Horizon City, Texas Property Taxes
The median property tax rate in Horizon City, TX is 1.48%, 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 Horizon City at $47,739, the typical annual property tax bill is around $705, significantly below the national median of $2,690. Property taxes in Horizon City are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Horizon City'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 Horizon City or another part of Hudspeth County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Horizon City, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$707
$654
Ownwell’s Horizon City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Horizon City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Horizon City to provide an accurate estimate of your property tax bill. This intuitive tool helps you understand potential tax liabilities, ensuring you are well-prepared for any financial obligations. If you’re interested in exploring trends at a neighborhood level, scroll down for more localized information. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Horizon City, Texas
Property taxes in Horizon City, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Horizon City is 1.48%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Horizon City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Horizon City 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 Horizon City's effective property tax rate to other counties in Texas and the national median. For comparison, the 79928 zip code has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Horizon City provides valuable insights into the varying tax landscape across Hudspeth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Horizon City Tax Rate
1.48%
Average Hudspeth County Tax Rate
1.77%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Horizon City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79928 | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Horizon City, Texas
In Horizon City, 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 Hudspeth 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 Horizon City, 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. The median home price in Horizon City is $47,739, with tax bills for the 25th, 75th, and 90th percentiles all at $705. The zip code 79928 has both the highest and lowest median tax bills at $705. 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 Horizon City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Horizon City Assessed Value
$47,739
Average Hudspeth County Assessed Value
$28,021
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Horizon City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79928 | $47,739 | $47,739 | $47,739 | $47,739 | $47,739 |
Source: Ownwell
Property Tax Bills Across Horizon City, Texas
In Horizon City, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in this area is $47,739. Property tax rates in Horizon City are influenced by various local factors, including municipal budgets and public service funding needs. Homeowners in Horizon City face a median property tax bill of $705, which is significantly lower than the national median property tax rate of 0.99%. The tax bill is derived by applying the local tax rate to the assessed value of the property. For instance, with a median home price of $47,739, the tax rate results in a median tax bill of $705. This amount remains consistent across different percentiles, including the 25th, 75th, and 90th percentiles, indicating a uniform tax rate across the board. This relatively low property tax burden can make Horizon City an attractive location for homeowners looking to minimize their annual expenses.
Average Horizon City Tax Bill
$705
Average Hudspeth County Tax Bill
$484
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Horizon City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79928 | $705 | $705 | $705 | $705 | $705 |
Source: Ownwell