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Terrell Hills, Bexar County, Texas Property Taxes

  • Median Terrell Hills, TX effective property tax rate: 2.07%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Terrell Hills, TX home value: $1,641,685

  • Median annual Terrell Hills, TX tax bill: $33,973, $31,573 higher than the national median property tax bill of $2,400.

How are property taxes in Bexar County calculated?

Property taxes in Terrell Hills, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Terrell Hills’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Terrell Hills, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Terrell Hills, Bexar County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.07%

Estimate Property Tax Bill

$33,983

$31,535

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Terrell Hills Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Terrell Hills with just two data points. By entering your property's estimated assessed value, our calculator applies Terrell Hills’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bexar County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Terrell Hills, Bexar County, Texas

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Terrell Hills, located in Bexar County, TX, the effective property tax rate stands at 2.07%, which is significantly higher than the national median property tax rate of 1.02%. This means that homeowners in Terrell Hills face higher property tax bills compared to the national average. The median property tax rate in Texas is also lower than that of Terrell Hills, highlighting the city's relatively high tax burden.

Comparing Terrell Hills to other cities in Texas, it becomes evident that property tax rates can vary even within the same state. Understanding these differences is crucial for homeowners, as property taxes can significantly impact overall housing costs.

Property Tax Rates Across Terrell Hills, Bexar County, Texas

Source: Ownwell

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1.63%

2.06%

2.49%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Terrell Hills Tax Rate

2.07%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Bexar County Tax Rate

2.03%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Terrell Hills, Bexar County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
782092.07%2.07%2.07%2.07%2.07%

Source: Ownwell

Property Tax Assessment Values Across Terrell Hills, Bexar County, Texas

When examining property taxes in Terrell Hills, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bexar County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Bexar County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Terrell Hills. For example, the median home price in Terrell Hills is $1,641,685, with tax bills ranging significantly across the county. Zip code 78209 has the highest median home price at $1,641,685.

Property Tax Assessment Values Across Terrell Hills, Bexar County, Texas

Source: Ownwell

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$108,110

$874,898

$1,641,685

Median Terrell Hills Market Value

$1,641,685

Median Bexar County Market Value

$265,000

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Terrell Hills, Bexar County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
78209$1,428,057$1,508,168$1,641,685$1,775,202$1,855,313

Source: Ownwell

Property Tax Bills Across Terrell Hills, Bexar County, Texas

In Terrell Hills, Bexar County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Terrell Hills stands at $1,641,685, leading to significant tax bills, with the 25th percentile at $31,210 and the 75th percentile at $36,736. These figures are considerably higher than the national median property tax bill of $2,400, reflecting the premium property values in the area. Homeowners are impacted significantly by these taxes, as they represent a substantial financial obligation. Ownwell can assist homeowners in Terrell Hills by providing expert property tax appeal services. By analyzing and contesting the assessed values, Ownwell helps homeowners reduce their tax liabilities, potentially saving them thousands of dollars annually. This service ensures that homeowners are not overpaying on their property taxes, aligning their bills more closely with the true market value of their homes.

Property Tax Bills Across Terrell Hills, Bexar County, Texas

Source: Ownwell

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$2,020

$17,997

$33,973

Median Terrell Hills Tax Bill

$33,973

Median Bexar County Tax Bill

$5,362

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Terrell Hills, Bexar County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
78209$29,552$31,210$33,973$36,736$38,393

Source: Ownwell

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