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Cypress, Harris County, Texas Property Taxes

  • Median Cypress, TX effective property tax rate: 1.80%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Cypress, TX home value: $390,468

  • Median annual Cypress, TX tax bill: $6,840, $4,440 higher than the national median property tax bill of $2,400.

How are property taxes in Harris County calculated?

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

Last Updated March 1, 2025

Cypress, Harris County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.8%

Estimate Property Tax Bill

$7,028

$6,522

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Cypress Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cypress with just two data points. By entering your property's estimated assessed value, our calculator applies Cypress’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Harris 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 Harris County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cypress, Harris County, Texas

Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This variation occurs because each county calculates its needed budget annually to provide essential services and then divides this amount by the total value of all taxable properties within its area. This process determines the property tax rate. Although the setting of tax rates and budgets involves votes and legislation, this is the fundamental procedure followed each year.

In Cypress, located in Harris County, Texas, the effective property tax rate is a key figure to consider. This rate can be compared to other cities within Texas and also against the median property tax rates at both the state and national levels. For instance, Cypress's property tax rate is part of a broader range within Texas, where the median tax rate is 1.80%. This is notably higher than the national median property tax rate of 1.02%. Understanding these rates is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Cypress, Harris County, Texas

Source: Ownwell

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1.07%

1.86%

2.65%

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 Cypress Tax Rate

1.80%

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 Harris County Tax Rate

1.66%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cypress, Harris County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
774290.93%1.33%1.69%1.99%2.35%
774331.23%1.59%1.92%2.36%2.68%
77065N/AN/AN/AN/AN/A
77410N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Cypress, Harris County, Texas

When examining property taxes in Cypress, Texas, 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 Harris 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.

Assessment notices: In Harris 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 Cypress. For example, the median home price in Cypress is $390,468, with tax bills ranging significantly across the county. Zip code 77433 has the highest median home price at $415,356.

Property Tax Assessment Values Across Cypress, Harris County, Texas

Source: Ownwell

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$28,294

$720,147

$1,412,000

Median Cypress Market Value

$390,468

Median Harris County Market Value

$269,684

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cypress, Harris County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
77429$246,906$296,790$365,363$477,000$610,245
77433$252,580$315,724$415,356$561,354$735,559
77065N/AN/AN/AN/AN/A
77410N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Cypress, Harris County, Texas

In Cypress, Harris County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The median home price in Cypress is $390,468. Local taxing authorities apply their rates to this assessed value to calculate the tax bill. Homeowners in Cypress face substantial tax bills, with the 25th percentile at $4,793 and the 75th percentile reaching $9,836. Notably, the 90th percentile tax bill can soar to $13,549, which is significantly higher than the national median property tax bill of $2,400. Cypress residents in zip code 77433 encounter the highest median tax bill at $7,746, compared to the lowest in zip code 77429 at $6,075. These high property taxes can strain homeowners' finances, making it essential to explore potential savings. By leveraging expertise in property tax appeals and exemptions, Ownwell assists homeowners in Cypress in reducing their tax burdens, potentially saving them thousands of dollars annually.

Property Tax Bills Across Cypress, Harris County, Texas

Source: Ownwell

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$662

$10,355

$20,047

Median Cypress Tax Bill

$6,840

Median Harris County Tax Bill

$4,406

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Cypress, Harris County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
77429$2,601$4,324$6,075$8,161$10,869
77433$3,636$5,250$7,746$11,358$15,120
77065N/AN/AN/AN/AN/A
77410N/AN/AN/AN/AN/A

Source: Ownwell

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