Hearne, Texas Property Taxes
The median property tax rate in Hearne, TX is 1.22%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Hearne at $101,624, the typical annual property tax bill amounts to $1,046, which is below the national median of $2,690. Property taxes in Hearne are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural use. Understanding Hearne'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 Hearne or another part of the city, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hearne, 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 Hearne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hearne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hearne 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 Robertson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Hearne, Texas
Property taxes in Hearne, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hearne is 1.22%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hearne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hearne 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 Hearne's effective property tax rate to other counties in Texas and the national median. For comparison, the 77859 zip code has the highest median property tax rate of 1.22%, while the 77859 zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Hearne provides valuable insights into the varying tax landscape across Robertson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hearne Tax Rate
1.22%
Average Robertson County Tax Rate
1.09%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hearne, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77859 | 0.45% | 0.77% | 1.22% | 1.66% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Hearne, Texas
In Hearne, 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 Robertson 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 Hearne, 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 Hearne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Hearne are both $1046, found in the 77859 zip code.
Average Hearne Assessed Value
$101,624
Average Robertson County Assessed Value
$118,900
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hearne, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77859 | $17,458 | $47,543 | $101,624 | $183,584 | $328,897 |
Source: Ownwell
Property Tax Bills Across Hearne, Texas
In Hearne, located in Robertson County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Hearne is $101,624, which serves as a baseline for determining property taxes. The local tax rate is applied to this assessed value to calculate the tax bill. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value, thereby affecting the tax bill. Homeowners in Hearne experience varying tax bills depending on their property values. The tax bill at the 25th percentile is $460, while at the 75th percentile, it rises to $1,907. For those in the 90th percentile, the tax bill can reach as high as $3,037. The highest and lowest median tax bills in Hearne both stand at $1,046, which is above the national median property tax rate of 0.99%. Consequently, homeowners in Hearne may face higher property taxes relative to other regions, impacting their overall financial planning and housing affordability.
Average Hearne Tax Bill
$1,046
Average Robertson County Tax Bill
$993
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hearne, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77859 | $164 | $460 | $1,046 | $1,907 | $3,037 |
Source: Ownwell