Highlands, Texas Property Taxes
The median property tax rate in Highlands, TX is 0.88%, 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 $146,530 in Highlands, the typical annual property tax bill is around $906, significantly below the national median of $2,690. Property taxes in Highlands 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 Highlands' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Highlands 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
Highlands, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,289
$1,193
$1,148
Average Highlands, Texas Tax Savings
Ownwell’s Highlands Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Highlands with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Highlands 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 Highlands. 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 Highlands, Texas
Property taxes in Highlands, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Highlands is 0.88%, which is lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Highlands set these rates annually, and they can vary significantly across different neighborhoods. Each year, Highlands 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 Highlands' effective property tax rate to other counties in Texas and the national median. For comparison, the 77562 zip code has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Highlands 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 Highlands Tax Rate
0.88%
Average Harris County Tax Rate
1.78%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Highlands, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77562 | 0.17% | 0.44% | 0.88% | 2.09% | 2.45% |
Source: Ownwell
$1,148
Average Highlands Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Highlands, Texas
In Highlands, 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 Highlands, 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 Highlands is $146,530, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $354, while the 75th percentile tax bill is $1,634, and the 90th percentile tax bill reaches $3,114. Notably, the zip code 77562 has the highest and lowest median tax bill, both at $906. 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 Highlands Assessed Value
$146,530
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 Highlands, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77562 | $18,034 | $50,030 | $146,530 | $215,564 | $285,406 |
Source: Ownwell
$1,148
Average Highlands Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Highlands, Texas
In Highlands, Harris County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the local tax rate set by various taxing entities such as school districts, cities, and counties. For instance, with a median home price of $146,530, homeowners can expect a tax bill ranging from $354 at the 25th percentile to $3,114 at the 90th percentile. The median tax bill in the highest and lowest zip codes within Highlands is $906. Factors like property improvements, market conditions, and neighborhood trends can influence the assessed value, directly impacting the tax bill. Homeowners often face financial strain due to high property taxes, but Ownwell can help. By offering professional property tax appeal and exemption services, Ownwell ensures that your property is fairly assessed, potentially lowering your tax bill and saving you money. With expertise in navigating local tax regulations, Ownwell maximizes your chances of a successful appeal.
Average Highlands Tax Bill
$906
Average Harris County Tax Bill
$4,078
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Highlands, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77562 | $118 | $354 | $906 | $1,634 | $3,114 |
Source: Ownwell
$1,148
Average Highlands 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 |
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