Hempstead, Texas Property Taxes
The median property tax rate in Hempstead, TX is 1.66%, which is significantly higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With a median home value of $191,350 in Hempstead, the typical annual property tax bill amounts to $2,933, surpassing the national median of $2,690. Property taxes in Hempstead are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Hempstead's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hempstead or another part of Waller County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hempstead, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$3,176
$2,948
$1,148
Average Tax Savings
Ownwell’s Hempstead Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hempstead with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hempstead 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 Hempstead. 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 Hempstead, Texas
Property taxes in Hempstead, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hempstead is 1.66%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hempstead set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hempstead 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 Hempstead's effective property tax rate to other counties in Texas and the national median. For comparison, the 77445 zip code has the highest median property tax rate of 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Hempstead provides valuable insights into the varying tax landscape across Waller County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hempstead Tax Rate
1.66%
Average Waller County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hempstead, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 7445 | N/A | N/A | N/A | N/A | N/A |
| 77445 | 0.73% | 1.27% | 1.66% | 2.10% | 2.14% |
Source: Ownwell
$1,148
Average Hempstead Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hempstead, Texas
In Hempstead, 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 Waller 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 Hempstead, 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 Hempstead helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is found in zip code 77445, amounting to $2933, while the lowest is also in the same zip code, reflecting the variability in property values.
Average Hempstead Assessed Value
$191,350
Average Waller County Assessed Value
$273,670
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hempstead, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 7445 | N/A | N/A | N/A | N/A | N/A |
| 77445 | $37,876 | $84,385 | $191,350 | $350,005 | $688,338 |
Source: Ownwell
$1,148
Average Hempstead Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hempstead, Texas
In Hempstead, located in Waller 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 this area is $191,350. Homeowners in Hempstead experience varying tax bills, with the 25th percentile at $1,295 and the 75th percentile reaching $4,796. The highest median tax bill in the region is $2,933 in the 77445 zip code. These values are notably higher than the national median property tax rate of 0.99%. Various factors influence the tax bill, including the assessed property value and any applicable exemptions. High property taxes can significantly impact homeowners, potentially straining household budgets. Ownwell offers property tax appeal and exemption services, helping homeowners reduce their tax burden. By leveraging expertise and local market knowledge, Ownwell ensures that properties are fairly assessed, potentially saving homeowners hundreds or even thousands of dollars annually. Their services provide a crucial financial relief for homeowners facing high property tax bills in Hempstead.
Average Hempstead Tax Bill
$2,933
Average Waller County Tax Bill
$4,531
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hempstead, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 7445 | N/A | N/A | N/A | N/A | N/A |
| 77445 | $582 | $1,295 | $2,933 | $4,796 | $7,347 |
Source: Ownwell
$1,148
Average Hempstead 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 | |
|---|---|
| Waller Appraisal District | |
| Website | esearch.waller-cad.org |
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