Campbell, Texas Property Taxes
The median property tax rate in Campbell, TX is 1.20%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $145,260 in Campbell, the typical annual property tax bill is $1,559, lower than the national median of $2,690. Property taxes in Campbell are calculated based on the assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Campbell'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 Campbell or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Campbell, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$1,743
$1,618
$1,148
Average Tax Savings
Ownwell’s Campbell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Campbell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Campbell to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Campbell. 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 Campbell, Texas
Property taxes in Campbell, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Campbell is 1.20%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Campbell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Campbell 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 Campbell's effective property tax rate to other counties in Texas and the national median. For comparison, the 75422 zip code has the highest median property tax rate of 1.20%, while the 75422 zip code has the lowest median tax rate of 1.20%. Understanding how these cities compare with Campbell provides valuable insights into the varying tax landscape across Hunt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Campbell Tax Rate
1.20%
Average Hunt County Tax Rate
1.69%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Campbell, Texas
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
75422 | 0.70% | 1.05% | 1.20% | 1.43% | 1.54% |
Source: Ownwell
$1,148
Average Campbell Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Campbell, Texas
In Campbell, 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 Hunt 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 Campbell, 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. For instance, the median home price in Campbell is $145,260, with tax bills ranging significantly. The 25th percentile tax bill is $589, while the 75th percentile reaches $3,700, and the 90th percentile soars to $5,707. The zip code with the highest median tax bill is 75422 at $1,559. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Campbell Assessed Value
$145,260
Average Hunt County Assessed Value
$198,210
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Campbell, Texas
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
75422 | $17,010 | $50,585 | $145,260 | $324,660 | $505,122 |
Source: Ownwell
$1,148
Average Campbell Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Campbell, Texas
In Campbell, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the Hunt County Appraisal District, which estimates your property's market value. This value is then multiplied by the local tax rate to determine your annual property tax bill. For instance, with a median home price of $145,260, homeowners can expect varying tax bills. The 25th percentile tax bill is around $589, while the 75th percentile reaches up to $3,700, and the 90th percentile can go as high as $5,707. These tax bills can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. However, Ownwell can help homeowners in Campbell reduce their property tax bills by providing expert property tax appeal and exemption services. Our team reviews your property assessment for errors and works to ensure you are not overpaying. By leveraging our expertise, you can potentially save hundreds or even thousands of dollars annually on your property taxes.
Average Campbell Tax Bill
$1,559
Average Hunt County Tax Bill
$3,228
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Campbell, Texas
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
75422 | $167 | $589 | $1,559 | $3,700 | $5,707 |
Source: Ownwell
$1,148
Average Campbell Tax Savings
Save on your property taxes & more with 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 | |
---|---|
Hunt Appraisal District | |
Website | esearch.hunt-cad.org |
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