Josephine, Texas Property Taxes
The median property tax rate in Josephine, TX is 2.74%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Josephine, the typical annual property tax bill reaches $7,762, exceeding the national median of $2,690. Property taxes in Josephine 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 Josephine'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 Josephine 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
Josephine, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Josephine, Texas Tax Savings
Ownwell’s Josephine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Josephine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Josephine 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 Josephine. 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 Josephine, Texas
Property taxes in Josephine, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Josephine is 2.53%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Josephine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Josephine 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 Josephine's effective property tax rate to other counties in Texas and the national median. For comparison, the 75001 zip code has the highest median property tax rate of 2.53%, while the 75002 zip code has the lowest median tax rate of 1.84%. Understanding how these cities compare with Josephine 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 Josephine Tax Rate
2.74%
Average Hunt County Tax Rate
1.69%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Josephine, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75135 | 1.78% | 1.79% | 1.86% | 2.21% | 2.26% |
| 75164 | 2.74% | 2.74% | 2.74% | 2.74% | 2.74% |
| 75189 | 2.64% | 2.64% | 2.74% | 2.74% | 2.74% |
Source: Ownwell
$1,148
Average Josephine Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Josephine, Texas
In Josephine, 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 Josephine, 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 zip code with the highest median tax bill is 75189 at $7,824, while the lowest median tax bill is in zip code 75135 at $6,851. 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 Josephine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Josephine Assessed Value
$290,340
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 Josephine, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75135 | $337,429 | $341,788 | $351,820 | $384,412 | $456,514 |
| 75164 | $239,125 | $258,198 | $271,495 | $297,562 | $317,950 |
| 75189 | $256,453 | $265,640 | $290,865 | $307,762 | $317,536 |
Source: Ownwell
$1,148
Average Josephine Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Josephine, Texas
In Josephine, Texas, 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 property tax bill. For instance, with a median home price of $290,340, homeowners in Josephine can expect tax bills ranging from $7,121 at the 25th percentile to $8,712 at the 90th percentile. The highest median tax bill in the area is $7,824 in the 75189 zip code, while the lowest is $6,851 in the 75135 zip code. Several factors influence the assessed value, including property size, location, and market conditions. High property taxes can significantly impact homeowners, making it essential to explore ways to reduce these costs. Ownwell can help homeowners in Josephine by providing expert property tax appeal and exemption services. By identifying discrepancies in property assessments and filing appeals, Ownwell helps clients potentially save thousands on their annual tax bills.
Average Josephine Tax Bill
$7,762
Average Hunt County Tax Bill
$3,228
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Josephine, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75135 | $6,210 | $6,320 | $6,851 | $7,897 | $9,379 |
| 75164 | $6,555 | $7,078 | $7,442 | $8,157 | $8,716 |
| 75189 | $6,839 | $7,265 | $7,824 | $8,218 | $8,671 |
Source: Ownwell
$1,148
Average Josephine 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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