Grandview, Texas Property Taxes
The median property tax rate in Grandview, TX is 1.82%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Grandview at $168,510, the typical annual property tax bill reaches $3,255, exceeding the national median of $2,690. Property taxes in Grandview are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. 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
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Grandview, Texas Tax Savings
Ownwell’s Grandview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grandview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grandview 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 Grandview. 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 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 1.82%, higher than both the Texas state median 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 1.82%, while the 76050 zip code also has the lowest median tax rate of 1.82%. Understanding how these cities compare with Grandview 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 Grandview Tax Rate
1.82%
Average Johnson County Tax Rate
2.20%
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 | 0.97% | 1.48% | 1.82% | 2.35% | 3.45% |
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 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 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. The highest median tax bill in Grandview is $3,255 in the 76050 zip code, while the lowest median tax bill is also $3,255 in the same zip code.
Average Grandview Assessed Value
$168,510
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 Grandview, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76050 | $47,884 | $90,466 | $168,510 | $270,556 | $344,994 |
Source: Ownwell
$1,148
Average Grandview Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Grandview, Texas
In Grandview, Johnson County, TX, 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 then applied to this assessed value to calculate the annual property tax bill. For instance, with a median home price of $168,510, homeowners in Grandview can expect varying tax bills. At the 25th percentile, the tax bill is around $1,631, while at the 75th percentile, it climbs to approximately $5,120. The highest tax bills, found at the 90th percentile, can reach up to $6,967. Several factors influence these tax bills, including property size, location, and market conditions. High property taxes can significantly impact homeowners, making it crucial to ensure assessments are accurate and fair. Ownwell assists homeowners by reviewing property assessments, identifying potential errors, and filing appeals to lower tax bills. By leveraging expert knowledge and local data, Ownwell helps homeowners in Grandview save significantly on their property taxes, ensuring they only pay their fair share.
Average Grandview Tax Bill
$3,255
Average Johnson County Tax Bill
$4,339
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 | $814 | $1,631 | $3,255 | $5,120 | $6,967 |
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 | |
|---|---|
| Johnson Appraisal District | |
| Website | esearch.johnsoncad.com |
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