Sanford, Hutchinson County, Texas Property Taxes
The median property tax rate in Sanford, TX is 1.70%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Sanford at $23,505, the typical annual property tax bill reaches $435, which is significantly lower than the national median of $2,690. Property taxes in Sanford 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 Sanford'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 Sanford 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
Sanford, Hutchinson County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.7%
Estimate Property Tax Bill
$400
$371
Ownwell’s Sanford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sanford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sanford to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Sanford, Hutchinson County, Texas
Property taxes in Sanford, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sanford is 1.70%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Sanford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sanford 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 Sanford's effective property tax rate to other counties in Texas and the national median. For comparison, the 79078 zip code has the highest median property tax rate of 1.70%, while the same 79078 zip code also has the lowest median tax rate of 1.70%. Understanding how these cities compare with Sanford provides valuable insights into the varying tax landscape across Hutchinson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sanford Tax Rate
1.70%
Average Hutchinson County Tax Rate
2.19%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sanford, Hutchinson County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79078 | 1.63% | 1.70% | 1.70% | 1.92% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Sanford, Hutchinson County, Texas
In Sanford, 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 Hutchinson 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 Sanford, 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 Sanford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 79078, with a median of $435, which is also the lowest median tax bill.
Property Tax Assessment Values Across Sanford, Hutchinson County, Texas
Source: Ownwell
$23,505
$70,053
$116,600
Average Sanford Assessed Value
$23,505
Average Hutchinson County Assessed Value
$60,035
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sanford, Hutchinson County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79078 | $2,145 | $9,132 | $23,505 | $45,555 | $80,369 |
Source: Ownwell
Property Tax Bills Across Sanford, Hutchinson County, Texas
In Sanford, located in Hutchinson County, TX, property tax bills are calculated based on the assessed value of a home. The median home price in Sanford is $23,505. Tax authorities determine the assessed value, which is then multiplied by the local tax rate to calculate the annual tax bill. For the 25th percentile, the tax bill is around $162, while it rises to $790 at the 75th percentile. At the 90th percentile, homeowners can expect to pay approximately $1,344. Several factors influence the tax bill, including property size, location, and market conditions. Homeowners in Sanford experience varying tax burdens, with the highest and lowest median tax bills both recorded at $435 in the 79078 zip code. Comparatively, the national median property tax rate stands at 0.99%, making Sanford's rates relatively moderate. Understanding these factors helps homeowners anticipate their tax liabilities and plan their finances accordingly.
Average Sanford Tax Bill
$435
Average Hutchinson County Tax Bill
$1,285
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Sanford, Hutchinson County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79078 | $37 | $162 | $435 | $790 | $1,344 |
Source: Ownwell