Hutto, Texas Property Taxes
The median property tax rate in Hutto, TX is 1.45%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Hutto at $521,956, the typical annual property tax bill reaches $7,410, far exceeding the national median of $2,690. Property taxes in Hutto 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 Hutto'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 Hutto 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
Hutto, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$7,568
$7,003
$1,148
Average Hutto, Texas Tax Savings
Ownwell’s Hutto Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hutto with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hutto 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 Hutto. 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 Hutto, Texas
Property taxes in Hutto, Texas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Hutto is 1.45%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hutto set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hutto 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 Hutto's effective property tax rate to other counties in Texas and the national median. For comparison, the 78634 ZIP code has the highest median property tax rate of 1.45%, while the same ZIP code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with Hutto provides valuable insights into the varying tax landscape across Williamson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hutto Tax Rate
1.45%
Average Travis County Tax Rate
1.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hutto, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78634 | 0.43% | 1.24% | 1.45% | 1.58% | 2.50% |
Source: Ownwell
$1,148
Average Hutto Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hutto, Texas
In Hutto, 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 Hutto, 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 Hutto helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Hutto are both in the 78634 zip code, with a median tax bill of $7,410.
Average Hutto Assessed Value
$521,956
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 Hutto, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78634 | $395,167 | $467,325 | $521,956 | $583,325 | $928,846 |
Source: Ownwell
$1,148
Average Hutto Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hutto, Texas
In Hutto, Travis County, TX, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The median home price in Hutto is $521,956, and homeowners can expect tax bills ranging from $5,898 at the 25th percentile to $12,111 at the 90th percentile. Factors influencing the tax bill include the assessed property value and the local tax rate. Compared to the national median property tax rate of 0.99%, Hutto's property tax bills tend to be higher, impacting homeowners significantly. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By reviewing and challenging assessed values, Ownwell can help reduce property tax bills, ensuring homeowners don't overpay. This assistance is crucial in a region where the highest median tax bill is recorded at $7,410. With Ownwell's support, homeowners can achieve substantial savings, making property ownership more affordable and financially manageable.
Average Hutto Tax Bill
$7,410
Average Travis County Tax Bill
$7,669
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Hutto, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78634 | $3,765 | $5,898 | $7,410 | $8,705 | $12,111 |
Source: Ownwell
$1,148
Average Hutto 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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