Como, Texas Property Taxes
The median property tax rate in COMO, TX is 1.34%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in COMO being $110,055, the typical annual property tax bill reaches $1,073, falling below the national median of $2,690. Property taxes in COMO are calculated based on the tax assessed value, which is usually lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding COMO'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 COMO or another part of Hopkins County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Como, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s COMO Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in COMO. By simply entering your property's estimated assessed value, the calculator leverages the median tax rate in COMO to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, empowering you to make informed decisions. For those interested in more granular insights, localized neighborhood trends are available as you scroll down. Remember, your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Como, Texas
Property taxes in Como, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Como is 1.34%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Como set these rates annually, and they can vary significantly across different neighborhoods. Each year, Como 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 Como's effective property tax rate to other counties in Texas and the national median. For comparison, the 75431 ZIP code has the highest median property tax rate of 1.34%, while the same ZIP code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Como provides valuable insights into the varying tax landscape across Hopkins County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Como Tax Rate
1.34%
Average Hopkins County Tax Rate
1.66%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Como, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75431 | 0.34% | 0.85% | 1.34% | 1.44% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Como, Texas
In COMO, 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 Hopkins 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 COMO, 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 COMO helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1073 in the 75431 zip code, while the lowest median tax bill is also $1073 in the same zip code.
Average Como Assessed Value
$110,055
Average Hopkins County Assessed Value
$132,490
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Como, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75431 | $14,427 | $39,870 | $110,055 | $232,045 | $445,286 |
Source: Ownwell
Property Tax Bills Across Como, Texas
In COMO, located in Hopkins County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. For homeowners in COMO, the median home price is $110,055. The property tax rate in Hopkins County is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in the 25th percentile typically see tax bills around $374, while those in the 75th percentile face bills closer to $2,061. The top 10% of homeowners might see tax bills as high as $3,352. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in COMO to understand how their local rates and assessed values affect their annual property tax obligations. This understanding helps homeowners budget effectively and plan for any potential tax appeals or exemptions.
Average Como Tax Bill
$1,073
Average Hopkins County Tax Bill
$1,733
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Como, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75431 | $175 | $374 | $1,073 | $2,061 | $3,352 |
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 | |
|---|---|
| Hopkins Appraisal District | |
| Website | iswdataclient.azurewebsites.net |