Horseshoe Bay, Texas Property Taxes
The median property tax rate in Horseshoe Bay, TX is 1.49%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Horseshoe Bay at $563,950, the typical annual property tax bill reaches $7,535, exceeding the national median of $2,690. Property taxes in Horseshoe Bay 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 Horseshoe Bay'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 Horseshoe Bay 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
Horseshoe Bay, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$8,403
$7,798
$1,148
Average Tax Savings
Ownwell’s Horseshoe Bay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Horseshoe Bay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Horseshoe Bay 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 Horseshoe Bay. 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 Horseshoe Bay, Texas
Property taxes in Horseshoe Bay, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Horseshoe Bay is 1.49%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Horseshoe Bay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Horseshoe Bay 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 Horseshoe Bay's effective property tax rate to other counties in Texas and the national median. For comparison, the 78657 zip code has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Horseshoe Bay provides valuable insights into the varying tax landscape across Llano County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Horseshoe Bay Tax Rate
1.49%
Average Llano County Tax Rate
1.32%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Horseshoe Bay, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78657 | 0.93% | 1.11% | 1.49% | 1.60% | 1.60% |
Source: Ownwell
$1,148
Average Horseshoe Bay Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Horseshoe Bay, Texas
In Horseshoe Bay, 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 Llano 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 Horseshoe Bay, 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. For instance, the median home price in Horseshoe Bay is $563,950, with tax bills ranging significantly. The 25th percentile tax bill is $4,214, while the 75th percentile reaches $13,793. Notably, the highest median tax bill in the city is $7,535 in the 78657 zip code, which is also the lowest median tax bill. 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 the tax burden.
Average Horseshoe Bay Assessed Value
$563,950
Average Llano County Assessed Value
$250,390
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Horseshoe Bay, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78657 | $190,438 | $331,765 | $563,950 | $984,970 | $1,754,972 |
Source: Ownwell
$1,148
Average Horseshoe Bay Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Horseshoe Bay, Texas
In Horseshoe Bay, Llano County, TX, property tax bills are calculated based on the assessed value of the home, which is determined by the county appraisal district. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $563,950, many homeowners face significant tax bills. For example, those in the 25th percentile pay around $4,214, while those in the 75th percentile see bills as high as $13,793. The highest median tax bill in the area is $7,535, which is considerably higher than the national median property tax rate of 0.99%. Homeowners in Horseshoe Bay can benefit from Ownwell's expertise in property tax appeals and exemptions. By thoroughly reviewing property assessments and identifying potential discrepancies, Ownwell helps homeowners reduce their tax burdens. This service can lead to substantial savings, ensuring that homeowners pay only their fair share in property taxes.
Average Horseshoe Bay Tax Bill
$7,535
Average Llano County Tax Bill
$2,837
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Horseshoe Bay, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78657 | $2,244 | $4,214 | $7,535 | $13,793 | $25,442 |
Source: Ownwell
$1,148
Average Horseshoe Bay 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 | |
|---|---|
| Llano Appraisal District | |
| Website | esearch.llanocad.net |
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