Hico, Erath County, Texas Property Taxes
Property Taxes in Hico, Texas
Median Hico, Texas effective property tax rate: 0.52%, significantly lower than the national median of 1.02%, and lower than the Texas state median of 1.48%.
Median Hico, Texas home value: $287,775
Median annual Hico, Texas tax bill: $1,531, $869 lower than the national median property tax bill of $2,400.
How are property taxes in Erath calculated?
Property taxes in Hico, Texas 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 Hico's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hico, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Hico, Erath County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.52%
Estimate Property Tax Bill
$1,496
$1,389
How Does the Hico Property Tax Calculator Work?
Use this Hico property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Hico's median effective tax rate of 0.52% — based on actual property records in Erath County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Hico's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Hico: rates range from 0.52% in 76457 to 0.52% in 76457, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Hico.
About Hico Property Taxes
About Property Taxes in Hico, Erath, Texas
Hico’s median effective property tax rate of 0.52% is lower than the Texas state median of 1.48% and lower than the national median of 1.02%. This rate reflects the Erath County base levy combined with local school district levies and Municipal Utility Districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Hico. Homeowners in the 76457 ZIP code carry a median effective rate of 0.52%, while those in the same ZIP code pay 0.52%. This reflects how school district boundaries and local assessment districts are drawn across Erath County. Understanding where you live in Hico can still matter for your annual tax bill.
Hico homeowners who believe their assessed value is too high can file a formal appeal with the local Appraisal District before May 15, 2026.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Hico, Erath County, Texas
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Hico's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.
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 Hico Tax Rate
0.52%
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 Erath County Tax Rate
0.93%
Median Effective Texas Tax Rate
1.48%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hico, Erath County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76457 | 0.11% | 0.22% | 0.52% | 1.12% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Hico, Erath County, Texas
When examining property taxes in Hico, 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 Erath 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 Erath County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Hico.
For example, the median home price in Hico is $287,775, with tax bills ranging significantly across the county. 76457 has the highest median home price at $287,775.
Property Tax Assessment Values Across Hico, Erath County, Texas
Source: Ownwell
$157,015
$607,503
$1,057,990
Median Hico Market Value
$287,775
Median Erath County Market Value
$218,700
Median Texas Market Value
$258,851
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hico, Erath County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76457 | $60,555 | $122,210 | $287,775 | $473,675 | $876,055 |
Source: Ownwell
Property Tax Bills Across Hico, Erath County, Texas
Property tax bills in Hico are based on the assessed value of a home and the local tax rates set by taxing authorities. When a property is valued, that assessment becomes the starting point for the bill, and homeowners are taxed on that amount rather than on what they originally paid for the home. The final bill can also reflect exemptions and any applicable local levies, which means two similar homes may owe different amounts.
For Hico homeowners, the size of the tax bill can vary widely. The median home price is $287,775, while the median property tax bill is $1,531. Bills at the 25th percentile are $580, and bills at the 75th percentile are $3,525, showing how much location and assessment differences can affect what owners pay. At the 90th percentile, bills reach $6,193, which can create a significant annual cost for homeowners.
Median Hico Tax Bill
$1,531
Median Erath County Tax Bill
$1,858
Median Texas Tax Bill
$3,441
Median United States Tax Bill
$2,400
Property Tax Bills Across Hico, Erath County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76457 | $182 | $580 | $1,531 | $3,525 | $6,193 |
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 | |
|---|---|
| Erath Appraisal District | |
| Website | esearch.erath-cad.com |