Hext, Menard County, Texas Property Taxes
The median property tax rate in HEXT, TX is 2.13%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in HEXT, the typical annual property tax bill reaches $998, which is below the national median of $2,690. Property taxes in HEXT 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 HEXT'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 HEXT 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
Hext, Menard County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.13%
Estimate Property Tax Bill
$1,153
$1,070
Ownwell’s HEXT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HEXT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HEXT 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 Hext, Menard County, Texas
Property taxes in HEXT, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in HEXT is 2.13%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within HEXT set these rates annually, and they can vary significantly across different neighborhoods. Each year, HEXT 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 HEXT's effective property tax rate to other counties in Texas and the national median. For comparison, the 76848 zip code has the highest median property tax rate of 2.13%, while the 76848 zip code has the lowest median tax rate of 2.13%. Understanding how these cities compare with HEXT provides valuable insights into the varying tax landscape across Menard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hext Tax Rate
2.13%
Average Menard County Tax Rate
2.69%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hext, Menard County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76848 | 1.33% | 2.13% | 2.13% | 2.16% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Hext, Menard County, Texas
In HEXT, 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 Menard 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 HEXT, 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 example, in the zip code 76848, the median tax bill is $998. By being aware of these valuation processes in HEXT, homeowners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Hext, Menard County, Texas
Source: Ownwell
$54,140
$82,775
$111,410
Average Hext Assessed Value
$54,140
Average Menard County Assessed Value
$57,440
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hext, Menard County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76848 | $25,776 | $36,980 | $54,140 | $125,380 | $202,552 |
Source: Ownwell
Property Tax Bills Across Hext, Menard County, Texas
In HEXT, located in Menard County, TX, property tax bills are determined based on the assessed value of a home. The assessed value is derived from the market value of the property, which is then multiplied by the local tax rate. For homeowners in HEXT, the median home price stands at $54,140. Property tax bills can vary significantly within the area, ranging from the 25th percentile at $663 to the 75th percentile at $1,735, and reaching up to the 90th percentile at $3,567. Several factors influence these tax bills, including the property’s assessed value, local tax rates, and any applicable exemptions. Homeowners in Menard County experience a median tax bill of $998, which is in line with the lowest and highest median tax bills recorded in the area. Compared to the national median property tax rate of 0.99%, homeowners in HEXT may find their tax obligations to be relatively manageable, although individual circumstances can vary widely. These property taxes directly impact homeowners by influencing their annual financial planning and the overall cost of homeownership.
Average Hext Tax Bill
$998
Average Menard County Tax Bill
$1,348
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hext, Menard County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76848 | $414 | $663 | $998 | $1,735 | $3,567 |
Source: Ownwell