Grandview, Texas Property Taxes
The median property tax rate in Grandview, TX is 0.84%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $279,286, the typical annual property tax bill in Grandview amounts to $1,534, significantly below the national median of $2,690. Property taxes in Grandview are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Grandview'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 Grandview 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
Grandview, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$2,346
$2,171
$1,148
Average Grandview, Texas Tax Savings
Ownwell’s Grandview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grandview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grandview 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 Grandview. 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 Grandview, Texas
Property taxes in Grandview, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grandview is 1.89%, notably higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Grandview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grandview 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 Grandview's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in the county is also in Grandview at 1.89%, while the lowest median tax rate is equally 1.89%. Understanding how these cities compare with Grandview provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grandview Tax Rate
0.84%
Average Ellis County Tax Rate
1.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grandview, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76050 | 0.29% | 0.55% | 0.84% | 1.06% | 1.37% |
Source: Ownwell
$1,148
Average Grandview Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Grandview, Texas
In Grandview, 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 Ellis 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. Assessment notices in Grandview 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. For instance, the highest median tax bill in Grandview is $1,534 in the 76050 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Grandview Assessed Value
$279,286
Average Ellis County Assessed Value
$332,264
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grandview, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76050 | $67,820 | $173,234 | $279,286 | $395,874 | $506,903 |
Source: Ownwell
$1,148
Average Grandview Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Grandview, Texas
In Grandview, TX, property tax bills are calculated based on the assessed value of the property, which is determined by the local appraisal district. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $279,286, homeowners can expect varying tax bills depending on their property’s assessed value. The tax bill can range from $767 at the 25th percentile to $3,863 at the 90th percentile. Compared to the national median property tax rate of 0.99%, Grandview's rates can significantly impact homeowners. Several factors influence the tax bill, including property size, location, and improvements. High property taxes can strain homeowners financially, making it crucial to explore potential savings. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing the assessed value and identifying discrepancies, Ownwell ensures homeowners are not overpaying. This service can lead to substantial savings, easing the financial burden of high property taxes.
Average Grandview Tax Bill
$1,534
Average Ellis County Tax Bill
$4,181
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Grandview, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76050 | $461 | $767 | $1,534 | $2,597 | $3,863 |
Source: Ownwell
$1,148
Average Grandview 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 | |
|---|---|
| Ellis Appraisal District | |
| Phone | (972) 825-5150 |
| Website | www.elliscad.com |
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