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Wolfe City, Hunt County, Texas Property Taxes

  • Median Wolfe City, TX effective property tax rate: 1.48%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Wolfe City, TX home value: $125,640

  • Median annual Wolfe City, TX tax bill: $1,741, $659 lower than the national median property tax bill of $2,400.

How are property taxes in Hunt calculated?

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

Last Updated March 1, 2025

Wolfe City, Hunt County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.48%

Estimate Property Tax Bill

$1,859

$1,726

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Wolfe City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wolfe City with just two data points. By entering your property's estimated assessed value, our calculator applies Wolfe City’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 Wolfe City, Hunt County, Texas

Local government entities determine tax rates, which can differ significantly across a state. This variation arises because each county annually calculates its necessary budget to deliver services and divides this by the total value of all taxable property within its domain, resulting in the property tax rate. Although votes and legislation play roles in establishing tax rates and budgets, this is essentially the yearly procedure. Wolfe City in Hunt County, TX, showcases an effective property tax rate that aligns with the highest and lowest rates in the area, reflecting a consistent tax landscape. When compared to other cities within Texas and the national median, Wolfe City's rate stands out. The median property tax rate in Texas is notably higher than the national median, illustrating the state's distinct tax environment. Understanding these differences can be crucial for property owners, as they impact annual tax bills and overall property costs.

Property Tax Rates Across Wolfe City, Hunt County, Texas

Source: Ownwell

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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 Wolfe City Tax Rate

1.48%

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 Wolfe City, Hunt County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
754960.84%1.23%1.48%1.99%1.99%

Source: Ownwell

Property Tax Assessment Values Across Wolfe City, Hunt County, Texas

When examining property taxes in Wolfe City, 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.

In Hunt County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Wolfe City. For example, the median home price in Wolfe City is $125,640, with tax bills ranging significantly across the county. 75496 has the highest median home price at $125,640.

Property Tax Assessment Values Across Wolfe City, Hunt County, Texas

Source: Ownwell

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$21,560

$223,990

$426,420

Median Wolfe City Market Value

$125,640

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 Wolfe City, Hunt County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75496$28,550$67,460$125,640$212,045$361,482

Source: Ownwell

Property Tax Bills Across Wolfe City, Hunt County, Texas

In Wolfe City, located in Hunt County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is derived from the home's market value, which is influenced by factors such as location, size, and condition. Homeowners in Wolfe City face a median property tax bill of $1,741, which is significantly lower than the national median property tax bill of $2,400. However, tax bills can vary widely, with the 25th percentile at $1,019 and the 90th percentile reaching $4,270. These variations can impact homeowners' financial planning and budgeting.

Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing property assessments and current market conditions, Ownwell can help identify opportunities to reduce tax liabilities. This can lead to substantial savings for homeowners, ensuring they pay only their fair share. Engaging Ownwell’s services can be a strategic move to manage and potentially lower property tax bills in Wolfe City.

Property Tax Bills Across Wolfe City, Hunt County, Texas

Source: Ownwell

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$384

$4,104

$7,824

Median Wolfe City Tax Bill

$1,741

Median Hunt County Tax Bill

$3,228

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Wolfe City, Hunt County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75496$424$1,019$1,741$2,955$4,270

Source: Ownwell

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