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New Waverly, Montgomery County, Texas Property Taxes

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Property Taxes in New Waverly, Texas

  • Median New Waverly, Texas effective property tax rate: 1.06%, significantly lower than the national median of 1.02%, and lower than the Texas state median of 1.48%.

  • Median New Waverly, Texas home value: $169,744

  • Median annual New Waverly, Texas tax bill: $1,265, $1,135 lower than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

Property taxes in New Waverly, Texas 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 April 13, 2026

New Waverly, Montgomery County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.06%

Estimate Property Tax Bill

$1,799

$1,670

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the New Waverly Property Tax Calculator Work?

Use this New Waverly property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies New Waverly's median effective tax rate of 1.06% — based on actual property records in Montgomery County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies New Waverly's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within New Waverly: rates range from 1.06% in 77358 to 1.06% in 77358, primarily due to differences in school district levies and local assessment districts.

If your estimate is higher than expected, Ownwell can appeal your New Waverly assessment — you only pay if we save you money.

About New Waverly Property Taxes

About Property Taxes in New Waverly, Montgomery, Texas

New Waverly’s median effective property tax rate of 1.06% is lower than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Montgomery County base levy combined with local school district levies and Municipal Utility Districts that can vary by subdivision throughout the city.

Property tax rates are not uniform across New Waverly. Homeowners in ZIP code 77358 carry a median effective rate of 1.06%, and the same ZIP also shows the city’s median home price of $169,744 and median tax bill of $1,265. Understanding how your property is assessed can make a meaningful difference to your annual tax bill.

Homeowners who believe their assessed value is too high can file a formal appeal with the Appraisal District before the May 15, 2026 deadline each year. If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across New Waverly, Montgomery County, Texas

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? 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 New Waverly's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

Property Tax Rates Across New Waverly, Montgomery County, Texas

Source: Ownwell

0.89%

1.35%

1.82%

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

1.06%

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

1.36%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New Waverly, Montgomery County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
773580.11%0.41%1.06%1.63%1.68%

Source: Ownwell

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

When examining property taxes in New Waverly, Texas, 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.

Assessment notices:

In Montgomery County, assessment notices are sent in April each year.

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 $169,744, with tax bills ranging significantly across the county. 77358 has the highest median home price at $169,744.

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

Source: Ownwell

$86,334

$302,722

$519,110

Median New Waverly Market Value

$169,744

Median Montgomery County Market Value

$305,298

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

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

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
77358$23,040$66,136$169,744$307,092$441,482

Source: Ownwell

Property Tax Bills Across New Waverly, Montgomery County, Texas

Property tax bills in New Waverly are calculated by multiplying a home’s assessed market value by the local tax rate, so the amount you owe depends on both your property’s value and the tax rates set by local taxing authorities. For homeowners, that means a higher assessed value can lead to a higher bill even if nothing about the home has changed. With a median home price of $169,744, tax bills can still vary widely across the area, from $396 at the 25th percentile to $2,934 at the 75th percentile, with the 90th percentile reaching $5,110. The median tax bill in the area is $1,265, which is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. Ownwell helps homeowners challenge unfair assessments and find exemptions that may lower their property tax bills, making it easier to keep more money in your pocket.

Property Tax Bills Across New Waverly, Montgomery County, Texas

Source: Ownwell

$745

$3,834

$6,922

Median New Waverly Tax Bill

$1,265

Median Montgomery County Tax Bill

$4,047

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across New Waverly, Montgomery County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
77358$78$396$1,265$2,934$5,110

Source: Ownwell

Don't miss the deadline to protest!

Frequently Asked Property Tax Questions in New Waverly, Texas

How are property taxes calculated in New Waverly, Texas?
Property taxes in New Waverly, Texas are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in New Waverly, Texas?
To appeal your property taxes in New Waverly, Texas, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in New Waverly, Texas?
Common property tax exemptions in New Waverly, Texas include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in New Waverly, Texas?
Property tax deadlines in New Waverly, Texas vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in New Waverly, Texas?
Ownwell provides professional property tax appeal services in New Waverly, Texas. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.