Cedar Park, Texas Property Taxes
The median property tax rate in Cedar Park, TX is 1.29%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Cedar Park at $749,230, the typical annual property tax bill reaches $10,249, exceeding the national median of $2,690. Property taxes in Cedar Park are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cedar Park'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 Cedar Park or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cedar Park, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$9,665
$8,969
$1,148
Average Tax Savings
Ownwell’s Cedar Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedar Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedar Park 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 Cedar Park. 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 Travis County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cedar Park, Texas
Property taxes in Cedar Park, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedar Park is 1.29%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Cedar Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedar Park 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 Cedar Park's effective property tax rate to other counties in Texas and the national median. For comparison, the 78641 zip code has the highest median property tax rate of 1.41%, while the 78613 zip code has the lowest median tax rate of 1.28%. Understanding how these cities compare with Cedar Park 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 Cedar Park Tax Rate
1.29%
Average Travis County Tax Rate
1.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedar Park, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78613 | 0.98% | 1.20% | 1.28% | 1.42% | 2.13% |
| 78641 | 1.09% | 1.35% | 1.41% | 1.92% | 2.20% |
Source: Ownwell
$1,148
Average Cedar Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Cedar Park, Texas
In Cedar Park, 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 Cedar Park, 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. For example, the highest median tax bill in Cedar Park is $10,727 in the 78641 zip code, while the lowest is $10,224 in the 78613 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 Cedar Park Assessed Value
$749,230
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 Cedar Park, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78613 | $498,688 | $608,142 | $751,330 | $919,262 | $1,093,963 |
| 78641 | $605,827 | $679,308 | $732,314 | $804,665 | $994,070 |
Source: Ownwell
$1,148
Average Cedar Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Cedar Park, Texas
In Cedar Park, TX, property tax bills are calculated based on the assessed value of the home, which is derived from the market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. For homeowners in Cedar Park, the median home price is $749,230, leading to significant tax bills. For instance, the 25th percentile tax bill is $8,025, while the 75th percentile reaches $12,740, and the 90th percentile can be as high as $15,703. These figures are considerably higher than the national median property tax rate of 0.99%, reflecting the higher property values in the area. Homeowners can be affected by these high property taxes, potentially straining their finances. This is where Ownwell steps in to help. By offering property tax appeal and exemption services, Ownwell can assist homeowners in reducing their tax bills. They analyze each property’s assessed value, identify discrepancies, and file appeals on behalf of the homeowner. This expertise can lead to substantial savings, providing much-needed financial relief.
Average Cedar Park Tax Bill
$10,249
Average Travis County Tax Bill
$7,669
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar Park, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78613 | $5,893 | $7,953 | $10,224 | $12,703 | $15,649 |
| 78641 | $7,620 | $9,786 | $10,727 | $13,891 | $16,228 |
Source: Ownwell
$1,148
Average Cedar Park 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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