The Woodlands, Texas Property Taxes
The median property tax rate in The Woodlands, TX is 1.49%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in The Woodlands at $424,710, the typical annual property tax bill reaches $6,345, exceeding the national median of $2,690. Property taxes in The Woodlands 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 The Woodlands' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of The Woodlands 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
The Woodlands, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$6,328
$5,855
$1,148
Average The Woodlands, Texas Tax Savings
Ownwell’s The Woodlands Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in The Woodlands with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in The Woodlands 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 The Woodlands. 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 Montgomery County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across The Woodlands, Texas
Property taxes in The Woodlands, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in The Woodlands is 1.49%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within The Woodlands set these rates annually, and they can vary significantly across different neighborhoods. Each year, The Woodlands 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 The Woodlands' effective property tax rate to other counties in Texas and the national median. For comparison, the 77384 zip code has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with The Woodlands provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average The Woodlands Tax Rate
1.49%
Average Montgomery County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across The Woodlands, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77384 | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% |
Source: Ownwell
$1,148
Average The Woodlands Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across The Woodlands, Texas
In The Woodlands, 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 Montgomery 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 The Woodlands, 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. Being aware of these valuation processes in The Woodlands helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in The Woodlands, both at $6,345, are found in the 77384 zip code.
Average The Woodlands Assessed Value
$424,710
Average Montgomery County Assessed Value
$278,300
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across The Woodlands, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77384 | $424,710 | $424,710 | $424,710 | $424,710 | $424,710 |
Source: Ownwell
$1,148
Average The Woodlands Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across The Woodlands, Texas
In The Woodlands, Montgomery County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. For a median home price of $424,710, the property tax rate in this area results in a median tax bill of $6,345. This rate is significantly higher than the national median property tax rate of 0.99%, making it a substantial financial consideration for homeowners. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. High property taxes can be a burden, but Ownwell is here to help homeowners reduce their tax bills. Our team of experts specializes in property tax appeals and exemption services, ensuring that your property is fairly assessed. By leveraging our experience and local knowledge, we can identify potential savings and guide you through the appeal process, potentially lowering your annual tax bill and providing financial relief.
Average The Woodlands Tax Bill
$6,345
Average Montgomery County Tax Bill
$4,550
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across The Woodlands, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77384 | $6,345 | $6,345 | $6,345 | $6,345 | $6,345 |
Source: Ownwell
$1,148
Average The Woodlands 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 | |
|---|---|
| Montgomery Appraisal District | |
| Website | mcad-tx.org |
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