Whitney, Texas Property Taxes
The median property tax rate in Whitney, TX is 1.56%, considerably higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With the median home value in Whitney, the typical annual property tax bill reaches $1,728, which is below the national median of $2,690. Property taxes in Whitney 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 Whitney'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 Whitney 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
Whitney, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Whitney, Texas Tax Savings
Ownwell’s Whitney Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitney with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitney 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 Whitney. 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 Whitney, Texas
Property taxes in Whitney, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitney is 1.56%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Whitney set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitney 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 Whitney's effective property tax rate to other counties in Texas and the national median. For comparison, the 76692 zip code has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Whitney 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 Whitney Tax Rate
1.56%
Average Hill County Tax Rate
1.56%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitney, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76692 | 1.17% | 1.37% | 1.56% | 1.56% | 1.81% |
Source: Ownwell
$1,148
Average Whitney Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Whitney, Texas
In Whitney, 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 Whitney, 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. The median home price in Whitney is $118,160, with tax bills ranging from $739 at the 25th percentile to $3,449 at the 75th percentile. 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 Whitney helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Whitney Assessed Value
$118,160
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 Whitney, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76692 | $20,490 | $50,858 | $118,160 | $237,875 | $376,079 |
Source: Ownwell
$1,148
Average Whitney Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Whitney, Texas
In Whitney, located in Hill County, TX, property tax bills are calculated based on the assessed value of your home. The local tax rate is applied to the assessed value to determine the annual tax bill. Factors such as property improvements, market conditions, and neighborhood changes can influence the assessed value. With a median home price of $118,160, homeowners in Whitney face varying tax bills. For instance, the 25th percentile tax bill is $739, while the 75th percentile reaches $3,449, and the 90th percentile can be as high as $5,227. These tax bills can significantly impact homeowners, often straining budgets. This is where Ownwell's expertise comes in. By leveraging our property tax appeal and exemption services, homeowners can ensure their property is assessed fairly, potentially lowering their tax bills. Our team of experts navigates the complexities of the tax system, advocating on your behalf to secure the best possible outcome, thereby providing substantial savings and peace of mind.
Average Whitney Tax Bill
$1,728
Average Hill County Tax Bill
$1,810
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitney, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76692 | $300 | $739 | $1,728 | $3,449 | $5,227 |
Source: Ownwell
$1,148
Average Whitney 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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