Grangerland, Texas Property Taxes
The median property tax rate in Grangerland, TX is 0.32%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $120,270 in Grangerland, the typical annual property tax bill is $383, well below the national median of $2,690. Property taxes in Grangerland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Grangerland'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 Grangerland or another part of Montgomery County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grangerland, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$385
$356
$1,148
Average Grangerland, Texas Tax Savings
Ownwell’s Grangerland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grangerland with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Grangerland to provide an accurate estimate of your property tax bill. This valuable tool not only helps you understand potential tax liabilities but also demonstrates how Ownwell can assist in reducing property taxes in Grangerland. If you’re curious about trends at a neighborhood level, scroll down to discover more localized information. Your property’s assessed value is the value assigned by Montgomery County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Grangerland, Texas
Property taxes in Grangerland, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grangerland is 1.99%, significantly higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Grangerland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grangerland 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 Grangerland's effective property tax rate to other counties in Texas and the national median. For comparison, the 77845 zip code has the highest median property tax rate of 2.13%, while the 77532 zip code has the lowest median tax rate of 1.62%. Understanding how these cities compare with Grangerland provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grangerland Tax Rate
0.32%
Average Montgomery County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grangerland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77302 | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% |
Source: Ownwell
$1,148
Average Grangerland Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Grangerland, Texas
In Grangerland, 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 Montgomery 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 Grangerland, 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 Grangerland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In the 77302 zip code, the median tax bill is $383, which is both the highest and lowest in the area.
Average Grangerland Assessed Value
$120,270
Average Montgomery County Assessed Value
$278,300
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grangerland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77302 | $120,270 | $120,270 | $120,270 | $120,270 | $120,270 |
Source: Ownwell
$1,148
Average Grangerland Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Grangerland, Texas
In Grangerland, Montgomery County, TX, property tax bills are calculated based on the assessed value of a property. The median home price in this area is $120,270, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and home improvements can influence the assessed value. For homeowners in Grangerland, the median tax bill stands at $383, which is significantly lower than the national median property tax rate of 0.99%. Homeowners can find this tax burden challenging, especially if the assessed value does not accurately reflect the market value of their property. This is where Ownwell steps in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed. This can lead to a reduction in the tax bill, offering substantial savings. With Ownwell’s assistance, homeowners in Grangerland can navigate the complexities of property tax assessments and secure the most favorable outcomes.
Average Grangerland Tax Bill
$383
Average Montgomery County Tax Bill
$4,550
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Grangerland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77302 | $383 | $383 | $383 | $383 | $383 |
Source: Ownwell
$1,148
Average Grangerland 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 | |
|---|---|
| Montgomery Appraisal District | |
| Website | mcad-tx.org |
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