Highland Village, Texas Property Taxes
The median property tax rate in Highland Village, TX, is 1.57%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Highland Village at $571,118, the typical annual property tax bill reaches $9,427, significantly exceeding the national median of $2,690. Property taxes in Highland Village 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 Highland Village'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 Highland Village 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
Highland Village, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Highland Village, Texas Tax Savings
Ownwell’s Highland Village Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Highland Village with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Highland Village 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 Highland Village. 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 Highland Village, Texas
Property taxes in Highland Village, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Highland Village is 1.57%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Highland Village set these rates annually, and they can vary significantly across different neighborhoods. Each year, Highland Village 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 Highland Village's effective property tax rate to other counties in Texas and the national median. For comparison, the 75077 zip code has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these cities compare with Highland Village provides valuable insights into the varying tax landscape across Denton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Highland Village Tax Rate
1.57%
Average Denton County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Highland Village, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75077 | 1.45% | 1.49% | 1.57% | 1.82% | 1.82% |
Source: Ownwell
$1,148
Average Highland Village Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Highland Village, Texas
In Highland Village, 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 Denton 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 Highland Village, 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. For instance, the zip code 75077 has a median tax bill of $9,427. 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 Highland Village helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Highland Village, Texas
Source: Ownwell
$58,905
$756,350
$1,453,794
Average Highland Village Assessed Value
$571,118
Average Denton County Assessed Value
$444,000
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Highland Village, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75077 | $255,008 | $481,000 | $571,118 | $699,425 | $900,249 |
Source: Ownwell
$1,148
Average Highland Village Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Highland Village, Texas
In Highland Village, located in Denton County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $571,118. Homeowners face a property tax rate that can result in significant annual bills, with the 25th percentile tax bill at $7,336 and the 75th percentile reaching $10,986. The highest median tax bill in the area is $9,427, found in the 75077 zip code. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. These taxes can place a considerable financial burden on homeowners, making it essential to ensure that assessments are fair and accurate. Ownwell offers expert property tax appeal and exemption services that can help homeowners in Highland Village reduce their tax bills. By thoroughly reviewing property assessments and identifying potential errors or overlooked exemptions, Ownwell can assist in lowering the overall tax liability, providing substantial savings and financial relief.
Average Highland Village Tax Bill
$9,427
Average Denton County Tax Bill
$7,425
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Highland Village, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75077 | $4,224 | $7,336 | $9,427 | $10,986 | $15,258 |
Source: Ownwell
$1,148
Average Highland Village 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 | |
|---|---|
| Denton Appraisal District | |
| Phone | (940) 349-3910 |
| Website | esearch.dentoncad.com |
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