Aquilla, Texas Property Taxes
The median property tax rate in Aquilla, TX is 1.61%, slightly lower than the Texas state median of 1.67% but still considerably higher than the national median of 0.99%. With the median home value in Aquilla at $111,370, the typical annual property tax bill is about $1,451, which is below the national median of $2,690. Property taxes in Aquilla are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Aquilla'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 Aquilla or another part of Hill County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aquilla, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$1,793
$1,664
$1,148
Average Tax Savings
Ownwell’s Aquilla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aquilla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aquilla 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 Aquilla. 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 Aquilla, Texas
Property taxes in Aquilla, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aquilla is 1.61%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Aquilla set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aquilla 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 Aquilla's effective property tax rate to other counties in Texas and the national median. For comparison, the 76622 zip code has the highest median property tax rate of 1.61%, while the same zip code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with Aquilla provides valuable insights into the varying tax landscape across Hill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aquilla Tax Rate
1.61%
Average Hill County Tax Rate
1.56%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aquilla, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76622 | 0.79% | 1.31% | 1.61% | 1.61% | 1.61% |
Source: Ownwell
$1,148
Average Aquilla Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Aquilla, Texas
In Aquilla, 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 Hill 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 Aquilla, 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. Being aware of these valuation processes in Aquilla helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Aquilla, the zip code with the highest median tax bill is 76622, with a median tax bill of $1,451. Conversely, the zip code with the lowest median tax bill is also 76622, with the same median tax bill amount.
Average Aquilla Assessed Value
$111,370
Average Hill County Assessed Value
$116,870
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aquilla, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76622 | $20,500 | $48,360 | $111,370 | $230,730 | $419,536 |
Source: Ownwell
$1,148
Average Aquilla Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Aquilla, Texas
In Aquilla, located in Hill County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the Hill County Appraisal District. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $111,370, homeowners in Aquilla can expect varying tax bills. The tax bill at the 25th percentile is around $681, while at the 75th percentile, it rises to approximately $2,904. The highest median tax bill in the area is $1,451, as seen in the 76622 zip code. These tax bills can significantly impact homeowners, especially when they fall on the higher end of the spectrum. However, Ownwell offers property tax appeal and exemption services to help reduce these burdens. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in Aquilla in potentially lowering their tax bills, ensuring they only pay their fair share.
Average Aquilla Tax Bill
$1,451
Average Hill County Tax Bill
$1,810
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Aquilla, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76622 | $283 | $681 | $1,451 | $2,904 | $4,568 |
Source: Ownwell
$1,148
Average Aquilla Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Hill Appraisal District | |
| Website | esearch.hillcad.org |
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