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New Waverly, Montgomery County, Texas Property Taxes

  • Median New Waverly, TX effective property tax rate: 1.21%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median New Waverly, TX home value: $177,596

  • Median annual New Waverly, TX tax bill: $1,613, $787 lower than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

Property taxes in New Waverly, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding New Waverly’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Waverly, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

New Waverly, Montgomery County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.21%

Estimate Property Tax Bill

$2,149

$1,994

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s New Waverly Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Waverly with just two data points. By entering your property's estimated assessed value, our calculator applies New Waverly’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Montgomery County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across New Waverly, Montgomery County, Texas

Local government entities set tax rates, which can vary widely within a state. This variance is due to each county estimating its required budget annually to provide services, then dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

New Waverly in Walker County, Texas, has an effective property tax rate that can be compared to other cities in Texas, as well as the median property tax rates in Texas and the U.S. The median property tax rate in Texas is 1.81%, higher than the national median of 1.02%. However, the median property tax bill in Texas is $3,327, which surpasses the national median bill of $2,400. This comparison highlights the variation in property tax burdens across different regions, emphasizing the importance of understanding local tax rates and their impact on property owners.

Property Tax Rates Across New Waverly, Montgomery County, Texas

Source: Ownwell

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0.53%

1.21%

1.89%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective New Waverly Tax Rate

1.21%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Montgomery County Tax Rate

1.39%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New Waverly, Montgomery County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
77358N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across New Waverly, Montgomery County, Texas

When examining property taxes in New Waverly, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Montgomery County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Montgomery County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in New Waverly. For example, the median home price in New Waverly is $177,596, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across New Waverly, Montgomery County, Texas

Source: Ownwell

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$86,152

$303,811

$521,469

Median New Waverly Market Value

$177,596

Median Montgomery County Market Value

$314,556

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across New Waverly, Montgomery County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
77358N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across New Waverly, Montgomery County, Texas

In New Waverly, located in Montgomery County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $177,596, homeowners in New Waverly might find their tax bills vary significantly. The 25th percentile tax bill is $389, while the 75th percentile tax bill is $3,540, and the 90th percentile tax bill reaches $5,638. Compared to the national median property tax bill of $2,400, New Waverly's tax bills can be both lower and higher, depending on the property's assessed value and applicable exemptions. Homeowners can face financial strain if their property is over-assessed. This is where Ownwell can assist. By offering property tax appeal services, Ownwell helps homeowners ensure their property is fairly assessed, potentially lowering their tax bills and providing significant savings.

Property Tax Bills Across New Waverly, Montgomery County, Texas

Source: Ownwell

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$784

$3,919

$7,054

Median New Waverly Tax Bill

$1,613

Median Montgomery County Tax Bill

$4,148

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across New Waverly, Montgomery County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
77358N/AN/AN/AN/AN/A

Source: Ownwell

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