Highland Haven, Texas Property Taxes
The median property tax rate in Highland Haven, TX is 1.04%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $577,791, the typical annual property tax bill in Highland Haven reaches $7,608, significantly surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural uses. Understanding Highland Haven'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 Highland Haven 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
Highland Haven, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Highland Haven, Texas Tax Savings
Ownwell’s Highland Haven Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Highland Haven with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Highland Haven 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 Highland Haven. 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 Highland Haven, Texas
Property taxes in Highland Haven, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Highland Haven is 1.04%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Highland Haven set these rates annually, and they can vary significantly across different neighborhoods. Each year, Highland Haven 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 Highland Haven's effective property tax rate to other counties in Texas and the national median. For comparison, the 78654 zip code has the highest median property tax rate of 1.04%, while the same 78654 zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Highland Haven provides valuable insights into the varying tax landscape across Burnet County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Highland Haven Tax Rate
1.04%
Average Burnet County Tax Rate
1.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Highland Haven, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78654 | 0.90% | 0.92% | 1.04% | 1.24% | 1.52% |
Source: Ownwell
$1,148
Average Highland Haven Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Highland Haven, Texas
In Highland Haven, 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 Burnet 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 Highland Haven, 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 Highland Haven helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Highland Haven is $577,791, with the 25th percentile tax bill at $5,678 and the 75th percentile tax bill at $12,752. The highest and lowest median tax bills are both $7,608, found in zip code 78654.
Property Tax Assessment Values Across Highland Haven, Texas
Source: Ownwell
$234,087
$2,085,359
$3,936,630
Average Highland Haven Assessed Value
$577,791
Average Burnet County Assessed Value
$355,573
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Highland Haven, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78654 | $225,622 | $395,373 | $577,791 | $1,166,543 | $1,579,024 |
Source: Ownwell
$1,148
Average Highland Haven Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Highland Haven, Texas
In Highland Haven, located in Burnet County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county appraisal district, which evaluates the property’s market value. The local tax rate is then applied to this assessed value to generate the annual tax bill. For instance, with a median home price of $577,791, homeowners can face tax bills ranging from $5,678 at the 25th percentile to $16,725 at the 90th percentile. This variability shows the significant impact of property assessments and tax rates on homeowners' finances. Ownwell can help homeowners in Highland Haven save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing the assessed value and comparing it with market trends, Ownwell identifies opportunities for reductions. They manage the entire appeal process, ensuring that homeowners pay only their fair share, potentially saving thousands of dollars annually.
Average Highland Haven Tax Bill
$7,608
Average Burnet County Tax Bill
$4,017
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Highland Haven, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78654 | $1,994 | $5,678 | $7,608 | $12,752 | $16,725 |
Source: Ownwell
$1,148
Average Highland Haven 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 | |
|---|---|
| Burnet Appraisal District | |
| Website | esearch.burnet-cad.org |
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