Hondo, Texas Property Taxes
The median property tax rate in Hondo, TX is 1.55%, which is considerably higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With a median home value of $111,700, the typical annual property tax bill in Hondo reaches $1,605, still below the national median of $2,690. Property taxes in Hondo are calculated 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 properties. Understanding Hondo'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 Hondo or another part of Medina County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hondo, 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 Hondo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hondo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hondo 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 Hondo, Texas
Property taxes in Hondo, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hondo is 1.55%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Hondo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hondo 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 Hondo's effective property tax rate to other counties in Texas and the national median. For comparison, the 78861 zip code has the highest median property tax rate of 1.55%, while the same zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Hondo provides valuable insights into the varying tax landscape across Medina County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hondo Tax Rate
1.55%
Average Medina County Tax Rate
1.52%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hondo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78861 | 0.68% | 1.06% | 1.55% | 2.05% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Hondo, Texas
In Hondo, 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 Medina 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 Hondo, 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 Hondo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Hondo, the zip code 78861 has both the highest and lowest median tax bill, which is $1,605.
Average Hondo Assessed Value
$111,700
Average Medina County Assessed Value
$140,520
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hondo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78861 | $18,770 | $50,050 | $111,700 | $226,530 | $353,506 |
Source: Ownwell
Property Tax Bills Across Hondo, Texas
In Hondo, located in Medina County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which estimates the market value of the property. This value is then multiplied by the local tax rate to calculate the annual tax bill. Factors considered in determining the tax bill include the property's location, size, and any improvements made. For Hondo, the median home price is $111,700, and property tax rates can vary, leading to a range of tax bills. Homeowners in the 25th percentile can expect to pay around $688 annually, while those in the 75th percentile might see bills as high as $3,340. The top 10% of property tax bills can go up to $5,423. These taxes fund essential public services such as schools, roads, and emergency services, directly impacting the community. Understanding how property tax bills are calculated helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Hondo Tax Bill
$1,605
Average Medina County Tax Bill
$1,930
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hondo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78861 | $269 | $688 | $1,605 | $3,340 | $5,423 |
Source: 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 | |
|---|---|
| Medina Appraisal District | |
| Website | esearch.medinacad.org |