Hamlin, Texas Property Taxes
The median property tax rate in Hamlin, TX is 2.46%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $35,540, the typical annual property tax bill in Hamlin reaches $873, which is below the national median of $2,690. Property taxes in Hamlin are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Hamlin'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 Hamlin or another part of Stonewall County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hamlin, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.46%
Estimate Property Tax Bill
$874
$811
Ownwell’s Hamlin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hamlin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hamlin 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 Hamlin, Texas
Property taxes in Hamlin, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hamlin is 2.46%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hamlin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hamlin 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 Hamlin's effective property tax rate to other counties in Texas and the national median. For comparison, the 79520 zip code has the highest median property tax rate of 2.46%, while the same zip code also has the lowest median tax rate of 2.46%. Understanding how these cities compare with Hamlin provides valuable insights into the varying tax landscape across Stonewall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hamlin Tax Rate
2.46%
Average Stonewall County Tax Rate
3.00%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hamlin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79520 | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Hamlin, Texas
In Hamlin, 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 Stonewall 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 Hamlin, 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, the median home price in Hamlin is $35,540, with median tax bills at $873. The highest and lowest median tax bills are both found in zip code 79520, also at $873. Being aware of these valuation processes in Hamlin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hamlin Assessed Value
$35,540
Average Stonewall County Assessed Value
$47,990
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hamlin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79520 | $35,540 | $35,540 | $35,540 | $35,540 | $35,540 |
Source: Ownwell
Property Tax Bills Across Hamlin, Texas
In Hamlin, located in Stonewall County, TX, property tax bills are calculated based on the assessed value of a home. The median home price in Hamlin is $35,540, which serves as a baseline for determining the tax bill. The local tax rate is applied to this assessed value to calculate the annual property tax owed by homeowners. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, the median tax bill in Hamlin is $873, which is significantly higher than the national median property tax rate of 0.99%, reflecting the local tax rate's impact on homeowners. Understanding how these elements come together is crucial for homeowners, as it directly affects their annual financial obligations. High property taxes can influence decisions about homeownership, impacting long-term financial planning and overall affordability in the region.
Average Hamlin Tax Bill
$873
Average Stonewall County Tax Bill
$1,361
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hamlin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79520 | $873 | $873 | $873 | $873 | $873 |
Source: Ownwell