Spearman, Hutchinson County, Texas Property Taxes

Name: Property Tax Bills Across Spearman, Hutchinson County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Spearman, TX effective property tax rate: 1.66%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%. Median Spearman, TX home value: $110,440. Median annual Spearman, TX tax bill: $1,834, $566 lower than the national median property tax bill of $2,400.

How are property taxes in Hutchinson calculated?

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

Last Updated March 1, 2025

Spearman, Hutchinson County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.66%

Estimate Property Tax Bill

$1,833

$1,701

Ownwell’s Spearman Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Spearman with just two data points. By entering your property's estimated assessed value, our calculator applies Spearman’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 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 Hutchinson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Spearman, Hutchinson County, Texas

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget 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. Below, you can compare Spearman’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Spearman in Hutchinson County has a median property tax rate of 1.66%, which is significantly higher than the national median of 1.02%. This places Spearman among the areas with the highest property tax rates in the state. Despite the higher rate, it is important to consider the value of services provided by the local government. The rate reflects the community's investment in maintaining and improving public resources, which ultimately benefits the residents. Understanding these rates can help property owners make informed decisions and explore potential savings through appeals or exemptions.

Property Tax Rates Across Spearman, Hutchinson County, Texas

Source: Ownwell

1.61%

2.04%

2.47%

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 Spearman Tax Rate

1.66%

Median Effective Hutchinson County Tax Rate

2.19%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Spearman, Hutchinson County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79081	1.46%	1.52%	1.66%	1.67%	1.68%

Source: Ownwell

Property Tax Assessment Values Across Spearman, Hutchinson County, Texas

When examining property taxes in Spearman, 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 Hutchinson 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: In Hutchinson County, 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 Spearman. For example, the median home price in Spearman is $110,440, with tax bills ranging significantly across the county. 79081 has the highest median home price at $110,440.

Property Tax Assessment Values Across Spearman, Hutchinson County, Texas

Source: Ownwell

$23,505

$70,053

$116,600

Median Spearman Market Value

$110,440

Median Hutchinson County Market Value

$60,035

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Spearman, Hutchinson County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79081	$20,028	$54,235	$110,440	$123,875	$196,656

Source: Ownwell

Property Tax Bills Across Spearman, Hutchinson County, Texas

In Spearman, located in Hutchinson County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county appraisal district and reflects the market value of the property. The property tax rate is then applied to this assessed value to calculate the tax bill. For homeowners in Spearman, the median home price stands at $110,440. Homeowners can expect a tax bill that may range from the 25th percentile at $870 to the 90th percentile at $3,271, depending on various factors such as property size and location. The median property tax bill in Spearman is $1,834, which is below the national median of $2,400. This lower tax burden can be advantageous, but it's still crucial for homeowners to ensure they're not overpaying. Ownwell can assist by providing expert property tax appeal and exemption services, potentially reducing tax bills by ensuring accurate assessments and identifying applicable exemptions. This service can lead to significant savings and peace of mind for homeowners.

Property Tax Bills Across Spearman, Hutchinson County, Texas

Source: Ownwell

$435

$1,135

$1,834

Median Spearman Tax Bill

$1,834

Median Hutchinson County Tax Bill

$1,285

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Spearman, Hutchinson County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79081	$299	$870	$1,834	$1,978	$3,271

Source: Ownwell