Commerce, Texas Property Taxes
The median property tax rate in Commerce, TX is 2.59%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Commerce at $135,820, the typical annual property tax bill reaches $2,809, surpassing the national median of $2,690. Property taxes in Commerce are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Commerce'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 Commerce 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
Commerce, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.59%
Estimate Property Tax Bill
$3,518
$3,264
$1,148
Average Tax Savings
Ownwell’s Commerce Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Commerce with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Commerce 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 Commerce. 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 Commerce, Texas
Property taxes in Commerce, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Commerce is 2.59%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Commerce set these rates annually, and they can vary significantly across different neighborhoods. Each year, Commerce 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 Commerce's effective property tax rate to other counties in Texas and the national median. For comparison, the 75428 zip code has the highest median property tax rate of 2.59%, while 75496 has the lowest median tax rate of 1.79%. Understanding how these cities compare with Commerce 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 Commerce Tax Rate
2.59%
Average Hunt County Tax Rate
1.69%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Commerce, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75401 | 0.12% | 0.12% | 0.13% | 0.15% | 0.15% |
| 75422 | 1.79% | 1.79% | 1.79% | 1.79% | 1.79% |
| 75428 | 1.41% | 1.79% | 2.59% | 2.59% | 2.59% |
| 75496 | 1.79% | 1.79% | 1.79% | 1.79% | 1.79% |
Source: Ownwell
$1,148
Average Commerce Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Commerce, Texas
In Commerce, 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 Commerce, 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. For instance, the median home price in Commerce is $135,820, and property tax bills can range significantly. The 25th percentile tax bill is around $1,505, while the 75th percentile is approximately $4,481, and the 90th percentile reaches up to $6,108. The highest median tax bill in the region is $12,797 in the 75422 zip code, while the lowest is $193 in the 75401 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Commerce Assessed Value
$135,820
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 Commerce, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75401 | $67,108 | $103,435 | $163,980 | $224,525 | $260,852 |
| 75422 | $345,558 | $483,870 | $714,390 | $944,910 | $1,083,222 |
| 75428 | $34,476 | $70,610 | $135,795 | $199,170 | $290,047 |
| 75496 | $167,640 | $167,640 | $167,640 | $167,640 | $167,640 |
Source: Ownwell
$1,148
Average Commerce Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Commerce, Texas
In Commerce, Hunt County, TX, property tax bills are calculated based on the assessed value of the home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Commerce homeowners face a median home price of $135,820, which results in a range of tax bills. For instance, homeowners in the 25th percentile pay around $1,505, while those in the 75th percentile pay up to $4,481. The highest median tax bill in the area can reach $12,797, while the lowest is just $193. High property taxes can be a burden, but Ownwell offers a solution. By leveraging our expertise in property tax appeals and exemptions, we can help homeowners in Commerce potentially reduce their tax bills. Our team reviews property assessments and identifies opportunities for savings, ensuring you only pay your fair share.
Average Commerce Tax Bill
$2,809
Average Hunt County Tax Bill
$3,228
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Commerce, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75401 | $93 | $130 | $193 | $256 | $293 |
| 75422 | $6,190 | $8,668 | $12,797 | $16,926 | $19,404 |
| 75428 | $647 | $1,507 | $2,807 | $4,477 | $6,097 |
| 75496 | $3,003 | $3,003 | $3,003 | $3,003 | $3,003 |
Source: Ownwell
$1,148
Average Commerce 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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