Hubbard, Texas Property Taxes
The median property tax rate in Hubbard, TX is 2.58%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Hubbard, the typical annual property tax bill reaches $1,669, which is below the national median of $2,690. Property taxes in Hubbard 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 Hubbard'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 Hubbard 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
Hubbard, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.58%
Estimate Property Tax Bill
$2,376
$2,198
$1,148
Average Hubbard, Texas Tax Savings
Ownwell’s Hubbard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hubbard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hubbard 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 Hubbard. 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 Hubbard, Texas
Property taxes in Hubbard, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hubbard is 2.58%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Hubbard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hubbard 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 Hubbard's effective property tax rate to other counties in Texas and the national median. For comparison, the 76648 zip code has both the highest and lowest median property tax rate of 2.58%. Understanding how these cities compare with Hubbard 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 Hubbard Tax Rate
2.58%
Average Hill County Tax Rate
1.56%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hubbard, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76648 | 0.90% | 1.42% | 2.58% | 2.64% | 2.64% |
Source: Ownwell
$1,148
Average Hubbard Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hubbard, Texas
In Hubbard, 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 Hubbard, 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 Hubbard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 76648 has the highest and lowest median tax bills, both at $1,669, reflecting the area's consistent property values.
Average Hubbard Assessed Value
$92,080
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 Hubbard, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76648 | $22,335 | $46,225 | $92,080 | $174,695 | $302,420 |
Source: Ownwell
$1,148
Average Hubbard Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hubbard, Texas
In Hubbard, located in Hill County, Texas, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price here is $92,080, and the property tax rate is determined annually by local taxing authorities. Homeowners in Hubbard can expect their tax bills to range significantly, with the 25th percentile at $897 and the 90th percentile reaching up to $4,772. These variations are influenced by factors such as property size, location, and market conditions. For homeowners, these tax bills can be a substantial financial burden. This is where Ownwell's property tax consulting services come into play. By leveraging expert knowledge and local market insights, Ownwell helps homeowners identify potential savings and file appeals to reduce their property tax bills. With Ownwell's assistance, homeowners can navigate the complexities of property tax assessments and ensure they are not overpaying, providing significant relief and financial savings.
Average Hubbard Tax Bill
$1,669
Average Hill County Tax Bill
$1,810
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hubbard, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76648 | $386 | $897 | $1,669 | $3,188 | $4,772 |
Source: Ownwell
$1,148
Average Hubbard 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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