Grandview, Texas Property Taxes
The median property tax rate in Grandview, TX is 1.35%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $182,965 in Grandview, the typical annual property tax bill reaches $2,138, falling below the national median of $2,690. Property taxes in Grandview are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Grandview'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 Grandview 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
Grandview, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$2,470
$2,285
$1,148
Average Grandview, Texas Tax Savings
Ownwell’s Grandview Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers aiming to estimate their annual property taxes in Grandview. By simply entering your property's estimated assessed value, the calculator applies the median tax rate in Grandview to provide an accurate estimate of your property tax bill. This valuable resource not only clarifies potential tax liabilities but also demonstrates how Ownwell can help reduce property taxes in Grandview. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, assigned by the county for tax calculations, includes any applicable exemptions.
Property Tax Rates Across Grandview, Texas
Property taxes in Grandview, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grandview is 1.35%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Grandview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grandview 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 Grandview's effective property tax rate to other counties in Texas and the national median. For comparison, the 76050 zip code has the highest median property tax rate of 1.35%, while the 76050 zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Grandview provides valuable insights into the varying tax landscape across 48217, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grandview Tax Rate
1.35%
Average Hill County Tax Rate
1.56%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grandview, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76050 | 0.64% | 1.04% | 1.35% | 1.51% | 1.52% |
Source: Ownwell
$1,148
Average Grandview Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Grandview, Texas
In Grandview, 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 Hill 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 Grandview, 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. 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 Grandview helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 76050 has both the highest and lowest median tax bill at $2,138, indicating a uniformity in tax assessments within the region.
Average Grandview Assessed Value
$182,965
Average Hill County Assessed Value
$116,870
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grandview, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76050 | $47,139 | $90,438 | $182,965 | $366,910 | $568,679 |
Source: Ownwell
$1,148
Average Grandview Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Grandview, Texas
In Grandview, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in the area stands at $182,965. Homeowners in Grandview can expect varying tax bills, with the 25th percentile at $1,079 and the 75th percentile reaching $3,384. At the 90th percentile, tax bills can soar to $6,352. These figures highlight the significant impact property taxes can have on household finances. Factors influencing the tax bill include the home's assessed value and the local tax rate. Homeowners in the 76050 zip code face the highest and lowest median tax bills, both at $2,138, showing some uniformity in tax rates within this area of Hill County. Ownwell can assist homeowners in reducing their property tax bills by providing expert property tax appeal and exemption services. By identifying discrepancies in assessed values and ensuring all eligible exemptions are applied, Ownwell helps homeowners achieve substantial savings, alleviating the financial burden of high property taxes.
Average Grandview Tax Bill
$2,138
Average Hill County Tax Bill
$1,810
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Grandview, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76050 | $536 | $1,079 | $2,138 | $3,384 | $6,352 |
Source: Ownwell
$1,148
Average Grandview 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 | |
|---|---|
| Hill Appraisal District | |
| Website | esearch.hillcad.org |
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