Taylor, Texas Property Taxes
The median property tax rate in Taylor, TX is 1.84%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Taylor at $276,215, the typical annual property tax bill reaches $5,013, exceeding the national median of $2,690. Property taxes in Taylor 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 Taylor'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 Taylor 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
Taylor, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.84%
Estimate Property Tax Bill
$5,082
$4,702
$1,148
Average Taylor, Texas Tax Savings
Ownwell’s Taylor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Taylor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Taylor 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 Taylor. 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 Taylor, Texas
Property taxes in Taylor, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Taylor is 1.84%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Taylor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Taylor 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 Taylor's effective property tax rate to other counties in Texas and the national median. For comparison, the 76574 zip code has the highest median property tax rate of 1.84%, while the same zip code also has the lowest median tax rate of 1.84%. Understanding how these cities compare with Taylor provides valuable insights into the varying tax landscape across Williamson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Taylor Tax Rate
1.84%
Average Williamson County Tax Rate
1.78%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Taylor, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76574 | 1.07% | 1.57% | 1.84% | 2.45% | 2.68% |
Source: Ownwell
$1,148
Average Taylor Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Taylor, Texas
In Taylor, 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 Williamson 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 Taylor, 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 Taylor is $276,215, with tax bills ranging from $3,306 at the 25th percentile to $8,409 at the 90th percentile. The highest and lowest median tax bills are both $5,013, found in the 76574 zip code. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Taylor Assessed Value
$276,215
Average Williamson County Assessed Value
$413,321
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Taylor, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76574 | $115,433 | $187,840 | $276,215 | $336,712 | $447,810 |
Source: Ownwell
$1,148
Average Taylor Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Taylor, Texas
In Taylor, Williamson County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. With a median home price of $276,215, homeowners can expect varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $3,306, while the 75th percentile reaches $6,680, and the 90th percentile can be as high as $8,409. The highest and lowest median tax bills in the area are both $5,013, indicating a consistent tax rate across different properties. Factors such as property size, location, and improvements can influence the assessed value, subsequently affecting the tax bill. Compared to the national median property tax rate of 0.99%, Taylor's rates can be higher, impacting homeowners' finances significantly. Ownwell offers expert property tax appeal and exemption services to help homeowners reduce their tax burden. By analyzing your property's assessed value and identifying potential discrepancies, Ownwell can assist in appealing for a lower tax bill, ensuring you pay only what is fair.
Average Taylor Tax Bill
$5,013
Average Williamson County Tax Bill
$7,929
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Taylor, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76574 | $1,706 | $3,306 | $5,013 | $6,680 | $8,409 |
Source: Ownwell
$1,148
Average Taylor 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 | |
|---|---|
| Williamson Appraisal District | |
| Phone | (512) 930-3787 |
| Website | search.wcad.org |
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