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Driftwood, Hays County, Texas Property Taxes

  • Median Driftwood, TX effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Driftwood, TX home value: $996,765

  • Median annual Driftwood, TX tax bill: $11,864, $9,464 higher than the national median property tax bill of $2,400.

How are property taxes in Hays County calculated?

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

Last Updated March 1, 2025

Driftwood, Hays County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.22%

Estimate Property Tax Bill

$12,161

$11,285

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Driftwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Driftwood with just two data points.

By entering your property's estimated assessed value, our calculator applies Driftwood’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 Hays County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Driftwood, Hays County, Texas

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Driftwood’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Driftwood, located in Hays County, has a median property tax rate of 1.22%, which is notably higher than the national median of 1.02%. This rate aligns with the highest and lowest median tax rates in the area, both recorded at 1.22% in the 78619 zip code. Such a comparison highlights the variability of property tax rates within Texas and underscores the importance of understanding local tax dynamics.

Property Tax Rates Across Driftwood, Hays County, Texas

Source: Ownwell

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1.18%

1.51%

1.83%

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 Driftwood Tax Rate

1.22%

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 Hays County Tax Rate

1.71%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Driftwood, Hays County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
786190.74%1.06%1.22%1.51%1.67%

Source: Ownwell

Property Tax Assessment Values Across Driftwood, Hays County, Texas

When examining property taxes in Driftwood, 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 Hays 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 Hays 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 Driftwood. For example, the median home price in Driftwood is $996,765, with tax bills ranging significantly across the county. 78619 has the highest median home price at $996,765.

Property Tax Assessment Values Across Driftwood, Hays County, Texas

Source: Ownwell

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$208,980

$663,550

$1,118,120

Median Driftwood Market Value

$996,765

Median Hays County Market Value

$409,280

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Driftwood, Hays County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
78619$359,905$700,990$996,765$1,241,168$1,614,016

Source: Ownwell

Property Tax Bills Across Driftwood, Hays County, Texas

In Driftwood, located in Hays County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. Homeowners in this area face a median property tax bill of $11,864, significantly higher than the national median of $2,400. This disparity is due to the area's high median home price of $996,765. Property taxes are influenced by various factors, including the assessed property value and the local tax rate. Homeowners at the 25th percentile experience tax bills around $7,817, while those at the 75th percentile see bills as high as $15,113. The top 10% of homeowners may encounter tax bills reaching $19,550, highlighting the impact of property value and tax rates on overall costs. Ownwell offers a solution by providing expert property tax appeal and exemption services, helping homeowners potentially reduce their tax burden. By navigating complex tax regulations, Ownwell aims to secure significant savings for property owners in Driftwood.

Property Tax Bills Across Driftwood, Hays County, Texas

Source: Ownwell

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$3,373

$11,179

$18,985

Median Driftwood Tax Bill

$11,864

Median Hays County Tax Bill

$7,200

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Driftwood, Hays County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
78619$3,380$7,817$11,864$15,113$19,550

Source: Ownwell

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