Bee Caves, Texas Property Taxes
The median property tax rate in Bee Caves, 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 $1,022,463, the typical annual property tax bill in Bee Caves reaches $12,715, significantly exceeding the national median of $2,690. Property taxes in Bee Caves are calculated based on the tax-assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Bee Caves' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bee Caves or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bee Caves, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$13,701
$12,677
$1,148
Average Bee Caves, Texas Tax Savings
Ownwell’s Bee Caves Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bee Caves with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bee Caves 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 Caves. 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 Caves, Texas
Property taxes in Bee Caves, Texas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Bee Caves is 1.34%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Bee Caves set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bee Caves 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 Caves' 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 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Bee Caves 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 Caves Tax Rate
1.34%
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 Caves, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78738 | 0.81% | 0.90% | 1.34% | 1.49% | 2.26% |
Source: Ownwell
$1,148
Average Bee Caves Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Bee Caves, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bee Caves, Texas. 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 Caves, 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 example, the highest median tax bill in the area is $12,715 in the 78738 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 Bee Caves helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bee Caves Assessed Value
$1,022,463
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 Caves, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78738 | $843,737 | $903,436 | $1,022,463 | $1,153,773 | $1,217,711 |
Source: Ownwell
$1,148
Average Bee Caves Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Bee Caves, Texas
In Bee Caves, TX, property tax bills are computed based on the assessed value of the home and the local tax rate. With a median home price of $1,022,463, homeowners often face substantial tax bills. The tax bill can range significantly, with the 25th percentile at $9,682 and the 75th percentile at $16,916, reaching up to $19,496 at the 90th percentile. These figures are considerably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. High property values in Bee Caves contribute to these elevated tax bills, impacting homeowners' financial planning. Ownwell assists homeowners by offering property tax appeal and exemption services. By analyzing the assessed value and identifying discrepancies, Ownwell can help reduce the tax burden. This expert guidance ensures homeowners pay only their fair share, potentially saving thousands on their property tax bills.
Average Bee Caves Tax Bill
$12,715
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 Caves, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78738 | $8,842 | $9,682 | $12,715 | $16,916 | $19,496 |
Source: Ownwell
$1,148
Average Bee Caves 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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