Kingwood, Texas Property Taxes
The median property tax rate in Kingwood, TX is 1.88%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Kingwood at $289,710, the typical annual property tax bill reaches $5,214, exceeding the national median of $2,690. Property taxes in Kingwood 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 Kingwood'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 Kingwood 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
Kingwood, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.88%
Estimate Property Tax Bill
$5,447
$5,039
$1,148
Average Kingwood, Texas Tax Savings
Ownwell’s Kingwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingwood 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 Kingwood. 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 Kingwood, Texas
Property taxes in Kingwood, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingwood is 1.88%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Kingwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingwood 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 Kingwood's effective property tax rate to other counties in Texas and the national median. For comparison, the 77345 zip code has the highest median property tax rate of 1.92%, while the 77339 zip code has the lowest median tax rate of 1.85%. Understanding how these cities compare with Kingwood 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 Kingwood 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 Kingwood, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77339 | 0.60% | 1.01% | 1.85% | 2.22% | 2.47% |
| 77345 | 0.83% | 1.22% | 1.92% | 2.07% | 2.47% |
Source: Ownwell
$1,148
Average Kingwood Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Kingwood, Texas
In Kingwood, 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 Kingwood, 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. 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 Kingwood is $6,270 in the 77345 zip code, while the lowest is $4,646 in the 77339 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 Kingwood Assessed Value
$289,710
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 Kingwood, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77339 | $191,749 | $218,210 | $255,617 | $304,160 | $437,775 |
| 77345 | $237,973 | $281,218 | $349,813 | $427,330 | $552,322 |
Source: Ownwell
$1,148
Average Kingwood Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Kingwood, Texas
Property tax bills in Kingwood, Harris County, TX, are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $289,710, homeowners can expect varying tax bills based on their property's assessed value and the specific tax rates of their zip code. For instance, the highest median tax bill in Kingwood is $6,270 in zip code 77345, while the lowest is $4,646 in zip code 77339. Factors such as property size, location, and improvements can influence these assessments, impacting the final tax bill significantly. Homeowners in Kingwood face property tax bills that can range from $3,429 at the 25th percentile to as high as $9,629 at the 90th percentile. This variability highlights the importance of accurate property assessments. Ownwell helps homeowners by reviewing their property assessments, identifying potential inaccuracies, and filing appeals to ensure fair taxation. By leveraging Ownwell's expertise, homeowners can potentially reduce their property tax bills, ensuring they only pay their fair share.
Average Kingwood Tax Bill
$5,214
Average Harris County Tax Bill
$4,078
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingwood, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77339 | $1,482 | $2,878 | $4,646 | $5,911 | $7,821 |
| 77345 | $2,241 | $4,118 | $6,270 | $8,235 | $10,588 |
Source: Ownwell
$1,148
Average Kingwood 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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