Hawkins, Texas Property Taxes
The median property tax rate in Hawkins, TX is 0.94%, slightly below the national median of 0.99% and significantly lower than the Texas state median of 1.67%. With a median home value of $137,600 in Hawkins, the typical annual property tax bill amounts to $1,037, which is also less than the national median of $2,690. Property taxes in Hawkins are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Hawkins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hawkins 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
Hawkins, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$1,293
$1,197
Ownwell’s Hawkins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hawkins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hawkins 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 Hawkins, Texas
Property taxes in Hawkins, Texas, play an essential role in funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Hawkins is 0.94%, slightly below the Texas state median of 1.81% but close to the U.S. national median of 0.99%. Local government entities within Hawkins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hawkins 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 Hawkins's effective property tax rate to other counties in Texas and the national median. For comparison, the 75765 zip code has both the highest and lowest median property tax rate of 0.94%. Understanding how these cities compare with Hawkins provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hawkins Tax Rate
0.94%
Average Wood County Tax Rate
0.67%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hawkins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75765 | 0.20% | 0.49% | 0.94% | 1.45% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Hawkins, Texas
In Hawkins, 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 Wood 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 Hawkins, 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. For instance, the median home price in Hawkins is $137,600, with tax bills ranging from $263 at the 25th percentile to $3,729 at the 90th percentile. The zip code 75765 has the highest and lowest median tax bill, both at $1,037. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hawkins Assessed Value
$137,600
Average Wood County Assessed Value
$164,060
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hawkins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75765 | $8,000 | $40,230 | $137,600 | $256,402 | $404,490 |
Source: Ownwell
Property Tax Bills Across Hawkins, Texas
In Hawkins, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. This assessed value is then multiplied by the property tax rate set by various taxing authorities, such as the county, school district, and other local entities. For homeowners in Hawkins, the median home price is $137,600, and the property tax rate in Wood County affects the final tax bill. Several factors influence the tax bill, including changes in the assessed home value and adjustments to the tax rate by local authorities. Homeowners in Hawkins see a range of property tax bills, with the 25th percentile at $263 and the 75th percentile at $2,204, indicating significant variability. The highest median tax bill in the area is $1,037, which is notably lower than the national median property tax rate of 0.99%. This variability can impact homeowners differently, affecting their annual financial planning and overall housing affordability.
Average Hawkins Tax Bill
$1,037
Average Wood County Tax Bill
$816
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hawkins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75765 | $53 | $263 | $1,037 | $2,204 | $3,729 |
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 | |
|---|---|
| Wood Appraisal District | |
| Website | esearch.woodcad.net |