Home
/US Property Taxes
/Texas
/Hunt County
/Terrell

Terrell, Hunt County, Texas Property Taxes

  • Median Terrell, TX effective property tax rate: 1.35%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Terrell, TX home value: $426,420

  • Median annual Terrell, TX tax bill: $5,481, $3,081 higher than the national median property tax bill of $2,400.

How are property taxes in Hunt County calculated?

Property taxes in Terrell, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Terrell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Terrell, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Terrell, Hunt County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.35%

Estimate Property Tax Bill

$5,757

$5,342

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Terrell Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Terrell with just two data points. By entering your property's estimated assessed value, our calculator applies Terrell’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Hunt County — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hunt County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Terrell, Hunt County, Texas

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Terrell, located in Kaufman County, Texas, the effective property tax rate is 1.35%. This rate is higher than the national median property tax rate of 1.02%. Comparatively, the median property tax bill for Terrell is also likely to be above the national median of $2,400. Such rates can significantly impact homeowners, making property tax appeals and exemptions essential services for many residents. Understanding these local tax dynamics can help property owners make informed decisions and potentially reduce their tax burden. By staying informed about local tax rates and exploring available exemptions, homeowners can better manage their property tax expenses.

Property Tax Rates Across Terrell, Hunt County, Texas

Source: Ownwell

Loading...

1.13%

1.94%

2.74%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Terrell Tax Rate

1.35%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Hunt County Tax Rate

1.69%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Terrell, Hunt County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
751600.81%1.12%1.35%1.58%1.71%

Source: Ownwell

Property Tax Assessment Values Across Terrell, Hunt County, Texas

When examining property taxes in Terrell, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hunt County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes, or the amount multiplied by your tax rate to get your tax bill. Assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Terrell. For example, the median home price in Terrell is $426,420, with tax bills ranging significantly across the county. Zip code 75160 has the highest median home price at $426,420.

Property Tax Assessment Values Across Terrell, Hunt County, Texas

Source: Ownwell

Loading...

$21,560

$223,990

$426,420

Median Terrell Market Value

$426,420

Median Hunt County Market Value

$198,210

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Terrell, Hunt County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75160$80,210$236,730$426,420$561,530$733,726

Source: Ownwell

Property Tax Bills Across Terrell, Hunt County, Texas

In Terrell, located in Hunt County, TX, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. With a median home price of $426,420, property taxes can vary significantly. Homeowners in this area face a median property tax bill that can range from $2,589 at the 25th percentile to $9,518 at the 90th percentile, reflecting the diverse property values across the region. The highest median tax bill in Terrell is $5,481, which aligns with the lowest median tax bill, both found in the zip code 75160. These figures highlight the potential financial burden on homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax liabilities. By leveraging expert knowledge and local data, Ownwell can help ensure that property taxes are fair and equitable, offering significant savings for homeowners in Terrell.

Property Tax Bills Across Terrell, Hunt County, Texas

Source: Ownwell

Loading...

$384

$4,104

$7,824

Median Terrell Tax Bill

$5,481

Median Hunt County Tax Bill

$3,228

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Terrell, Hunt County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75160$1,046$2,589$5,481$7,483$9,518

Source: Ownwell

Don't miss the deadline to protest!