Hale Center, Texas Property Taxes
The median property tax rate in Hale Center, TX is 1.04%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $347,900 in Hale Center, the typical annual property tax bill amounts to $3,118, surpassing the national median of $2,690. Property taxes in Hale Center are based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Hale Center'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 Hale Center or another part of Lamb County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hale Center, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$3,618
$3,348
Ownwell’s Hale Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hale Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hale Center 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 Hale Center, Texas
Property taxes in Hale Center, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hale Center is 1.04%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hale Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hale Center 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 Hale Center's effective property tax rate to other counties in Texas and the national median. For comparison, the 79041 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Hale Center provides valuable insights into the varying tax landscape across Lamb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hale Center Tax Rate
1.04%
Average Lamb County Tax Rate
2.05%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hale Center, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79041 | 0.74% | 0.85% | 1.04% | 1.22% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Hale Center, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hale Center, Texas. 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 Lamb 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 Hale Center, 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 highest median tax bill in Hale Center is $3,118 in the 79041 zip code, while the lowest is also $3,118 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hale Center Assessed Value
$347,900
Average Lamb County Assessed Value
$37,240
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hale Center, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79041 | $104,628 | $195,855 | $347,900 | $384,875 | $407,060 |
Source: Ownwell
Property Tax Bills Across Hale Center, Texas
In Hale Center, located in Lamb County, TX, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and reflects a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors influencing the tax bill include the property's location, size, and any applicable exemptions or deductions. For instance, the median home price in Hale Center is $347,900, which provides a reference point for understanding typical tax bills in the area. Homeowners in the 25th percentile might expect tax bills around $1,705, while those in the 75th percentile could see bills as high as $4,531. At the 90th percentile, tax bills can reach up to $5,379. These property taxes fund essential public services such as schools, police, and infrastructure, directly affecting the quality of life for homeowners. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Hale Center Tax Bill
$3,118
Average Lamb County Tax Bill
$638
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hale Center, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79041 | $858 | $1,705 | $3,118 | $4,531 | $5,379 |
Source: Ownwell