Cypress, Texas Property Taxes
The median property tax rate in Cypress, TX is 1.88%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Cypress at $350,447, the typical annual property tax bill reaches $6,650, far exceeding the national median of $2,690. Property taxes in Cypress are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cypress'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 Cypress 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
Cypress, 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 Cypress, Texas Tax Savings
Ownwell’s Cypress Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cypress with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cypress 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 Cypress. 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 Cypress, Texas
Property taxes in Cypress, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cypress is 1.88%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Cypress set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cypress 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 Cypress's effective property tax rate to other counties in Texas and the national median. For comparison, the 77433 zip code has the highest median property tax rate of 1.99%, while the 77065 zip code has the lowest median tax rate of 1.62%. Understanding how these cities compare with Cypress provides valuable insights into the varying tax landscape across Harris County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cypress Tax Rate
1.88%
Average Harris County Tax Rate
1.78%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cypress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | |
| 77065 | 1.62% | 1.62% | 1.62% | 1.62% | 1.62% |
| 77410 | 1.93% | 1.93% | 1.93% | 1.93% | 1.93% |
| 77429 | 0.94% | 1.46% | 1.80% | 2.08% | 2.59% |
| 77433 | 1.35% | 1.70% | 1.99% | 2.50% | 2.92% |
Source: Ownwell
$1,148
Average Cypress Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Cypress, Texas
In Cypress, 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 Harris 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 Cypress, 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 example, the median home price in Cypress is $350,447, with tax bills ranging from $4,722 at the 25th percentile to $12,910 at the 90th percentile. The highest median tax bill of $7,407 is found in zip code 77433, while the lowest median tax bill of $291 is in zip code 77410. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cypress Assessed Value
$350,447
Average Harris County Assessed Value
$240,543
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cypress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | |
| 77065 | $212,022 | $212,022 | $212,022 | $212,022 | $212,022 |
| 77410 | $15,089 | $15,089 | $15,089 | $15,089 | $15,089 |
| 77429 | $220,996 | $270,555 | $331,250 | $427,880 | $539,585 |
| 77433 | $214,549 | $279,401 | $372,000 | $496,820 | $651,138 |
Source: Ownwell
$1,148
Average Cypress Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Cypress, Texas
In Cypress, located in Harris County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the Harris County Appraisal District. The tax rate is then applied to this assessed value. Factors such as location, property size, and market conditions influence the assessed value. For instance, the median home price in Cypress is $350,447. Homeowners in Cypress can expect tax bills that vary significantly, with the 25th percentile at $4,722 and the 75th percentile at $9,337. The highest median tax bill in the area is $7,407 in ZIP code 77433, while the lowest is $291 in ZIP code 77410. Property taxes can be a significant burden for homeowners, but Ownwell offers services to help reduce these costs. By leveraging expert knowledge and experience in property tax appeals and exemptions, Ownwell can identify potential savings opportunities, ensuring homeowners pay no more than their fair share. This can result in substantial savings, making homeownership more affordable.
Average Cypress Tax Bill
$6,650
Average Harris County Tax Bill
$4,078
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cypress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | |
| 77065 | $3,426 | $3,426 | $3,426 | $3,426 | $3,426 |
| 77410 | $291 | $291 | $291 | $291 | $291 |
| 77429 | $2,495 | $4,337 | $6,002 | $7,960 | $10,373 |
| 77433 | $3,482 | $5,120 | $7,407 | $10,785 | $14,416 |
Source: Ownwell
$1,148
Average Cypress Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 20 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Harris Appraisal District | |
| Phone | (713) 957-7800 |
| Website | hcad.org |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.