Harwood, Texas Property Taxes
The median property tax rate in Harwood, TX is 1.47%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Harwood, the typical annual property tax bill reaches $975, which is significantly below the national median of $2,690. Property taxes in Harwood 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 Harwood'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 Harwood 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
Harwood, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Harwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harwood to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Harwood, Texas
Property taxes in Harwood, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harwood is 1.47%, significantly higher than both the Texas state median of 1.8% and the U.S. national median of 0.99%. Local government entities within Harwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harwood 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 Harwood's effective property tax rate to other counties in Texas and the national median. For comparison, the 78632 zip code has the highest median property tax rate of 1.47%, while the same 78632 zip code has the lowest median tax rate of 1.47%. Understanding how these cities compare with Harwood provides valuable insights into the varying tax landscape across Gonzales County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harwood Tax Rate
1.47%
Average Gonzales County Tax Rate
1.52%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harwood, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78632 | 0.63% | 1.19% | 1.47% | 1.47% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Harwood, Texas
In Harwood, 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 Gonzales 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 Harwood, 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 Harwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Harwood is $975.00, found in the 78632 zip code, while the lowest median tax bill also stands at $975.00 in the same zip code.
Average Harwood Assessed Value
$80,015
Average Gonzales County Assessed Value
$91,330
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harwood, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78632 | $8,081 | $28,820 | $80,015 | $228,962 | $376,868 |
Source: Ownwell
Property Tax Bills Across Harwood, Texas
In Harwood, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Harwood face a range of property tax bills, with the 25th percentile at $388 and the 75th percentile at $2,430. The 90th percentile tax bill can go up to $4,105. These numbers indicate a significant variation in tax bills, largely influenced by the assessed value of the homes and the specific tax rates applied. For context, the national median property tax rate is 0.99%, and Harwood’s rates can be compared to this benchmark to understand local tax burdens. This variability in property tax bills affects homeowners differently, impacting their financial planning and housing affordability. The highest and lowest median tax bills in the county are both recorded at $975, highlighting some consistency in certain areas. Understanding these factors can help homeowners anticipate and manage their property tax obligations effectively.
Average Harwood Tax Bill
$975
Average Gonzales County Tax Bill
$1,310
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Harwood, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78632 | $105 | $388 | $975 | $2,430 | $4,105 |
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 | |
|---|---|
| Gonzales Appraisal District | |
| Website | www.gonzalescad.org |