Why Are Hays County Property Taxes So High?
Part of why you pay so much in Hays County property tax is that there is no income tax collected in Texas. As the primary source of revenue for the government in Texas, property taxes are necessary for funding local services in your community. If you live in a more affluent community, you will pay more property taxes than other Hays County residents in neighborhoods with lower property values. And in certain areas where the economy has hit local businesses hard, the property values tend to be lower to accommodate the change in circumstances.
What is the Hays County Property Tax Rate?
The median Hays County property tax rate (2021) is $3,417 per year for a home with a median value of $173,300. On average, Hays County collects property taxes to the tune of 1.97% of a property’s assessed fair market value. This translates to an average of 4.52% of Hays County residents’ yearly income. In comparison, King County in Texas collects the highest property tax – an average of $5,066, while Terrell County has the lowest property tax in the state (an average tax of $285).
Are Property Tax Loans a Good Idea?
If you don’t pay Hays County, Texas Property Tax bill by February 1st, your property tax is considered to be late. Immediately following this date, a late fee is attached to your account, and your taxes are labeled “delinquent.” Penalties and interest will continue to accrue until your delinquent property taxes in Hays County have been paid. The longer you wait, the more mired in debt you will become. Ultimately, you could go bankrupt and experience foreclosure – which typically occurs when a tax lien is placed on your property. The amount of the lien includes the overdue amount along with interest and penalties. Fortunately, Tax Ease offers Texas property tax loans that can get you the financing you need to help you avoid this nightmare scenario.
How Is Your Hays County Property Tax Assessed?
The Hays County property tax you pay is based on the assessed value of your property. This value is determined by the Hays Central Appraisal District (CAD). You can file a protest with CAD if you want to appeal the value appraised by the assessor-collector. It’s the responsibility of the Hays Central Appraisal District to:
- Identify taxable properties, the owners & property values
- Review and grant property exemptions
- Handle changes to addresses and owners
- Mail Notices of Appraised Value
- Manage appeals to property value
- Determine tax jurisdictions for properties
It’s the tax assessor’s responsibility to appraise your property based on factors like the prior property assessment and the amount that real estate has been selling for in your area. Those who are at least 65 years old or disabled can reduce their property tax assessments by applying for property tax exemptions. Homestead exemptions are also available for qualifying property owners who pay Hays County, Texas property taxes.
What Cities Pay Hays County Property Taxes?
The exact amount of Hays County property taxes you will pay depends on the city in which you live. Each local municipality determines the percentage of property tax for their city. This is in addition to the amount assessed by the county. The municipalities located within Hays County are:
- Bear Creek
- Dripping Springs
- Mountain City
- San Marcos
What Do Property Taxes in Hays County Pay For?
Hays County property taxes help pay for city streets, county roads, police and fire protection, schools and many other services. Because there is no income tax in Texas, property taxes must make up for this absent source of revenue.