Pecan Gap, Texas Property Taxes
The median property tax rate in Pecan Gap, TX is 1.28%, 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 Pecan Gap at $129,555, the typical annual property tax bill amounts to $1,363, falling below the national median of $2,690. Property taxes in Pecan Gap are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Grasping Pecan Gap's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Pecan Gap or another part of Hunt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pecan Gap, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$1,658
$1,534
$1,148
Average Pecan Gap, Texas Tax Savings
Ownwell’s Pecan Gap Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pecan Gap with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pecan Gap 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 Pecan Gap. 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 Pecan Gap, Texas
Property taxes in Pecan Gap, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pecan Gap is 1.28%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Pecan Gap set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pecan Gap 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 Pecan Gap's effective property tax rate to other counties in Texas and the national median. For comparison, the 75469 zip code has the highest median property tax rate of 1.28%, while the 75469 zip code has the lowest median tax rate of 1.28%. Understanding how these cities compare with Pecan Gap 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 Pecan Gap Tax Rate
1.28%
Average Hunt County Tax Rate
1.69%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pecan Gap, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75469 | 0.59% | 0.93% | 1.28% | 1.37% | 1.37% |
Source: Ownwell
$1,148
Average Pecan Gap Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Pecan Gap, Texas
In Pecan Gap, 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 Pecan Gap, 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. Being aware of these valuation processes in Pecan Gap helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,363 in zip code 75469, which is also the lowest median tax bill.
Average Pecan Gap Assessed Value
$129,555
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 Pecan Gap, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75469 | $79,328 | $106,118 | $129,555 | $146,630 | $154,269 |
Source: Ownwell
$1,148
Average Pecan Gap Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Pecan Gap, Texas
In Pecan Gap, Hunt County, TX, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is influenced by the market value of the home, which in this area has a median price of $129,555. Homeowners in Pecan Gap typically see tax bills ranging from $876 at the 25th percentile to $1,563 at the 75th percentile, with the highest median tax bill recorded at $1,363 in the 75469 zip code. These tax bills can significantly impact homeowners' finances, making it crucial to ensure that assessments are accurate. Ownwell offers specialized property tax appeal and exemption services to help homeowners reduce their tax burden. By conducting thorough market analysis and leveraging local tax laws, Ownwell can identify discrepancies in assessed values and file appeals on behalf of homeowners. This can lead to substantial savings, providing financial relief and ensuring that homeowners only pay their fair share.
Average Pecan Gap Tax Bill
$1,363
Average Hunt County Tax Bill
$3,228
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Pecan Gap, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75469 | $591 | $876 | $1,363 | $1,563 | $1,762 |
Source: Ownwell
$1,148
Average Pecan Gap 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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