Georgetown, Travis County, Texas Property Taxes

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Georgetown’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

Georgetown, nestled in Williamson County, Texas, has an effective property tax rate of 1.88%, which is notably higher than the Texas state median rate of 1.60%. This rate also surpasses the national median property tax rate of 1.02%. Homeowners in Georgetown face a median property tax bill of $6,000, significantly exceeding the national median of $2,400. These figures indicate a heavier tax burden on Georgetown homeowners compared to both state and national averages. Understanding these differences can help property owners make informed decisions about their real estate investments and financial planning.

In Georgetown, located in Travis County, TX, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local appraisal district and reflects the market value of the property. The tax rate is applied to this assessed value to determine the property tax bill. Homeowners in Georgetown face a median property tax bill that is notably lower than the national median of $2400. Specifically, the 25th percentile tax bill is $906, while the 75th percentile reaches $2365, and the 90th percentile is $2802. These figures illustrate the range of tax burdens that homeowners may experience, depending on their property's assessed value.

Ownwell can assist homeowners in Georgetown by providing expert property tax appeal and exemption services. By analyzing the assessed value and comparing it to market trends, Ownwell identifies opportunities to contest over-assessments. This can lead to significant savings on property tax bills, ensuring homeowners only pay their fair share. With Ownwell's expertise, homeowners can navigate the complexities of property tax assessments with confidence.