Cedar Park, Texas Property Taxes
The median property tax rate in Cedar Park, TX is 1.99%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Cedar Park, the typical annual property tax bill reaches $356, exceeding the national median of $2,690. Property taxes in Cedar Park are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cedar Park'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 Cedar Park or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cedar Park, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.99%
Estimate Property Tax Bill
$356
$330
$1,148
Average Cedar Park, Texas Tax Savings
Ownwell’s Cedar Park Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cedar Park with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Cedar Park to provide an estimated property tax bill. This insightful tool not only helps you understand potential tax liabilities but also demonstrates how Ownwell can assist in reducing property taxes in Cedar Park. 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 Cedar Park, Texas
Property taxes in Cedar Park, Texas, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedar Park is 1.99%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Cedar Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedar Park 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 Cedar Park's effective property tax rate to other counties in Texas and the national median. For comparison, the 78613 zip code has the highest median property tax rate of 1.99%, while the same zip code has the lowest median tax rate of 1.99%. Understanding how these cities compare with Cedar Park provides valuable insights into the varying tax landscape across Bastrop County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cedar Park Tax Rate
1.99%
Average Bastrop County Tax Rate
1.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedar Park, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78613 | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% |
Source: Ownwell
$1,148
Average Cedar Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Cedar Park, Texas
In Cedar Park, 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 Bastrop 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 Cedar Park, 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 Cedar Park is $17,906, with the highest median tax bill being $356 in the 78613 zip code. 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 Cedar Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cedar Park Assessed Value
$17,906
Average Bastrop County Assessed Value
$264,754
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cedar Park, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78613 | $17,906 | $17,906 | $17,906 | $17,906 | $17,906 |
Source: Ownwell
$1,148
Average Cedar Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Cedar Park, Texas
Property tax bills in Cedar Park, located in Bastrop County, TX, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is based on the market value of the home, which is determined by the county appraisal district. Factors such as property size, location, and market trends influence this valuation. In Cedar Park, the median home price is $17,906, and the tax bill at the 25th, 75th, and 90th percentiles is consistently $356. This uniformity suggests a relatively stable property tax environment compared to the national median property tax rate of 0.99%. For homeowners, these tax bills can impact monthly budgets and long-term financial planning. Ownwell offers expert property tax appeal and exemption services to help homeowners in Cedar Park potentially reduce their tax burdens. By analyzing property assessments and market conditions, Ownwell can identify discrepancies and advocate for fairer valuations, ensuring homeowners only pay their fair share. This service can lead to significant savings, making homeownership in Cedar Park more affordable.
Average Cedar Park Tax Bill
$356
Average Bastrop County Tax Bill
$2,784
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar Park, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78613 | $356 | $356 | $356 | $356 | $356 |
Source: Ownwell
$1,148
Average Cedar Park 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 | |
|---|---|
| Bastrop Appraisal District | |
| Website | esearch.bastropcad.org |
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