Wimberley, Texas Property Taxes
The median property tax rate in Wimberley, TX is 0.95%, slightly below the state median of 1.67% but still competitive compared to the national median of 0.99%. With the median home value in Wimberley at $474,870, the typical annual property tax bill amounts to $4,202, significantly higher than the national median of $2,690. Property taxes in Wimberley are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Wimberley's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Wimberley or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wimberley, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$4,511
$4,186
$1,148
Average Tax Savings
Ownwell’s Wimberley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wimberley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wimberley 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 Wimberley. 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 Wimberley, Texas
Property taxes in Wimberley, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wimberley is 0.95%, slightly lower than the U.S. national median of 0.99%. Local government entities within Wimberley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wimberley 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 Wimberley's effective property tax rate to other counties in Texas and the national median. For comparison, the 78676 zip code has the highest median property tax rate of 0.95%, while the 78676 zip code also has the lowest median tax rate of 0.95%. Understanding how these cities compare with Wimberley 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.
Average Wimberley Tax Rate
0.95%
Average Blanco County Tax Rate
1.08%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wimberley, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78676 | 0.18% | 0.28% | 0.95% | 1.44% | 1.44% |
Source: Ownwell
$1,148
Average Wimberley Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Wimberley, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wimberley, Texas. 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 Wimberley, 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 median home price in Wimberley is $474,870, with annual tax bills ranging from $1,245 at the 25th percentile to $9,638 at the 90th percentile. Being aware of these valuation processes in Wimberley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wimberley Assessed Value
$474,870
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 Wimberley, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78676 | $89,009 | $232,595 | $474,870 | $749,172 | $2,299,538 |
Source: Ownwell
$1,148
Average Wimberley Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Wimberley, Texas
In Wimberley, located in Blanco County, TX, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local tax authorities and reflects the property's market value. The property tax rate for Wimberley is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $474,870, homeowners might see tax bills ranging from $1,245 at the 25th percentile to as high as $9,638 at the 90th percentile. These tax bills can significantly impact homeowners, especially when they fall on the higher end of the spectrum. That's where Ownwell comes in. Our property tax appeal and exemption services can help homeowners in Wimberley potentially lower their tax bills. By meticulously reviewing assessments and identifying discrepancies, Ownwell ensures that homeowners are not overpaying. This personalized approach can lead to substantial savings, making homeownership more affordable and less stressful.
Average Wimberley Tax Bill
$4,202
Average Blanco County Tax Bill
$3,416
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Wimberley, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78676 | $951 | $1,245 | $4,202 | $6,098 | $9,638 |
Source: Ownwell
$1,148
Average Wimberley 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 | |
|---|---|
| Blanco Appraisal District | |
| Website | esearch.blancocad.com |
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