Granbury, Texas Property Taxes
The median property tax rate in Granbury, TX is 0.91%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $251,120 in Granbury, the typical annual property tax bill amounts to $2,446, falling below the national median of $2,690. Property taxes in Granbury are calculated based on the tax assessed value, which generally is less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Granbury'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 Granbury or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Granbury, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$2,285
$2,121
$1,148
Average Tax Savings
Ownwell’s Granbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Granbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Granbury to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Granbury. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Granbury, Texas
Property taxes in Granbury, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Granbury is 1.12%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Granbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Granbury 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 Granbury's effective property tax rate to other counties in Texas and the national median. For comparison, the 76049 zip code has the highest median property tax rate of 1.12%, while the 76049 zip code has the lowest median tax rate of 1.12%. Understanding how these cities compare with Granbury provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Granbury Tax Rate
0.91%
Average Johnson County Tax Rate
2.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Granbury, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76049 | 0.91% | 0.91% | 0.91% | 0.91% | 1.80% |
Source: Ownwell
$1,148
Average Granbury Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Granbury, Texas
In Granbury, 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 Johnson 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 Granbury, 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. Granbury's median home price is $251,120, with property tax bills ranging from $2,000 at the 25th percentile to $5,137 at the 90th percentile. The zip code 76049 reports the highest and lowest median tax bills, both at $2,446. Being aware of these valuation processes in Granbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Granbury Assessed Value
$251,120
Average Johnson County Assessed Value
$190,190
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Granbury, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76049 | $181,259 | $213,632 | $251,120 | $313,379 | $378,209 |
Source: Ownwell
$1,148
Average Granbury Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Granbury, Texas
In Granbury, Johnson County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. For instance, with a median home price of $251,120, homeowners can expect varying tax bills. The 25th percentile tax bill is around $2,000, while the 75th percentile reaches $3,220, and the 90th percentile can go as high as $5,137. These figures reflect the impact of property values and tax rates on homeowners, with the highest median tax bill in the area being $2,446 in the 76049 zip code. Ownwell assists homeowners by providing expert property tax appeal and exemption services, ensuring they are not overpaying. By analyzing property assessments and market values, Ownwell identifies discrepancies and files appeals on behalf of homeowners. This process can lead to significant savings, reducing the financial burden of property taxes. With professional guidance, homeowners in Granbury can achieve fairer tax bills and better manage their expenses.
Average Granbury Tax Bill
$2,446
Average Johnson County Tax Bill
$4,339
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Granbury, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76049 | $1,700 | $2,000 | $2,446 | $3,220 | $5,137 |
Source: Ownwell
$1,148
Average Granbury 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 | |
|---|---|
| Johnson Appraisal District | |
| Website | esearch.johnsoncad.com |
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