Tolar, Hood County, Texas Property Taxes

Name: Property Tax Bills Across Tolar, Hood County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Tolar, TX effective property tax rate: 1.08%, slightly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%. Median Tolar, TX home value: $269,580. Median annual Tolar, TX tax bill: $2,417, just $17 higher than the national median property tax bill of $2,400.

How are property taxes in Hood County calculated?

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

Last Updated March 1, 2025

Tolar, Hood County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.08%

Estimate Property Tax Bill

$2,911

$2,702

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

Property Tax Rates Across Tolar, Hood County, Texas

Local government entities determine tax rates, which can significantly differ within a state. This variation is due to each county annually estimating its required budget to provide necessary services, which is then divided by the total assessed value of all taxable property within its jurisdiction. This calculation establishes the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process. In Tolar, located in Hood County, TX, the effective property tax rate is 1.08%, aligning with both the highest and lowest rates observed within the area. This rate is slightly above the national median property tax rate of 1.02%, reflecting the unique fiscal needs and property values of the region. When compared to the national median property tax bill of $2,400, Tolar's tax rate highlights the localized nature of property taxation and the importance of understanding how local government decisions impact property owners.

Property Tax Rates Across Tolar, Hood County, Texas

Source: Ownwell

0.86%

1.21%

1.56%

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 Tolar Tax Rate

1.08%

Median Effective Hood County Tax Rate

0.96%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tolar, Hood County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
76476	0.13%	0.46%	1.08%	1.56%	1.92%

Source: Ownwell

Property Tax Assessment Values Across Tolar, Hood County, Texas

When examining property taxes in Tolar, TX, 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 Hood 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 Hood 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 Tolar. For example, the median home price in Tolar is $269,580, with tax bills ranging significantly across the county. 76476 has the highest median home price at $269,580.

Property Tax Assessment Values Across Tolar, Hood County, Texas

Source: Ownwell

$57,695

$295,573

$533,450

Median Tolar Market Value

$269,580

Median Hood County Market Value

$289,560

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tolar, Hood County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
76476	$72,950	$145,802	$269,580	$390,872	$548,170

Source: Ownwell

Property Tax Bills Across Tolar, Hood County, Texas

In Tolar, located in Hood County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The median home price in Tolar is $269,580, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the property's location, size, and improvements influence the assessed value. Homeowners in Tolar face varying tax bills, with the 25th percentile at $757 and the 75th percentile reaching $4,697. The 90th percentile tax bill can be as high as $6,590. These figures highlight the potential financial impact on homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell offers a solution by providing property tax appeal and exemption services to help homeowners reduce their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in saving money on their property tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Tolar, Hood County, Texas

Source: Ownwell

$289

$2,217

$4,144

Median Tolar Tax Bill

$2,417

Median Hood County Tax Bill

$2,081

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Tolar, Hood County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
76476	$224	$757	$2,417	$4,697	$6,590

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
Hood Appraisal District
Website	iswdataclient.azurewebsites.net