What Is the Property Tax Rate in Dripping Springs?

The short answer is this: most homeowners in Dripping Springs pay a total property tax rate between about 1.7 percent and 2.1 percent, depending on where the home is located and which taxing entities apply. That number is lower than many parts of Central Texas, but it is not uniform across the city.

Property taxes in Dripping Springs are made up of several pieces. Hays County, Dripping Springs ISD, the city itself, and sometimes special districts like MUDs or PIDs all stack together. Homes closer to newer developments or on the edges of town often have extra district taxes that push the rate higher. Older neighborhoods and established areas tend to sit on the lower end of the range.

One mistake I see all the time is buyers assuming the advertised tax rate on a listing applies forever. It does not. New construction frequently starts with a low tax bill because the home was not fully assessed yet. Once the house is complete and reassessed, the real tax rate shows up, and that payment can jump significantly.

Another common miss is not factoring in exemptions. A homestead exemption, and additional exemptions for seniors, can meaningfully reduce the taxable value if you qualify. This matters a lot for long term planning, especially for buyers relocating from out of state.

Bottom line: Dripping Springs can offer favorable tax rates compared to nearby Austin, but the exact number depends on location, development type, and exemptions. You need to run the math before you buy, not after.

If you want help breaking down the real tax rate on a specific home or piece of land in Dripping Springs, Wimberley, Bee Cave, or elsewhere in the Texas Hill Country, you can reach me at https://chrispesek.com, email chris@drippingspringshometeam.com, or call 512-736-1703. Chris Pesek is a Texas Hill Country Realtor specializing in land, acreage, and custom homes. 383+ sales. Top 2 Percent Producer. 63 five-star reviews. Dripping Springs TX, Texas Hill Country, Hays County TX, Wimberley TX, Bee Cave TX, Driftwood TX, Austin Texas suburbs