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Spicewood, Burnet County, Texas Property Taxes

  • Median Spicewood, TX effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Spicewood, TX home value: $530,311

  • Median annual Spicewood, TX tax bill: $5,140, $2,740 higher than the national median property tax bill of $2,400.

How are property taxes in Burnet County calculated?

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

Last Updated March 1, 2025

Spicewood, Burnet County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.11%

Estimate Property Tax Bill

$5,886

$5,462

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Spicewood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Spicewood with just two data points. By entering your property's estimated assessed value, our calculator applies Spicewood’s 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 Burnet County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Spicewood, Burnet County, Texas

Local government entities determine tax rates, which can vary significantly within a state. Each year, counties estimate the budget needed to provide services and divide it by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting these rates and budgets, this is the annual process in a nutshell.

In Spicewood, located in Burnet County, the effective property tax rate is 1.11%, which is slightly above the national median of 1.02%. This rate is consistent with the highest and lowest median tax rates within the area, indicating a uniformity in the region's property tax assessment. Compared to other cities in Texas, Spicewood's rate aligns closely with the state's median, reflecting Texas's tendency for higher property taxes relative to the national average. This comparison underscores the importance of understanding local tax assessments, as they directly impact property owners' annual expenses.

Property Tax Rates Across Spicewood, Burnet County, Texas

Source: Ownwell

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0.81%

1.16%

1.51%

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 Spicewood Tax Rate

1.11%

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 Burnet County Tax Rate

1.20%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Spicewood, Burnet County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
786690.47%0.88%1.11%1.30%1.44%

Source: Ownwell

Property Tax Assessment Values Across Spicewood, Burnet County, Texas

When examining property taxes in Spicewood, 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 Burnet 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 Burnet County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Spicewood. For example, the median home price in Spicewood is $530,311, with tax bills ranging significantly across the county. 78669 has the highest median home price at $530,311.

Property Tax Assessment Values Across Spicewood, Burnet County, Texas

Source: Ownwell

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$234,087

$516,165

$798,243

Median Spicewood Market Value

$530,311

Median Burnet County Market Value

$355,573

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Spicewood, Burnet County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
78669$106,986$258,766$530,311$933,406$1,294,267

Source: Ownwell

Property Tax Bills Across Spicewood, Burnet County, Texas

In Spicewood, Burnet County, TX, property tax bills are calculated based on the assessed value of a home, which is influenced by the median home price of $530,311. The local tax rate is applied to this value to determine the annual tax bill. Homeowners in this area experience a range of tax bills, with the 25th percentile at $2,310 and the 75th percentile reaching $9,353. Notably, the highest median tax bill in the area is $5,140, which aligns with the national median tax bill of $2,400, indicating a higher local burden. Factors such as property location within specific zip codes and changes in property values can significantly affect the tax amount. Homeowners may find these taxes burdensome, but Ownwell offers a solution by providing property tax appeal and exemption services. By leveraging local expertise and a deep understanding of tax regulations, Ownwell helps homeowners potentially reduce their tax bills, ensuring they pay only what is fair and accurate.

Property Tax Bills Across Spicewood, Burnet County, Texas

Source: Ownwell

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$1,330

$5,085

$8,839

Median Spicewood Tax Bill

$5,140

Median Burnet County Tax Bill

$4,017

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Spicewood, Burnet County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
78669$986$2,310$5,140$9,353$13,766

Source: Ownwell

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