Tomball, Texas Property Taxes
The median property tax rate in Tomball, TX is 1.34%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $190,850 in Tomball, the typical annual property tax bill amounts to $2,561, slightly below the national median of $2,690. Property taxes in Tomball are determined 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 properties. Understanding Tomball'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 Tomball or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tomball, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$2,557
$2,373
$1,148
Average Tax Savings
Ownwell’s Tomball Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tomball with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tomball 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 Tomball. 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 Tomball, Texas
Property taxes in Tomball, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tomball is 1.34%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Tomball set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tomball 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 Tomball's effective property tax rate to other counties in Texas and the national median. For comparison, the 77377 zip code has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Tomball 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 Tomball Tax Rate
1.34%
Average Montgomery County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tomball, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77377 | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% |
Source: Ownwell
$1,148
Average Tomball Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Tomball, Texas
In Tomball, 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 Tomball, 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 Tomball helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 77377 in Tomball has both the highest and lowest median tax bills at $2561.
Average Tomball Assessed Value
$190,850
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 Tomball, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77377 | $190,850 | $190,850 | $190,850 | $190,850 | $190,850 |
Source: Ownwell
$1,148
Average Tomball Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Tomball, Texas
In Tomball, TX, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the Montgomery County Appraisal District, which evaluates properties annually. Factors such as market conditions, property size, and improvements can influence this assessment. For Tomball homeowners, the median home price is $190,850, leading to a median tax bill of $2,561. This figure is notably higher than the national median property tax rate of 0.99%, which can place a significant financial burden on homeowners. Ownwell offers a solution by helping homeowners appeal their property tax assessments and apply for exemptions. Our experts analyze your property's assessed value to identify discrepancies and build a strong case for reducing your tax bill. With a successful appeal, homeowners can see substantial savings, alleviating some of the financial pressure. By leveraging Ownwell's expertise, you can ensure your property tax bill is fair and manageable.
Average Tomball Tax Bill
$2,561
Average Montgomery County Tax Bill
$4,550
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Tomball, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77377 | $2,561 | $2,561 | $2,561 | $2,561 | $2,561 |
Source: Ownwell
$1,148
Average Tomball 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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