Cumby, Hopkins County, Texas Property Taxes

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

Median Cumby, TX effective property tax rate: 1.68%, significantly higher than the national median of 1.02%, but slightly higher than the Texas state median of 1.67%.
Median Cumby, TX home value: $140,465
Median annual Cumby, TX tax bill: $1,714, $686 lower than the national median property tax bill of $2,400.

How are property taxes in Hopkins calculated?

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

Last Updated March 1, 2025

Cumby, Hopkins County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.68%

Estimate Property Tax Bill

$2,360

$2,190

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

Property Tax Rates Across Cumby, Hopkins County, Texas

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Cumby's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Cumby, located in Hopkins County, has a property tax rate of 1.68%, which is significantly higher than the national median of 1.02%. This means homeowners in Cumby might face higher property tax bills compared to the national average. Understanding these rates can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Cumby, Hopkins County, Texas

Source: Ownwell

1.00%

1.34%

1.68%

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 Cumby Tax Rate

1.68%

Median Effective Hopkins County Tax Rate

1.66%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cumby, Hopkins County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
75433	0.36%	0.95%	1.68%	1.91%	2.31%

Source: Ownwell

Property Tax Assessment Values Across Cumby, Hopkins County, Texas

When examining property taxes in Cumby, 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 Hopkins 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.

Assessment notices:

In Hopkins County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Cumby.

For example, the median home price in Cumby is $140,465, with tax bills ranging significantly across the county. 75433 has the highest median home price at $140,465.

Property Tax Assessment Values Across Cumby, Hopkins County, Texas

Source: Ownwell

$93,125

$153,453

$213,780

Median Cumby Market Value

$140,465

Median Hopkins County Market Value

$132,490

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cumby, Hopkins County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
75433	$23,377	$63,798	$140,465	$282,168	$492,858

Source: Ownwell

Property Tax Bills Across Cumby, Hopkins County, Texas

In Cumby, located in Hopkins County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $140,465, homeowners can expect varying tax bills depending on their property's assessed value. For instance, the tax bill at the 25th percentile is $773, while at the 75th percentile, it rises to $3,074. The 90th percentile tax bill can reach as high as $4,845. Compared to the national median property tax bill of $2,400, Cumby offers a range that can be both lower and higher depending on specific property valuations. Homeowners feeling the pinch of high property taxes can benefit from Ownwell's expertise. By providing property tax appeal and exemption services, Ownwell assists homeowners in potentially reducing their tax burdens, ensuring they pay only their fair share and potentially saving them a significant amount each year.

Property Tax Bills Across Cumby, Hopkins County, Texas

Source: Ownwell

$1,073

$1,577

$2,081

Median Cumby Tax Bill

$1,714

Median Hopkins County Tax Bill

$1,733

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Cumby, Hopkins County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
75433	$280	$773	$1,714	$3,074	$4,845

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