Lowest Tax Rate In Georgetown: The Heights at San Gabriel

Georgetown, known for its rich history, vibrant community, and proximity to Austin, is an attractive destination for homebuyers. Within this city, The Heights at San Gabriel has emerged as a standout residential community, boasting the lowest tax rate in Georgetown at an impressive 1.86%. This means that for every dollar of assessed value on your property, you will only pay 1.86 cents in taxes annually. This lower tax rate presents several advantages for prospective homeowners.

The low tax rate at The Heights at San Gabriel can have a significant impact on your monthly payment. Let’s consider a hypothetical scenario to better understand this impact:

Suppose you are considering purchasing a home at The Heights at San Gabriel with an assessed value of $300,000. With the tax rate of 1.86%, your annual property tax would amount to $5,580 ($300,000 x 0.0186). To determine the monthly payment impact, divide this amount by 12, resulting in a monthly tax payment of $465.

Now, let’s compare this to a hypothetical property with a tax rate of 2.5%—a more typical rate in many areas. In this case, the annual property tax for the same $300,000 assessed value property would amount to $7,500 ($300,000 x 0.025), resulting in a monthly payment of $625.

By having the lowest tax rate in Georgetown, The Heights at San Gabriel saves homeowners approximately $160 per month ($625 – $465) compared to the hypothetical scenario mentioned above. Over the course of a year, this adds up to a substantial savings of $1,920. These savings can be utilized for other expenses.