Bee Cave, Texas Property Taxes
The median property tax rate in Bee Cave, TX is 0.87%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $1,246,883 in Bee Cave, the typical annual property tax bill amounts to $12,013, significantly surpassing the national median of $2,690. Property taxes in Bee Cave are determined based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bee Cave'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 Bee Cave 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
Bee Cave, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$10,848
$10,067
$1,148
Average Tax Savings
Ownwell’s Bee Cave Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bee Cave with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bee Cave 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 Bee Cave. 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 Bee Cave, Texas
Property taxes in Bee Cave, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bee Cave is 0.87%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bee Cave set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bee Cave 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 Bee Cave's effective property tax rate to other counties in Texas and the national median. For comparison, the 78738 zip code has the highest median property tax rate of 0.87%, while the 78738 zip code has the lowest median tax rate of 0.87%. Understanding how these cities compare with Bee Cave provides valuable insights into the varying tax landscape across Travis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bee Cave Tax Rate
0.87%
Average Travis County Tax Rate
1.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bee Cave, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78738 | 0.66% | 0.78% | 0.87% | 1.00% | 1.55% |
Source: Ownwell
$1,148
Average Bee Cave Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Bee Cave, Texas
In Bee Cave, 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 Travis 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 Bee Cave, 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. The median home price in Bee Cave is $1,246,883, with tax bills ranging from $8,888 at the 25th percentile to $14,537 at the 75th percentile. The highest and lowest median tax bills are both $12,013 in the 78738 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bee Cave Assessed Value
$1,246,883
Average Travis County Assessed Value
$537,591
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bee Cave, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78738 | $839,803 | $978,934 | $1,246,883 | $1,601,466 | $1,820,160 |
Source: Ownwell
$1,148
Average Bee Cave Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Bee Cave, Texas
In Bee Cave, located in Travis County, TX, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county appraisal district and is intended to reflect the market value of the property. For instance, with a median home price of $1,246,883, homeowners can expect significant property tax bills. The median property tax bill in Bee Cave is $12,013, which is considerably higher than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including property size, location, and any improvements made to the property. High property taxes can be a financial burden for homeowners, but Ownwell can help. Our property tax appeal and exemption services aim to ensure that your property is fairly assessed, potentially lowering your tax bill. By leveraging our expertise, homeowners in Bee Cave can save significantly on their property taxes, easing the financial strain and ensuring they only pay their fair share.
Average Bee Cave Tax Bill
$12,013
Average Travis County Tax Bill
$7,669
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Bee Cave, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78738 | $7,020 | $8,888 | $12,013 | $14,537 | $17,183 |
Source: Ownwell
$1,148
Average Bee Cave 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 | |
|---|---|
| Travis Appraisal District | |
| Phone | (512) 834-9317 |
| Website | stage.travis.prodigycad.com |
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