $1,144 to the 90th percentile at $9,186. The median property tax bill is $3,019, which is higher than the national median of $2,400. This means homeowners in Palmhurst may face higher property taxes compared to the national average, impacting their annual financial planning.

Factors influencing the tax bill include the property's assessed value and the local tax rate. Ownwell can assist homeowners in Palmhurst by providing expert property tax appeal and exemption services. By analyzing the assessed value and identifying potential discrepancies, Ownwell helps homeowners reduce their tax liabilities, ensuring they do not overpay. With a deep understanding of local tax regulations, Ownwell is well-equipped to negotiate on behalf of homeowners, ultimately leading to significant savings on property tax bills.

Property Tax Bills Across Palmhurst, Hidalgo County, Texas

Source: Ownwell

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$529

$2,452

$4,375

Median Palmhurst Tax Bill

$3,076

Median Hidalgo County Tax Bill

$2,285

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Palmhurst, Hidalgo County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
78572N/AN/AN/AN/AN/A
78573$665$1,138$3,019$6,413$9,324
78574N/AN/AN/AN/AN/A

Source: Ownwell

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