West Lake Hills, Texas Property Taxes
The median property tax rate in West Lake Hills, TX is 0.95%, which is slightly below the national median of 0.99% but significantly lower than the Texas state median of 1.67%. With the median home value in West Lake Hills at $2,302,580, the typical annual property tax bill reaches $22,005, far exceeding the national median of $2,690. Property taxes in West Lake 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 West Lake 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 West Lake 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
West Lake Hills, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$21,875
$20,299
$1,148
Average Tax Savings
Ownwell’s West Lake Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Lake Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Lake 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 West Lake 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 West Lake Hills, Texas
Property taxes in West Lake Hills, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Lake Hills is 1.51%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within West Lake Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Lake 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 West Lake Hills' effective property tax rate to other counties in Texas and the national median. For comparison, the 78746 zip code has the highest median property tax rate of 1.51%, while the same 78746 zip code has the lowest median tax rate of 1.51%. Understanding how these cities compare with West Lake 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.
Average West Lake Hills Tax Rate
0.95%
Average Travis County Tax Rate
1.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Lake Hills, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78746 | 0.57% | 0.75% | 0.95% | 1.23% | 1.66% |
Source: Ownwell
$1,148
Average West Lake Hills Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across West Lake Hills, Texas
In West Lake 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 West Lake 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. For instance, the median home price in West Lake Hills is $2,302,580, with tax bills ranging from $15,129 at the 25th percentile to $50,090 at the 90th percentile. Being aware of these valuation processes in West Lake Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across West Lake Hills, Texas
Source: Ownwell
$2,985
$1,575,854
$3,148,722
Average West Lake Hills Assessed Value
$2,302,580
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 West Lake Hills, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78746 | $1,500,000 | $1,800,696 | $2,302,580 | $2,951,910 | $4,122,588 |
Source: Ownwell
$1,148
Average West Lake Hills Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across West Lake Hills, Texas
In West Lake Hills, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. Given the median home price is $2,302,580, homeowners face significant tax bills. For instance, the 25th percentile tax bill is $15,129, while the 75th percentile reaches $31,939, and the 90th percentile soars to $50,090. These figures are well above the national median property tax rate of 0.99%. Factors such as property size, location, and market conditions influence the assessed value, directly impacting the tax bill. Ownwell offers valuable assistance by appealing property tax assessments and identifying potential exemptions. By leveraging local expertise, we help homeowners ensure their properties are fairly assessed, potentially reducing their tax obligations. Our services can make a significant difference, particularly in high-tax areas like West Lake Hills, where the financial burden can be substantial. Trust Ownwell to help you navigate the complexities of property taxation and save on your annual tax bill.
Average West Lake Hills Tax Bill
$22,005
Average Travis County Tax Bill
$7,669
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across West Lake Hills, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78746 | $10,642 | $15,129 | $22,005 | $31,939 | $50,090 |
Source: Ownwell
$1,148
Average West Lake Hills 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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