Marble Falls, Texas Property Taxes
The median property tax rate in Marble Falls, TX is 1.30%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Marble Falls, the typical annual property tax bill reaches $5,124, exceeding the national median of $2,690. Property taxes in Marble Falls 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 Marble Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Marble Falls 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
Marble Falls, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$6,448
$5,966
$1,148
Average Marble Falls, Texas Tax Savings
Ownwell’s Marble Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marble Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marble Falls 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 Marble Falls. 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 Marble Falls, Texas
Property taxes in Marble Falls, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marble Falls is 1.30%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Marble Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marble Falls 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 Marble Falls' 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 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Marble Falls 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.
Average Marble Falls Tax Rate
1.30%
Average Travis County Tax Rate
1.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marble Falls, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78654 | 0.37% | 0.73% | 1.30% | 1.71% | 2.09% |
Source: Ownwell
$1,148
Average Marble Falls Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Marble Falls, Texas
In Marble Falls, 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 Marble Falls, 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. For example, the median home price in Marble Falls is $496,033, with property tax bills ranging from $1,528 at the 25th percentile to $20,509 at the 90th percentile. 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 Marble Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 78654 has both the highest and lowest median tax bill at $5,124.
Average Marble Falls Assessed Value
$496,033
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 Marble Falls, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78654 | $39,244 | $176,814 | $496,033 | $945,937 | $1,482,653 |
Source: Ownwell
$1,148
Average Marble Falls Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Marble Falls, Texas
In Marble Falls, located in Travis County, TX, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the county appraisal district, which considers factors such as market value, property condition, and improvements. The local tax rate is set by various taxing entities, including school districts and municipal governments. With a median home price of $496,033, homeowners in Marble Falls can face substantial tax bills, ranging from $1,528 at the 25th percentile to $20,509 at the 90th percentile. For homeowners, these tax bills can be a significant financial burden. Ownwell offers property tax appeal and exemption services to help reduce this burden. By providing expert analysis and representation, Ownwell can identify discrepancies in assessed values and file appeals on behalf of homeowners. This can lead to significant savings, ensuring that homeowners only pay their fair share of property taxes.
Average Marble Falls Tax Bill
$5,124
Average Travis County Tax Bill
$7,669
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Marble Falls, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78654 | $218 | $1,528 | $5,124 | $11,530 | $20,509 |
Source: Ownwell
$1,148
Average Marble Falls 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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