Happy, Texas Property Taxes
The median property tax rate in Happy, TX is 0.95%, slightly below the national median of 0.99% and significantly lower than the Texas state median of 1.67%. With a median home value in Happy, the typical annual property tax bill is $2,014, which is less than the national median of $2,690. Property taxes in Happy are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Happy's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Happy or another part of Randall County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Happy, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Happy, Texas Tax Savings
Ownwell’s HAPPY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HAPPY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HAPPY 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 HAPPY. 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 Happy, Texas
Property taxes in Happy, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Happy is 1.39%, higher than both the Texas state median of 1.8% and the U.S. national median of 0.99%. Local government entities within Happy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Happy 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 Happy's effective property tax rate to other counties in Texas and the national median. For comparison, the 79042 zip code has the highest median property tax rate of 1.39%, while the 79042 zip code has the lowest median tax rate of 1.39%. Understanding how these cities compare with Happy provides valuable insights into the varying tax landscape across Randall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Happy Tax Rate
0.95%
Average Randall County Tax Rate
1.78%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Happy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79042 | 0.30% | 0.79% | 0.95% | 1.22% | 1.36% |
Source: Ownwell
$1,148
Average Happy Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Happy, Texas
In Happy, 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 Randall 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 Happy, 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 Happy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 79042, at $2,014, while the lowest is also 79042, reflecting a uniform tax rate across the area.
Average Happy Assessed Value
$222,638
Average Randall County Assessed Value
$225,053
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Happy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79042 | $18,929 | $84,854 | $222,638 | $307,238 | $492,471 |
Source: Ownwell
$1,148
Average Happy Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Happy, Texas
In Happy, located in Randall 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 Happy is $222,638, and the property tax rate is notably higher than the national median of 0.99%. Tax bills can vary significantly, with the 25th percentile at $697 and the 75th percentile reaching $3,141, while the 90th percentile can go as high as $4,998. These variations are influenced by factors like property size, location, and improvements. High property taxes can be a burden for homeowners, but Ownwell offers a solution. By providing property tax appeal and exemption services, Ownwell helps homeowners ensure their property is assessed accurately, potentially lowering their tax bills. With expert knowledge of local tax codes and a commitment to customer savings, Ownwell can identify discrepancies and advocate on your behalf, helping you save significantly on your property taxes.
Average Happy Tax Bill
$2,014
Average Randall County Tax Bill
$4,007
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Happy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79042 | $211 | $697 | $2,014 | $3,141 | $4,998 |
Source: Ownwell
$1,148
Average Happy 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 | |
|---|---|
| Randall Appraisal District | |
| Website | www.prad.org |
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