Henrietta, Texas Property Taxes
The median property tax rate in Henrietta, TX is 0.95%, slightly lower than the national median of 0.99% and significantly below the Texas state median of 1.67%. With the median home value in Henrietta at $285,820, the typical annual property tax bill comes to $2,331, which is less than the national median of $2,690. Property taxes in Henrietta are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Henrietta'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 Henrietta 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
Henrietta, 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 Henrietta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Henrietta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Henrietta 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 Henrietta, Texas
Property taxes in Henrietta, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Henrietta is 1.83%, which is significantly higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Henrietta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Henrietta 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 Henrietta's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate within the county is 1.83%, while the lowest median tax rate is also 1.83%. Understanding how these cities compare with Henrietta provides valuable insights into the varying tax landscape across Jack County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Henrietta Tax Rate
0.95%
Average Jack County Tax Rate
1.42%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Henrietta, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76365 | 0.31% | 0.61% | 0.95% | 1.19% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Henrietta, Texas
In Henrietta, 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 Jack 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. Assessment notices in Henrietta 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 Henrietta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Henrietta, the highest median tax bill is $2,331 in the 76365 zip code, while the lowest median tax bill is also $2,331 in the same zip code.
Average Henrietta Assessed Value
$285,820
Average Jack County Assessed Value
$110,330
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Henrietta, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76365 | $137,230 | $197,695 | $285,820 | $415,120 | $1,172,760 |
Source: Ownwell
Property Tax Bills Across Henrietta, Texas
In Henrietta, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate in Jack County is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the market value of the property, recent sales data, and any improvements or changes made to the property. Homeowners in Henrietta can expect their property tax bills to vary widely. For instance, the tax bill at the 25th percentile is $1,613, while at the 75th percentile, it rises to $3,677. Those in the 90th percentile face even higher bills, reaching up to $6,834. Compared to the national median property tax rate of 0.99%, the figures in Henrietta indicate significant variability, which can impact homeowners' financial planning. Understanding these factors can help homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Henrietta Tax Bill
$2,331
Average Jack County Tax Bill
$1,539
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Henrietta, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76365 | $1,127 | $1,613 | $2,331 | $3,677 | $6,834 |
Source: Ownwell