Hutto, Texas Property Taxes
The median property tax rate in Hutto, TX is 1.92%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $348,956 in Hutto, the typical annual property tax bill reaches $7,274, far exceeding the national median of $2,690. Property taxes in Hutto are calculated based on the assessed value, which usually 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
1.92%
Estimate Property Tax Bill
$6,700
$6,199
$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 vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hutto is 1.92%, higher than both the Texas state median of 1.80% 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 1.92%, while the same zip code also has the lowest median tax rate of 1.92%. 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
1.92%
Average Williamson County Tax Rate
1.78%
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 | 1.47% | 1.79% | 1.92% | 2.62% | 2.78% |
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 Williamson 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. The highest and lowest median tax bills in Hutto are both $7,274, found in the zip code 78634.
Average Hutto Assessed Value
$348,956
Average Williamson County Assessed Value
$413,321
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 | $292,797 | $315,038 | $348,956 | $399,719 | $477,131 |
Source: Ownwell
$1,148
Average Hutto Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hutto, Texas
In Hutto, Williamson County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $348,956, homeowners can expect tax bills ranging from $6,009 at the 25th percentile to $10,694 at the 90th percentile. This variability depends on factors such as property location, exemptions, and improvements. Homeowners in Hutto face a significant property tax burden, especially when compared to the national median property tax rate of 0.99%. With the highest median tax bill in the area reaching $7,274, it's essential for homeowners to explore ways to reduce their tax liability. Ownwell offers expert property tax appeal services, helping homeowners challenge their assessed values and secure potential savings. By leveraging local market data and appraisal expertise, Ownwell ensures that homeowners pay only their fair share in property taxes.
Average Hutto Tax Bill
$7,274
Average Williamson County Tax Bill
$7,929
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 | $4,962 | $6,009 | $7,274 | $9,187 | $10,694 |
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 | |
|---|---|
| Williamson Appraisal District | |
| Phone | (512) 930-3787 |
| Website | search.wcad.org |
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