Granbury, Tarrant County, Texas Property Taxes

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Granbury’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

In Granbury, Hood County, the effective property tax rate is 1.81%, which is notably lower than the Texas median of 1.80% and the national median of 1.02%. This difference highlights how local governance and budgeting priorities can influence property tax obligations. With a median property tax bill of $3,600, Granbury stands above the national median of $2,400. Understanding these variances can assist homeowners in making informed decisions about property investments and financial planning.

In Granbury, located in Hood County, TX, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by local tax assessors and is a percentage of the property's market value. Homeowners in Granbury face a property tax rate that is notably higher than the national median of 1.02%. With a median home price of $191,603, residents often find themselves paying more than the national median property tax bill of $2,400. This can significantly impact homeowners' budgets, as the property tax bill can be a substantial annual expense.

Factors influencing the tax bill include the property's assessed value and the local tax rate. Homeowners in Granbury can benefit from appealing their property tax assessments, potentially lowering their tax bills. Ownwell specializes in helping homeowners navigate this process, offering expertise in identifying discrepancies in assessed values and ensuring that homeowners are not overpaying. By leveraging Ownwell’s services, homeowners can potentially save money and alleviate the financial burden of high property taxes.