Hunt, Texas Property Taxes
The median property tax rate in Hunt, TX is 1.38%, which is considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $85,435 in Hunt, the typical annual property tax bill amounts to $1,177, falling below the national median of $2,690. Property taxes in Hunt 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 use. Understanding Hunt'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 Hunt or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hunt, 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 HUNT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HUNT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HUNT 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 Hunt, Texas
Property taxes in Hunt, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hunt is 1.38%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hunt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hunt 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 Hunt's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in the area is also 1.38%, found in the zip code 78024. The lowest median tax rate is the same, 1.38%, also in the zip code 78024. Understanding how these cities compare with Hunt provides valuable insights into the varying tax landscape across Kerr County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hunt Tax Rate
1.38%
Average Real County Tax Rate
1.50%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hunt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78024 | 1.38% | 1.38% | 1.38% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Hunt, Texas
In Hunt, 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 Real 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 Hunt, 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. The median home price in the area is $85,435, and the median tax bill is $1,177. 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 Hunt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hunt Assessed Value
$85,435
Average Real County Assessed Value
$92,626
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hunt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78024 | $85,435 | $85,435 | $85,435 | $85,435 | $85,435 |
Source: Ownwell
Property Tax Bills Across Hunt, Texas
In Hunt, located in Real County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $85,435 in Hunt, homeowners can expect a tax bill around $1,177, which is consistent across various percentiles, including the 25th, 75th, and 90th. Several factors influence the tax bill, including the property's market value, any applicable exemptions, and the specific tax rate set by local taxing authorities. The uniformity in tax bills across different percentiles indicates a relatively stable property tax environment in Hunt. However, this tax rate is higher than the national median property tax rate of 0.99%, affecting homeowners by making property taxes a significant part of their annual expenses. Understanding these factors helps homeowners plan better for their financial commitments related to property ownership.
Average Hunt Tax Bill
$1,177
Average Real County Tax Bill
$1,248
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hunt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78024 | $1,177 | $1,177 | $1,177 | $1,177 | $1,177 |
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 | |
|---|---|
| Real Appraisal District | |
| Website | esearch.realcad.org |