Granbury, Texas Property Taxes
The median property tax rate in Granbury, TX is 1.61%, significantly higher than the national median of 0.99%, yet slightly below the Texas state median of 1.67%. With the median home value in Granbury at $82,700, the typical annual property tax bill amounts to $882, which is lower than the national median of $2,690. Property taxes in Granbury are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Granbury's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Granbury 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
Granbury, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$1,331
$1,232
$1,148
Average Granbury, Texas Tax Savings
Ownwell’s Granbury Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers an easy way to estimate annual property taxes in Granbury using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Granbury to provide an estimated property tax bill. This valuable tool not only helps you gauge potential tax liabilities but also demonstrates how Ownwell can assist in reducing property taxes in Granbury. For those interested in more detailed insights, you can explore localized trends by scrolling down. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Granbury, Texas
Property taxes in Granbury, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Granbury is 1.61%, higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Granbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Granbury 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 Granbury's effective property tax rate to other counties in Texas and the national median. For comparison, the 76049 zip code has the highest median property tax rate of 1.61%, while the 76048 zip code has the lowest median tax rate of 1.44%. Understanding how these cities compare with Granbury provides valuable insights into the varying tax landscape across Hood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Granbury Tax Rate
1.61%
Average Parker County Tax Rate
1.54%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Granbury, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76048 | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% |
| 76049 | 0.39% | 0.68% | 1.61% | 1.61% | 1.61% |
Source: Ownwell
$1,148
Average Granbury Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Granbury, Texas
In Granbury, 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 Hood 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 Granbury, 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 highest median tax bill in Granbury is $7,442 in the 76048 zip code, while the lowest is $867 in the 76049 zip code. 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 Granbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Granbury Assessed Value
$82,700
Average Parker County Assessed Value
$335,640
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Granbury, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76048 | $483,451 | $495,572 | $515,775 | $535,978 | $548,099 |
| 76049 | $25,566 | $53,540 | $82,440 | $134,030 | $197,290 |
Source: Ownwell
$1,148
Average Granbury Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Granbury, Texas
In Granbury, Parker County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $82,700, homeowners in Granbury can expect varying tax bills. For instance, the 25th percentile tax bill is $384, while the 75th percentile tax bill rises to $1,849, and the 90th percentile reaches $3,040. These figures are influenced by the assessed value of the property, which can fluctuate depending on market conditions and property improvements. Homeowners in Granbury face property tax rates that can significantly impact their annual budgets. For example, the highest median tax bill in the area is $7,442 in zip code 76048, while the lowest is $867 in zip code 76049. These disparities highlight the importance of accurate property assessments. Ownwell helps homeowners by providing expert property tax appeal and exemption services, potentially lowering their tax bills. By leveraging local market data and professional expertise, Ownwell ensures homeowners pay only their fair share, helping them save money annually.
Average Granbury Tax Bill
$882
Average Parker County Tax Bill
$4,986
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Granbury, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76048 | $6,976 | $7,151 | $7,442 | $7,734 | $7,909 |
| 76049 | $229 | $382 | $867 | $1,804 | $2,953 |
Source: Ownwell
$1,148
Average Granbury 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 | |
|---|---|
| Parker Appraisal District | |
| Website | iswdataclient.azurewebsites.net |
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