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Granite Shoals, Texas Property Taxes

The median property tax rate in Granite Shoals, TX is 0.45%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Granite Shoals at $198,966, the typical annual property tax bill is $899, which is also below the national median of $2,690. Property taxes in Granite Shoals are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Granite Shoals' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Granite Shoals 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

Granite Shoals, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

0.45%

Estimate Property Tax Bill

$895

$831

SAVE WITH OWNWELL

$1,148

Average Tax Savings

Ownwell’s Granite Shoals Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Granite Shoals with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Granite Shoals 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 Granite Shoals. 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 Granite Shoals, Texas

Property taxes in Granite Shoals, Texas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Granite Shoals is 1.67%, higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Granite Shoals set these rates annually, and they can vary significantly across different neighborhoods. Each year, Granite Shoals 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 Granite Shoals' effective property tax rate to other counties in Texas and the national median. For comparison, the 78654 zip code has the highest median property tax rate of 1.67%, while the same 78654 zip code also has the lowest median tax rate of 1.67%. Understanding how these cities compare with Granite Shoals provides valuable insights into the varying tax landscape across Burnet County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across Granite Shoals, Texas

Source: Ownwell

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0.31%

1.31%

2.31%

Average Granite Shoals Tax Rate

0.45%

Average Travis County Tax Rate

1.31%

Average Texas Tax Rate

1.67%

Average United States Tax Rate

0.99%

Property Tax Rates Across Granite Shoals, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
786540.45%0.45%0.45%0.45%0.45%

Source: Ownwell

Property Tax Assessment Values Across Granite Shoals, Texas

In Granite Shoals, 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. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Granite Shoals, the highest and lowest median tax bills are both $899, found in the 78654 zip code.

Property Tax Assessment Values Across Granite Shoals, Texas

Source: Ownwell

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$2,985

$1,575,854

$3,148,722

Average Granite Shoals Assessed Value

$198,966

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 Granite Shoals, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
78654$198,966$198,966$198,966$198,966$198,966

Source: Ownwell

Property Tax Bills Across Granite Shoals, Texas

In Granite Shoals, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The median home price in Granite Shoals is $198,966, with property tax bills typically around $899. This rate is significantly lower than the national median property tax rate of 0.99%. Factors influencing the tax bill include the assessed home value and the local tax rate set by various taxing authorities, such as school districts and municipal governments. For homeowners, these property taxes can represent a substantial annual expense. However, Ownwell can help homeowners in Granite Shoals reduce their tax burden. By providing professional property tax appeal and exemption services, Ownwell ensures that property assessments are fair and accurate, potentially lowering the assessed value and, consequently, the tax bill. This assistance can lead to significant savings, making homeownership more affordable and less financially stressful.

Property Tax Bills Across Granite Shoals, Texas

Source: Ownwell

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$48

$13,797

$27,546

Average Granite Shoals Tax Bill

$899

Average Travis County Tax Bill

$7,669

Average Texas Tax Bill

$3,971

Average United States Tax Bill

$2,690

Property Tax Bills Across Granite Shoals, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
78654$899$899$899$899$899

Source: Ownwell

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