Pep, Hockley County, Texas Property Taxes

Name: Property Tax Bills Across Pep, Hockley County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median PEP, TX effective property tax rate: 1.80%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median PEP, TX home value: $83,525
Median annual PEP, TX tax bill: $928, $1,472 lower than the national median property tax bill of $2,400.

How are property taxes in Hockley calculated?

Property taxes in PEP, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding PEP’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in PEP, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Pep, Hockley County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.8%

Estimate Property Tax Bill

$1,503

$1,395

Ownwell’s PEP Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in PEP with just two data points. By entering your property's estimated assessed value, our calculator applies PEP’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hockley. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Pep, Hockley County, Texas

Local government entities set tax rates, which can differ significantly within a state. This variation is due to each county's annual budgetary requirements. Each county calculates its necessary budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws influence the setting of tax rates and budgets, this is essentially the annual procedure.

In Levelland, located in Hockley County, Texas, the effective property tax rate is noteworthy when compared to other cities in Texas and the national median. With a median property tax rate of 1.80%, Texas stands out against the national median rate of 1.02%. This highlights the importance of understanding local tax rates and how they can impact property owners. By comparing Levelland’s property tax rate with other cities and the broader state and national figures, property owners can gain valuable insights into their tax obligations and potential savings opportunities. Understanding these differences can be crucial for property owners seeking to optimize their tax liabilities and explore potential exemptions or appeals.

Property Tax Rates Across Pep, Hockley County, Texas

Source: Ownwell

1.48%

1.93%

2.39%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Pep Tax Rate

1.80%

Median Effective Hockley County Tax Rate

2.18%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Pep, Hockley County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79353	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Pep, Hockley County, Texas

When examining property taxes in Levelland, Texas, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hockley County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Hockley County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Levelland. For example, the median home price in Levelland is $83,525, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Pep, Hockley County, Texas

Source: Ownwell

$45,000

$86,605

$128,210

Median Pep Market Value

$83,525

Median Hockley County Market Value

$75,980

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Pep, Hockley County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79353	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Pep, Hockley County, Texas

In Levelland, located in Hockley County, Texas, property tax bills are calculated based on the assessed value of a home. The median home price in Levelland is $83,525. Property taxes are determined by multiplying the assessed value by the local tax rate. The tax bill at the 25th percentile is $622, while the 75th percentile tax bill is $1,166. At the 90th percentile, homeowners can expect a tax bill of $1,774. Compared to the national median property tax bill of $2,400, Levelland homeowners generally experience lower property tax bills. However, these taxes can still be a significant expense for homeowners. Factors influencing the tax bill include changes in home value and local tax rates. Ownwell provides property tax appeal and exemption services that can help reduce these costs. By reviewing your property's assessed value and ensuring it reflects the true market value, Ownwell can assist in potentially lowering your tax bill, providing valuable savings for homeowners in Levelland.

Property Tax Bills Across Pep, Hockley County, Texas

Source: Ownwell

$734

$1,612

$2,490

Median Pep Tax Bill

$928

Median Hockley County Tax Bill

$1,490

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Pep, Hockley County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79353	N/A	N/A	N/A	N/A	N/A

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
Hockley Appraisal District
Website	propaccess.trueautomation.com