Granbury, Hood County, Texas Property Taxes
Median Granbury, TX effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Granbury, TX home value: $296,670
Median annual Granbury, TX tax bill: $2,115, $285 lower than the national median property tax bill of $2,400.
How are property taxes in Hood County calculated?
Property taxes in Granbury, 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 Granbury’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Granbury, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Granbury, Hood County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$2,818
$2,615
Property Tax Rates Across Granbury, Hood County, Texas
Local government entities in Texas set tax rates, which can vary widely within the state. Each year, Hood County estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting 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.
In Granbury, located in Hood County, the effective property tax rate reflects these calculations. The median property tax rate in Texas is 1.81%, which is higher than the national median of 1.02%. Granbury's tax rates vary, with the highest median tax rate in the 76048 zip code at 1.31% and the lowest in the 76049 zip code at 0.86%. This variance highlights the differences within a single city and emphasizes the importance of understanding local tax rates.
Comparing Granbury’s effective property tax rate to other cities in Texas and the national average provides valuable insights for property owners. Understanding these rates can help residents navigate their property tax bills more effectively.
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 Granbury Tax Rate
0.95%
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 Hood County Tax Rate
0.96%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Granbury, Hood County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76048 | 0.16% | 0.46% | 1.31% | 1.33% | 1.47% |
| 76049 | 0.16% | 0.37% | 0.86% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Granbury, Hood County, Texas
When examining property taxes in Granbury, 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 Hood 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 Hood County, assessment notices are sent in the spring each year and 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 Granbury.
For example, the median home price in Granbury is $296,670, with tax bills ranging significantly across the county. Zip code 76049 has the highest median home price at $357,580.
Property Tax Assessment Values Across Granbury, Hood County, Texas
Source: Ownwell
$57,695
$295,573
$533,450
Median Granbury Market Value
$296,670
Median Hood County Market Value
$289,560
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Granbury, Hood County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76048 | $32,692 | $92,390 | $227,240 | $373,415 | $649,334 |
| 76049 | $75,520 | $212,470 | $357,580 | $498,980 | $685,770 |
Source: Ownwell
Property Tax Bills Across Granbury, Hood County, Texas
Median Granbury Tax Bill
$2,115
Median Hood County Tax Bill
$2,081
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Granbury, Hood County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76048 | $188 | $478 | $1,723 | $3,760 | $6,491 |
| 76049 | $319 | $860 | $2,490 | $4,475 | $6,590 |
Source: 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 | |
|---|---|
| Hood Appraisal District | |
| Website | iswdataclient.azurewebsites.net |