Stinnett, Texas Property Taxes
The median property tax rate in Stinnett, TX is 2.39%, significantly higher than both the national median of 0.99% and Texas's state median of 1.67%. With the median home value in Stinnett at $67,140, the typical annual property tax bill reaches $1,294, which is below the national median of $2,690. Property taxes in Stinnett 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 Stinnett'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 Stinnett 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
Stinnett, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Stinnett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stinnett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stinnett 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 Stinnett, Texas
Property taxes in Stinnett, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stinnett is 2.39%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Stinnett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stinnett 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 Stinnett's effective property tax rate to other counties in Texas and the national median. For comparison, the 79083 zip code has the highest median property tax rate of 2.39%, while it also has the lowest median tax rate of 2.39%. Understanding how these cities compare with Stinnett 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 Stinnett Tax Rate
2.39%
Average Hutchinson County Tax Rate
2.19%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stinnett, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79083 | 1.57% | 1.73% | 2.39% | 2.52% | 2.52% |
Source: Ownwell
Property Tax Assessment Values Across Stinnett, Texas
In Stinnett, 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 Stinnett, 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. For instance, the median home price in Stinnett is $67,140, with tax bills ranging from $518 at the 25th percentile to $3,411 at the 90th percentile. The highest and lowest median tax bills are both $1,294 in zip code 79083. Being aware of these valuation processes in Stinnett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stinnett Assessed Value
$67,140
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 Stinnett, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79083 | $6,190 | $25,275 | $67,140 | $114,315 | $161,382 |
Source: Ownwell
Property Tax Bills Across Stinnett, Texas
In Stinnett, property tax bills are calculated based on the assessed value of a home, which is determined by the Hutchinson County appraisal district. For example, if a home’s assessed value is $67,140, the property tax rate is applied to this value to determine the tax bill. The tax rate in Stinnett is influenced by various local taxing entities, including schools, municipalities, and other special districts. Factors that affect the tax bill include the market value of the property, any applicable exemptions, and the specific tax rates set by local authorities. Homeowners in Stinnett can expect a wide range of tax bills. For instance, the 25th percentile tax bill is around $518, while the 75th percentile tax bill reaches approximately $2,352. At the higher end, the 90th percentile tax bill can be as much as $3,411. These property taxes significantly impact homeowners by contributing to public services like education, infrastructure, and emergency services. Understanding how these factors interact can help homeowners better anticipate their annual property tax obligations.
Average Stinnett Tax Bill
$1,294
Average Hutchinson County Tax Bill
$1,285
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Stinnett, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79083 | $143 | $518 | $1,294 | $2,352 | $3,411 |
Source: Ownwell