Houston, Texas Property Taxes
The median property tax rate in Houston, TX is 2.00%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $74,445 in Houston, the typical annual property tax bill is $1,343, surpassing the national median of $2,690. Property taxes in Houston are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Houston'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 Houston 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
Houston, 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 Houston, Texas Tax Savings
Ownwell’s Houston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Houston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Houston 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 Houston. 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 Houston, Texas
Property taxes in Houston, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Houston is 2.00%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Houston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Houston 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 Houston's effective property tax rate to other counties in Texas and the national median. For comparison, the 77095 zip code has the highest median property tax rate of 2.00%, while the same 77095 zip code has the lowest median tax rate of 2.00%. Understanding how these cities compare with Houston provides valuable insights into the varying tax landscape across Waller County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Houston Tax Rate
2.00%
Average Waller County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Houston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77095 | 1.65% | 1.78% | 2.00% | 2.23% | 2.36% |
Source: Ownwell
$1,148
Average Houston Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Houston, Texas
In Houston, 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 Waller 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 Houston, 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 the area is $74,445, and tax bills can vary significantly. The 25th percentile tax bill is $1,172, while the 75th percentile tax bill reaches $1,514. The highest median tax bill is found in the 77095 zip code, amounting to $1,343. 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 Houston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Houston Assessed Value
$74,445
Average Waller County Assessed Value
$273,670
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Houston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77095 | $47,593 | $57,662 | $74,445 | $91,228 | $101,297 |
Source: Ownwell
$1,148
Average Houston Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Houston, Texas
In Houston, property tax bills are calculated based on the assessed value of your home, which is determined by the local appraisal district. The assessed value is then multiplied by the local tax rate to determine your tax bill. For instance, in Waller County, the median home price is $74,445, and property tax bills can range significantly, with the 25th percentile at $1,172 and the 75th percentile at $1,514. The highest and lowest median tax bills in the 77095 zip code both stand at $1,343, reflecting some consistency within that area. Homeowners in Houston can face substantial tax bills, which can impact their financial stability. This is where Ownwell steps in. By leveraging our expertise in property tax appeals and exemptions, we can help you challenge over-assessed property values and identify eligible exemptions. This can result in significant savings on your property tax bill, ensuring you only pay what is fair and just. Let Ownwell assist you in navigating the complexities of property taxes and keep more money in your pocket.
Average Houston Tax Bill
$1,343
Average Waller County Tax Bill
$4,531
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Houston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77095 | $1,070 | $1,172 | $1,343 | $1,514 | $1,617 |
Source: Ownwell
$1,148
Average Houston Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 31 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Waller Appraisal District | |
| Website | esearch.waller-cad.org |
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