Pickton, Texas Property Taxes
The median property tax rate in Pickton, TX is 1.06%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $162,780 in Pickton, the typical annual property tax bill amounts to $1,226, which is below the national median of $2,690. Property taxes in Pickton are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Navigating Pickton's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Pickton 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
Pickton, 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 Pickton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pickton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pickton to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Pickton, Texas
Property taxes in Pickton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pickton is 1.06%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Pickton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pickton 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 Pickton's effective property tax rate to other counties in Texas and the national median. For comparison, the 75471 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Pickton 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 Pickton Tax Rate
1.06%
Average Hopkins County Tax Rate
1.66%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pickton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75471 | 0.20% | 0.56% | 1.06% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Pickton, Texas
In Pickton, 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 Pickton, 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. The median home price in Pickton is $162,780, with tax bills ranging from $472 at the 25th percentile to $3,656 at the 90th percentile. The zip code 75471 has the highest median tax bill at $1,226. Being aware of these valuation processes in Pickton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pickton Assessed Value
$162,780
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 Pickton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75471 | $23,082 | $69,930 | $162,780 | $320,350 | $516,392 |
Source: Ownwell
Property Tax Bills Across Pickton, Texas
In Pickton, property tax bills are calculated based on the assessed value of a property, which is determined by the Hopkins County Appraisal District. This assessed value is a percentage of the property's market value, and the tax rate is applied to this assessed value. The median home price in Pickton is $162,780, which provides a baseline for understanding typical tax bills in the area. Several factors influence the final tax bill, including the property's location within specific school districts, municipal boundaries, and any applicable exemptions. Homeowners in Pickton can expect a range of tax bills; the 25th percentile tax bill is $472, while the 75th percentile reaches $2,330, and the 90th percentile climbs to $3,656. These property taxes fund essential services such as public education, emergency services, and infrastructure maintenance. Compared to the national median property tax rate of 0.99%, Pickton's tax rates reflect the local government's funding needs and priorities, directly impacting homeowners' annual financial obligations.
Average Pickton Tax Bill
$1,226
Average Hopkins County Tax Bill
$1,733
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Pickton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75471 | $200 | $472 | $1,226 | $2,330 | $3,656 |
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 |