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Spring Branch, Texas Property Taxes

The median property tax rate in Spring Branch, TX is 1.44%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Spring Branch at $271,740, the typical annual property tax bill reaches $3,025, exceeding the national median of $2,690. Property taxes in Spring Branch 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 Spring Branch'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 Spring Branch 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

Spring Branch, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.44%

Estimate Property Tax Bill

$3,913

$3,631

SAVE WITH OWNWELL

$1,148

Average Tax Savings

Ownwell’s SPRING BRANCH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SPRING BRANCH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SPRING BRANCH 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 SPRING BRANCH. 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 Spring Branch, Texas

Property taxes in Spring Branch, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spring Branch is 1.44%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Spring Branch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spring Branch 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 Spring Branch's effective property tax rate to other counties in Texas and the national median. For comparison, the 78070 zip code has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Spring Branch provides valuable insights into the varying tax landscape across Blanco County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across Spring Branch, Texas

Source: Ownwell

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0.21%

0.82%

1.44%

Average Spring Branch Tax Rate

1.44%

Average Blanco County Tax Rate

1.08%

Average Texas Tax Rate

1.67%

Average United States Tax Rate

0.99%

Property Tax Rates Across Spring Branch, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
780700.19%0.80%1.44%1.44%1.44%

Source: Ownwell

Property Tax Assessment Values Across Spring Branch, Texas

In Spring Branch, 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 Blanco 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 Spring Branch, 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. With a median home price of $271,740, property tax bills can vary significantly. For example, the 25th percentile tax bill is $1,386, while the 75th percentile tax bill reaches $4,757. The highest median tax bill in the area is $3,025 in the 78070 zip code, which also has the lowest median tax bill at the same amount. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.

Property Tax Assessment Values Across Spring Branch, Texas

Source: Ownwell

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$146,370

$1,731,830

$3,317,290

Average Spring Branch Assessed Value

$271,740

Average Blanco County Assessed Value

$390,580

Average Texas Assessed Value

$247,950

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across Spring Branch, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
78070$91,426$157,240$271,740$461,670$656,352

Source: Ownwell

Property Tax Bills Across Spring Branch, Texas

In Spring Branch, located in Blanco County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and is a percentage of the property's market value. For example, with a median home price of $271,740, homeowners can expect to pay significant property taxes. The median tax bill in this area is $3,025, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and market trends. Homeowners at the 25th percentile pay around $1,386, while those at the 75th percentile face bills up to $4,757, and the 90th percentile can be as high as $6,750. These high tax bills can be a burden for many homeowners. Ownwell can help by offering property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially lower their assessed values, thereby reducing their tax bills and saving money.

Property Tax Bills Across Spring Branch, Texas

Source: Ownwell

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$1,454

$4,146

$6,838

Average Spring Branch Tax Bill

$3,025

Average Blanco County Tax Bill

$3,416

Average Texas Tax Bill

$3,971

Average United States Tax Bill

$2,690

Property Tax Bills Across Spring Branch, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
78070$387$1,386$3,025$4,757$6,750

Source: Ownwell

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