Hilltop Lakes, Texas Property Taxes
The median property tax rate in Hilltop Lakes, TX is 1.66%, slightly lower than the Texas state median of 1.67% but still significantly higher than the national median of 0.99%. With a median home value of $216,450, the typical annual property tax bill in Hilltop Lakes reaches $3,576, surpassing the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural lands. Navigating Hilltop Lakes' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hilltop Lakes or another part of Leon County, a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hilltop Lakes, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$3,593
$3,334
Ownwell’s HILLTOP LAKES Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HILLTOP LAKES with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HILLTOP LAKES to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Hilltop Lakes, Texas
Property taxes in Hilltop Lakes, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hilltop Lakes is 1.66%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hilltop Lakes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hilltop Lakes 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 Hilltop Lakes' effective property tax rate to other counties in Texas and the national median. For comparison, the 77871 zip code has the highest median property tax rate of 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Hilltop Lakes provides valuable insights into the varying tax landscape across Leon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hilltop Lakes Tax Rate
1.66%
Average Leon County Tax Rate
1.60%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hilltop Lakes, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77871 | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Hilltop Lakes, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hilltop Lakes, Texas. 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 Leon 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 Hilltop Lakes, 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. The median home price in the area is $216,450, with tax bills ranging from $2,391 at the 25th percentile to $6,377 at the 90th percentile. The zip code 77871 has the highest median tax bill at $3,576. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Hilltop Lakes Assessed Value
$216,450
Average Leon County Assessed Value
$129,755
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hilltop Lakes, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77871 | $19,142 | $144,050 | $216,450 | $285,288 | $384,279 |
Source: Ownwell
Property Tax Bills Across Hilltop Lakes, Texas
In Hilltop Lakes, Leon County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in this area is $216,450. Homeowners can expect their tax bills to vary widely, with the 25th percentile at $2,391 and the 75th percentile reaching $4,723. For those in the 90th percentile, tax bills can climb as high as $6,377. The highest median tax bill in the region is $3,576, which is consistent across the zip code 77871. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These factors combined mean that property taxes can significantly impact homeowners' annual expenses. Compared to the national median property tax rate of 0.99%, the rates in Hilltop Lakes can lead to a substantial financial obligation for residents, emphasizing the importance of understanding local property tax calculations.
Average Hilltop Lakes Tax Bill
$3,576
Average Leon County Tax Bill
$1,738
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hilltop Lakes, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77871 | $318 | $2,391 | $3,576 | $4,723 | $6,377 |
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 | |
|---|---|
| Leon Appraisal District | |
| Website | www.leoncad.org |