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Dripping Springs, Hays County, Texas Property Taxes

  • Median Dripping Springs, TX effective property tax rate: 1.36%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Dripping Springs, TX home value: $773,860

  • Median annual Dripping Springs, TX tax bill: $9,655, $7,255 higher than the national median property tax bill of $2,400.

How are property taxes in Hays County calculated?

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

Last Updated March 1, 2025

Dripping Springs, Hays County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.36%

Estimate Property Tax Bill

$10,524

$9,766

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

By entering your property's estimated assessed value, our calculator applies Dripping Springs’ 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 Dripping Springs, 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 Dripping Springs’ effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Dripping Springs, located in Hays County, has a median property tax rate of 1.36%, which is above the national median of 1.02%. This higher rate reflects the county's budgetary needs and the value of taxable properties. The median tax bill in Dripping Springs is also higher than the national median of $2400, emphasizing the region's relatively higher property values and tax requirements. Understanding these rates can help property owners make informed decisions about their investments and potential savings through tax appeals or exemptions.

Property Tax Rates Across Dripping Springs, 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 Dripping Springs Tax Rate

1.36%

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 Dripping Springs, Hays County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
786200.73%0.98%1.36%1.68%1.91%

Source: Ownwell

Property Tax Assessment Values Across Dripping Springs, Hays County, Texas

When examining property taxes in Dripping Springs, 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.

In Hays 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 Dripping Springs. For example, the median home price in Dripping Springs is $773,860, with tax bills ranging significantly across the county. Zip code 78620 has the highest median home price at $773,860.

Property Tax Assessment Values Across Dripping Springs, Hays County, Texas

Source: Ownwell

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$208,980

$663,550

$1,118,120

Median Dripping Springs Market Value

$773,860

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 Dripping Springs, Hays County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
78620$316,680$544,346$773,860$1,033,345$1,384,107

Source: Ownwell

Property Tax Bills Across Dripping Springs, Hays County, Texas

In Dripping Springs, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The tax rate is applied to this assessed value to determine the final tax bill. With a median home price of $773,860, homeowners in Dripping Springs face significant tax bills. The tax bill at the 25th percentile is $6,715, while at the 75th percentile, it reaches $13,548, and at the 90th percentile, it rises to $18,174. These figures are notably higher than the national median property tax bill of $2,400, reflecting the area's higher property values and tax rates. For homeowners, this can mean a substantial financial burden. However, Ownwell can assist by providing property tax appeal services, potentially lowering the assessed value and, consequently, the tax bill. By leveraging local expertise and knowledge of the appeals process, Ownwell helps homeowners save money and reduce their property tax burden, making homeownership in Dripping Springs more affordable.

Property Tax Bills Across Dripping Springs, Hays County, Texas

Source: Ownwell

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$3,373

$11,179

$18,985

Median Dripping Springs Tax Bill

$9,655

Median Hays County Tax Bill

$7,200

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Dripping Springs, Hays County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
78620$3,293$6,715$9,655$13,548$18,174

Source: Ownwell

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