Dripping Springs, Texas Property Taxes
Real Estate Values and Property Tax Valuation in Dripping Springs, Texas
Dripping Springs has a total of 7,226 properties with a cumulative value of $3.8B. This accounts for 15.56% of all real estate value in Hays County. Property taxes in Dripping Springs totaled $56.0M, with the average homeowner paying $7,757 in property taxes compared to the county average of $6,079. The average property tax rate in Dripping Springs is 1.47%, while the county average is 1.83%. Property taxes are based on the assessed value of the property, which is determined by the local tax assessor.
The property tax timeline in Texas begins on January 1st, when the property valuation date is set. Property value notices are issued between April and May, and the property tax appeal deadline is May 15th or 30 days after the notices are issued. The real property tax bill is due on January 31st for the preceding year's gross tax bills.
Updated November 01, 2023
| Important Links | |
|---|---|
| Hays Clerk | (512) 393-7738 |
| Important Dates | |
|---|---|
| Real Property Tax Bill Due (1st of #): | January 31st, Gross tax bills for preceding year |
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - May |
| Property Tax Appeal Deadline: | May 15th or 30 days after notices are issued |
| Property Tax Bills Issued: | October 1st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Dripping Springs, Texas
Residential Property Tax by ZIP code in Dripping Springs, Texas
Dripping Springs is located in Hays County, Texas and has an average property tax rate of 1.47%. This rate is lower than the average Hays County property tax rate of 1.83%. Property taxes in Dripping Springs are collected annually and are estimated to be around $7,757 in 2023. The ZIP code with the highest effective property tax rate in Dripping Springs is 78620, with an effective rate of 1.47%.
Property tax rates in Dripping Springs vary across ZIP codes due to differences in home values. The ZIP code with the lowest effective property tax rate in Dripping Springs is not known, but it is likely to be lower than the average rate of 1.47%. Property taxes are an important source of revenue for the city and are used to fund public services such as schools, roads, and public safety. It is important for homeowners to be aware of their local property tax rates and how they compare to the rest of Hays County.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Dripping Springs, Texas. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78620 | $150,580 | $319,940 | $469,720 | $625,978 | $836,640 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Dripping Springs, Texas.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78620 | $1,554 | $4,227 | $7,342 | $10,481 | $13,607 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78620 | 1.03% | 1.32% | 1.56% | 1.67% | 1.63% |
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Real Estate Values in Dripping Springs, Texas
Average Home Value in Dripping Springs, Texas
Last updated: November 2023
We currently do not have this data but we are working to add this soon.
We currently do not have this data but we are working to add this soon.
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Housing Expenses in Dripping Springs, Texas
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for South region
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