Hankamer, Texas Property Taxes
The median property tax rate in Hankamer, TX is 0.43%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Hankamer at $416,900, the typical annual property tax bill reaches $1,803, which is well below the national median of $2,690. Property taxes in Hankamer 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 Hankamer'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 Hankamer 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
Hankamer, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$1,793
$1,664
$1,148
Average Tax Savings
Ownwell’s Hankamer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hankamer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hankamer to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Hankamer. 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 Hankamer, Texas
Property taxes in Hankamer, Texas, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Hankamer is 0.43%, which is lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Hankamer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hankamer 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 Hankamer's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 77560 has both the highest and lowest median property tax rate of 0.43%. Understanding how these cities compare with Hankamer provides valuable insights into the varying tax landscape across Liberty County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hankamer Tax Rate
0.43%
Average Liberty County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hankamer, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77560 | 0.43% | 0.43% | 0.43% | 0.43% | 0.43% |
Source: Ownwell
$1,148
Average Hankamer Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hankamer, Texas
In Hankamer, 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 Liberty 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 Hankamer, 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 Hankamer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bills is 77560, with a median tax bill of $1,803.
Average Hankamer Assessed Value
$416,900
Average Liberty County Assessed Value
$88,865
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hankamer, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77560 | $416,900 | $416,900 | $416,900 | $416,900 | $416,900 |
Source: Ownwell
$1,148
Average Hankamer Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hankamer, Texas
In Hankamer, Liberty County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Hankamer is $416,900, and the property tax rate in Texas is generally higher than the national median of 0.99%. This results in a median property tax bill of $1,803, which is consistent across various percentiles. Factors influencing your tax bill include the assessed value of your property and any applicable exemptions. Homeowners in Hankamer can see significant impacts on their finances due to these property taxes. Ownwell can help homeowners in Hankamer save on their property tax bills by identifying potential inaccuracies in property assessments and filing appeals on their behalf. By leveraging expertise in local property tax laws and valuation methods, Ownwell ensures homeowners pay only their fair share, potentially saving hundreds or even thousands of dollars annually.
Average Hankamer Tax Bill
$1,803
Average Liberty County Tax Bill
$1,071
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hankamer, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77560 | $1,803 | $1,803 | $1,803 | $1,803 | $1,803 |
Source: Ownwell
$1,148
Average Hankamer Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Liberty Appraisal District | |
| Website | esearch.libertycad.com |
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