Harvard, Texas Property Taxes
The median property tax rate in Harvard, TX is 2.00%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Harvard at $468,659, the typical annual property tax bill reaches $8,994, significantly exceeding the national median of $2,690. Property taxes in Harvard 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 Harvard'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 Harvard 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
Harvard, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2%
Estimate Property Tax Bill
$9,373
$8,672
$1,148
Average Harvard, Texas Tax Savings
Ownwell’s Harvard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harvard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harvard 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 Harvard. 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 Harvard, Texas
Property taxes in Harvard, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harvard is 2.00%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Harvard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harvard 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 Harvard's effective property tax rate to other counties in Texas and the national median. For comparison, the 75686 zip code has the highest median property tax rate of 2.00%, while the same zip code also has the lowest median tax rate of 2.00%. Understanding how these cities compare with Harvard provides valuable insights into the varying tax landscape across Denton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harvard Tax Rate
2.00%
Average Denton County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harvard, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75686 | 1.89% | 1.90% | 2.00% | 2.12% | 2.18% |
Source: Ownwell
$1,148
Average Harvard Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Harvard, Texas
In Harvard, 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 Denton 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 Harvard, 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 Harvard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Harvard is $8,994 in the 75686 zip code, while the lowest median tax bill is also $8,994 in the same zip code.
Average Harvard Assessed Value
$468,659
Average Denton County Assessed Value
$444,000
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harvard, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75686 | $440,614 | $456,534 | $468,659 | $472,454 | $473,382 |
Source: Ownwell
$1,148
Average Harvard Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Harvard, Texas
In Harvard, located in Denton County, TX, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. For instance, with a median home price of $468,659, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill stands at $8,936, while the 75th percentile reaches $9,372, and the 90th percentile hits $10,040. These figures reflect the varying assessed values and tax rates within the area. Factors such as the property's market value, local tax rates, and any applicable exemptions play a crucial role in determining the final tax bill. High property taxes can place a significant financial burden on homeowners, impacting their overall cost of living and financial planning. Ownwell can assist homeowners in Harvard by appealing their property assessments and identifying potential exemptions. By leveraging expert knowledge and a thorough understanding of local tax regulations, Ownwell helps homeowners potentially reduce their tax bills, ensuring they pay only their fair share.
Average Harvard Tax Bill
$8,994
Average Denton County Tax Bill
$7,425
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Harvard, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75686 | $8,845 | $8,936 | $8,994 | $9,372 | $10,040 |
Source: Ownwell
$1,148
Average Harvard 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 | |
|---|---|
| Denton Appraisal District | |
| Phone | (940) 349-3910 |
| Website | esearch.dentoncad.com |
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