Pep, Texas Property Taxes

The median property tax rate in PEP, TX is 1.80%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in PEP, the typical annual property tax bill reaches $928, which is below the national median of $2,690. Property taxes in PEP are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding PEP'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 PEP 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

Pep, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$2,500,000

$5,000,000

Average Tax Rate

1.67%

Estimate Property Tax Bill

$3,340

Ownwell’s PEP Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in PEP with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PEP to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.

Property Tax Rates Across Pep, Texas

Property taxes in PEP, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in PEP is 1.80%, higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within PEP set these rates annually, and they can vary significantly across different neighborhoods. Each year, PEP 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 PEP's effective property tax rate to other counties in Texas and the national median. For comparison, the 79353 zip code has the highest median property tax rate of 1.80%, while the same zip code has the lowest median tax rate of 1.80%. Understanding how these cities compare with PEP provides valuable insights into the varying tax landscape across Hockley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across Pep, Texas

Source: Ownwell

0.44%

1.42%

2.39%

Average Pep Tax Rate

1.80%

Average Hockley County Tax Rate

2.18%

Average Texas Tax Rate

1.67%

Average United States Tax Rate

0.99%

Property Tax Rates Across Pep, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79353	0.66%	1.14%	1.80%	1.83%	1.84%

Source: Ownwell

Property Tax Assessment Values Across Pep, Texas

In PEP, 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 Hockley 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 PEP, 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 PEP helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 79353 has the highest and lowest median tax bill at $928.

Property Tax Assessment Values Across Pep, Texas

Source: Ownwell

$7,720

$67,965

$128,210

Average Pep Assessed Value

$83,525

Average Hockley County Assessed Value

$75,980

Average Texas Assessed Value

$247,950

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across Pep, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79353	$13,670	$39,260	$83,525	$129,595	$147,706

Source: Ownwell

Property Tax Bills Across Pep, Texas

In PEP, located in Hockley County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of your property. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. In PEP, the median home price stands at $83,525. The 25th percentile tax bill is around $622, while the 75th percentile tax bill is approximately $1,166. For those at the 90th percentile, the tax bill can reach up to $1,774. Comparatively, the national median property tax rate is 0.99%, making PEP’s property taxes relatively moderate. These tax bills significantly impact homeowners, influencing their overall housing costs and financial planning. Understanding these factors can help homeowners better manage their expenses and anticipate future tax obligations.

Property Tax Bills Across Pep, Texas

Source: Ownwell

$34

$1,262

$2,490

Average Pep Tax Bill

$928

Average Hockley County Tax Bill

$1,490

Average Texas Tax Bill

$3,971

Average United States Tax Bill

$2,690

Property Tax Bills Across Pep, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79353	$251	$622	$928	$1,166	$1,774

Source: 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
Hockley Appraisal District
Website	propaccess.trueautomation.com