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Bynum, Hill County, Texas Property Taxes

  • Median Bynum, TX effective property tax rate: 1.47%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Bynum, TX home value: $109,845

  • Median annual Bynum, TX tax bill: $1,518, $882 lower than the national median property tax bill of $2,400.

How are property taxes in Hill County calculated?

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

Last Updated March 1, 2025

Bynum, Hill County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.47%

Estimate Property Tax Bill

$1,615

$1,498

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Bynum Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bynum with just two data points. By entering your property's estimated assessed value, our calculator applies Bynum’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 Hill County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bynum, Hill County, Texas

Local government entities set tax rates, which can vary widely within a state. This is because each year, counties estimate the budget needed to provide essential services and divide that by the total value of all taxable properties within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.

In Bynum, located in Hill County, Texas, property tax rates are determined similarly. The effective property tax rate in Bynum can be compared to other cities in Texas, as well as the median property tax rates in Texas and the U.S. The median property tax rate in Texas is 1.47%, which is above the national median of 1.02%. Additionally, the median property tax bill in Texas is higher than the national median of $2400. Understanding these comparisons can help property owners in Bynum and throughout Texas make informed decisions about their property tax appeals and exemptions.

Property Tax Rates Across Bynum, Hill County, Texas

Source: Ownwell

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1.25%

1.91%

2.58%

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 Bynum Tax Rate

1.47%

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 Hill County Tax Rate

1.56%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bynum, Hill County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
766310.87%1.33%1.47%1.61%1.67%

Source: Ownwell

Property Tax Assessment Values Across Bynum, Hill County, Texas

When examining property taxes in Bynum, Texas, 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 Hill 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 Hill County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Bynum. For example, the median home price in Bynum is $109,845, with tax bills ranging significantly across the county. Zip code 76631 has the highest median home price at $109,845.

Property Tax Assessment Values Across Bynum, Hill County, Texas

Source: Ownwell

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$41,480

$125,125

$208,770

Median Bynum Market Value

$109,845

Median Hill County Market Value

$116,870

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bynum, Hill County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76631$35,245$61,452$109,845$173,640$301,350

Source: Ownwell

Property Tax Bills Across Bynum, Hill County, Texas

In Bynum, located in Hill 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, resulting in the property tax bill. For homeowners in Bynum, the 25th percentile tax bill is $786, while the 75th percentile reaches $2,340, and the 90th percentile can be as high as $3,675. Compared to the national median property tax bill of $2,400, Bynum's tax bills can be both lower and higher depending on the percentile. The median home price in Bynum is $109,845, which influences the assessed value and subsequently, the tax bill. Homeowners in Bynum may find this tax burden significant, especially if their property falls into the higher tax brackets. Ownwell can assist homeowners by providing property tax appeal and exemption services, potentially lowering their tax bills. With expert knowledge and a strategic approach, Ownwell helps homeowners save money by ensuring their property is fairly assessed, leading to reduced tax obligations.

Property Tax Bills Across Bynum, Hill County, Texas

Source: Ownwell

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$610

$1,709

$2,808

Median Bynum Tax Bill

$1,518

Median Hill County Tax Bill

$1,810

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Bynum, Hill County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76631$395$786$1,518$2,340$3,675

Source: Ownwell

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