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The Hills, Texas Property Taxes

The median property tax rate in The Hills, TX is 1.00%, slightly above the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $996,939 in The Hills, the typical annual property tax bill reaches $10,165, significantly exceeding the national median of $2,690. Property taxes in The Hills 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 The Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of The Hills 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

The Hills, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1%

Estimate Property Tax Bill

$9,969

$9,224

SAVE WITH OWNWELL

$1,148

Average The Hills, Texas Tax Savings

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

Property taxes in The Hills, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in The Hills is 1.00%, higher than both the Texas state median of 0.81% and the U.S. national median of 0.99%. Local government entities within The Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, The Hills 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 The Hills' effective property tax rate to other counties in Texas and the national median. For comparison, the 78738 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with The Hills 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.

Property Tax Rates Across The Hills, Texas

Source: Ownwell

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0.31%

1.31%

2.31%

Average The Hills Tax Rate

1.00%

Average Travis County Tax Rate

1.31%

Average Texas Tax Rate

1.67%

Average United States Tax Rate

0.99%

Property Tax Rates Across The Hills, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
787380.74%0.86%1.00%1.20%1.95%

Source: Ownwell

Property Tax Assessment Values Across The Hills, Texas

In The Hills, 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 The Hills, 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. The highest median tax bill in The Hills is $10,165, found in the 78738 zip code, which is also where the lowest median tax bill is recorded. Being aware of these valuation processes in The Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across The Hills, Texas

Source: Ownwell

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$2,985

$1,575,854

$3,148,722

Average The Hills Assessed Value

$996,939

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 The Hills, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
78738$646,250$835,316$996,939$1,172,620$1,365,573

Source: Ownwell

Property Tax Bills Across The Hills, Texas

In The Hills, property tax bills are calculated based on the assessed value of a home, which is determined by the Travis County Appraisal District. The assessed value is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $996,939, homeowners in The Hills can expect varying tax bills, with the 25th percentile at $7,903 and the 75th percentile reaching $13,256, while the 90th percentile can go as high as $17,999. These figures highlight how property taxes can significantly impact household budgets. Ownwell helps homeowners in The Hills reduce their property tax bills by providing expert property tax appeal and exemption services. By analyzing the assessed value and comparing it to market conditions, Ownwell identifies discrepancies and files appeals on behalf of homeowners. This can lead to substantial savings, ensuring that homeowners are not overpaying on their property taxes. With professional guidance, navigating the complexities of property tax assessments becomes a seamless process, ultimately lowering the financial burden on homeowners.

Property Tax Bills Across The Hills, Texas

Source: Ownwell

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$48

$13,797

$27,546

Average The Hills Tax Bill

$10,165

Average Travis County Tax Bill

$7,669

Average Texas Tax Bill

$3,971

Average United States Tax Bill

$2,690

Property Tax Bills Across The Hills, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
78738$6,052$7,903$10,165$13,256$17,999

Source: Ownwell

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