Georgetown, Texas Property Taxes
The median property tax rate in Georgetown, TX is 1.89%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Georgetown, the typical annual property tax bill reaches $191, which is significantly lower than the national median of $2,690. Property taxes in Georgetown 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 Georgetown'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 Georgetown 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
Georgetown, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Georgetown, Texas Tax Savings
Ownwell’s Georgetown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Georgetown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Georgetown 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 Georgetown. 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 Georgetown, Texas
Property taxes in Georgetown, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Georgetown is 1.89%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Georgetown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Georgetown 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 Georgetown's effective property tax rate to other counties in Texas and the national median. For comparison, the 78628 zip code has the highest median property tax rate of 1.89%, while the 78628 zip code also has the lowest median tax rate of 1.89%. Understanding how these cities compare with Georgetown 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 Georgetown Tax Rate
1.89%
Average Travis County Tax Rate
1.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Georgetown, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78628 | 1.89% | 1.89% | 1.89% | 1.89% | 1.89% |
Source: Ownwell
$1,148
Average Georgetown Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Georgetown, Texas
In Georgetown, 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 Williamson 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 Georgetown, 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 Georgetown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Georgetown are both $191, found in the 78628 zip code.
Average Georgetown Assessed Value
$10,080
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 Georgetown, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78628 | $10,080 | $10,080 | $10,080 | $10,080 | $10,080 |
Source: Ownwell
$1,148
Average Georgetown Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Georgetown, Texas
Property tax bills in Georgetown, Travis County, TX, are calculated based on the assessed value of a property, which is determined by local tax authorities. This assessed value is then multiplied by the local tax rate. In Georgetown, the median home price is $10,080, with property tax rates leading to a median tax bill of $191. Factors such as property location, improvements, and market conditions can influence the assessed value, thereby affecting the overall tax bill. For homeowners, these taxes can be a significant expense. Ownwell offers expert property tax appeal and exemption services to help reduce these costs. By analyzing your property’s assessed value and comparing it with similar properties, Ownwell can identify discrepancies and file appeals on your behalf. This can lead to substantial savings, ensuring you’re not overpaying on your property taxes. With Ownwell’s assistance, homeowners in Georgetown can navigate the complexities of property tax assessments and secure the best possible outcome.
Average Georgetown Tax Bill
$191
Average Travis County Tax Bill
$7,669
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Georgetown, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78628 | $191 | $191 | $191 | $191 | $191 |
Source: Ownwell
$1,148
Average Georgetown 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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