Granbury, Texas Property Taxes
The median property tax rate in Granbury, TX is 2.57%, significantly higher than the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $191,603 in Granbury, the typical annual property tax bill reaches $4,917, surpassing the national median of $2,690. Property taxes in Granbury are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Granbury'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 Granbury or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Granbury, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.57%
Estimate Property Tax Bill
$4,924
$4,556
$1,148
Average Granbury, Texas Tax Savings
Ownwell’s Granbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Granbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Granbury 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 Granbury. 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 Granbury, Texas
Property taxes in Granbury, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Granbury is 2.57%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Granbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Granbury 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 Granbury's effective property tax rate to other counties in Texas and the national median. For comparison, the 76049 zip code has the highest median property tax rate of 2.57%, while the 76049 zip code also has the lowest median tax rate of 2.57%. Understanding how these cities compare with Granbury provides valuable insights into the varying tax landscape across Tarrant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Granbury Tax Rate
2.57%
Average Tarrant County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Granbury, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76049 | 2.57% | 2.57% | 2.57% | 2.57% | 2.57% |
Source: Ownwell
$1,148
Average Granbury Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Granbury, Texas
In Granbury, 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 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 Granbury, 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. The median home price in Granbury is $191,603, making it essential for property owners to understand these valuation concepts to navigate their tax responsibilities better. The zip code with the highest median tax bill is 76049, with a tax bill of $4,917, which is also the lowest median tax bill in the area. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Granbury Assessed Value
$191,603
Average Tarrant County Assessed Value
$306,713
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Granbury, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76049 | $191,603 | $191,603 | $191,603 | $191,603 | $191,603 |
Source: Ownwell
$1,148
Average Granbury Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Granbury, Texas
In Granbury, property tax bills are calculated based on the assessed value of a home and the local tax rate. For example, with a median home price of $191,603, homeowners face a median property tax bill of $4,917 in Tarrant County. This figure is significantly higher than the national median property tax rate of 0.99%. The assessed value is determined by the local appraisal district, which considers factors such as market conditions, property size, and improvements. High property taxes can strain homeowners financially, especially when the assessed value does not accurately reflect the market value. Ownwell can help homeowners in Granbury save on their property tax bills by providing professional property tax appeal and exemption services. By analyzing property data and comparable sales, Ownwell identifies discrepancies and builds a strong case for reducing the assessed value. This can result in substantial savings, easing the financial burden on homeowners. Trust Ownwell to advocate on your behalf and help you achieve the most accurate and fair property tax assessment.
Average Granbury Tax Bill
$4,917
Average Tarrant County Tax Bill
$5,114
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Granbury, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76049 | $4,917 | $4,917 | $4,917 | $4,917 | $4,917 |
Source: Ownwell
$1,148
Average Granbury Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 24 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Tarrant Appraisal District | |
| Phone | (817) 284-0024 |
| Website | www.tad.org |
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