The combined Granbury, TX property tax rate for the 2025 tax year is roughly $1.6293 per $100 of taxable value if your property sits inside the city limits. That figure combines three separate rates: Granbury ISD, the City of Granbury, and Hood County. On a home appraised at $300,000 with no exemptions, the total bill runs about $4,888. With the standard school homestead exemption, that same home drops closer to $3,586.
The Three Rates That Make Up Your Bill
Property in Granbury is taxed by three overlapping entities, each setting its own rate every fall. One office, the Hood Central Appraisal District, values your property for all three so you get a single appraised value rather than three competing ones.1Hood Central Appraisal District. Hood Central Appraisal District
The 2025 rates per $100 of taxable value are:2Hood Central Appraisal District. Tax Rates and Exemptions
- Granbury ISD: $0.9296, the largest single component
- City of Granbury: $0.42003Granbury, TX – Official Website. Tax Information
- Hood County total: $0.2797, which breaks down into $0.2407 for the general fund, $0.0324 for lateral road maintenance, and $0.0066 for the county library
If your property is inside Granbury ISD but outside the city limits, you skip the city portion entirely. Your combined rate drops to about $1.21 per $100. Rates for the 2026 tax year will not be set until the fall.
How Your Tax Bill Is Calculated
Your bill uses taxable value, not appraised value. Taxable value is what remains after exemptions come off the appraised value. The formula for each entity is: taxable value divided by 100, multiplied by the rate.
Here is how it works for a home appraised at $300,000 inside Granbury city limits, with the standard $140,000 school district homestead exemption:
- Granbury ISD: ($300,000 − $140,000) ÷ 100 × $0.9296 = $1,487
- City of Granbury: $300,000 ÷ 100 × $0.4200 = $1,260
- Hood County: $300,000 ÷ 100 × $0.2797 = $839
- Total: approximately $3,586
The city and county lines above use the full appraised value because any additional local homestead exemptions those entities may adopt would come off separately. Your actual statement will show which exemptions applied to which line.
Exemptions That Lower What You Owe
Exemptions cut your taxable value directly, and for most homeowners in Granbury they are the single biggest lever on the bill.
School District Homestead Exemption
Every Texas school district must give a $140,000 exemption on a residence homestead — a home you own and occupy as your primary residence.4Texas Comptroller of Public Accounts. Property Tax Exemptions Because Granbury ISD’s rate is the largest of the three, this exemption produces the largest dollar savings, roughly $1,301 at the current rate.
Over-65 and Disability Exemptions
Homeowners who are 65 or older, or who have a qualifying disability, get an additional $10,000 school exemption on top of the $140,000.4Texas Comptroller of Public Accounts. Property Tax Exemptions They also get a school tax ceiling: the dollar amount of school tax owed in the first qualifying year is frozen. Rising appraisals after that point do not raise the school tax, unless you add improvements to the home.5State of Texas. Texas Tax Code TAX – Limitation of School Tax on Homesteads of Elderly or Disabled
Disabled Veteran Exemptions
Veterans with a service-connected disability receive a partial exemption tied to their VA rating:6State of Texas. Texas Tax Code TAX – Disabled Veterans
- 10% to 29%: $5,000 off assessed value
- 30% to 49%: $7,500 off assessed value
- 50% to 69%: $10,000 off assessed value
- 70% or higher: $12,000 off assessed value
Veterans rated 100 percent, or determined individually unemployable by the VA, qualify for a complete exemption on their homestead. Zero property tax from any of the three entities. That exemption can also transfer to a surviving spouse who has not remarried and still lives in the home.4Texas Comptroller of Public Accounts. Property Tax Exemptions
Applying
File Form 50-114 with Hood CAD before May 1 of the year you want the exemption to start. You apply once and it carries forward. File a fresh application if you turn 65 or receive a new disability rating so the additional benefits attach.4Texas Comptroller of Public Accounts. Property Tax Exemptions
The 10% Homestead Cap
If you have a homestead exemption, state law caps how fast the appraised value can grow. The appraisal district cannot raise your homestead’s appraised value by more than 10 percent a year, plus the value of any new construction.7State of Texas. Texas Tax Code TAX – Limitation on Appraised Value of Residence Homestead The cap applies regardless of how much the market value moved. In a fast market, this can leave a real gap between what the tax rolls say your home is worth and what it would actually sell for.
Protesting Your Appraisal
If the Notice of Appraised Value that arrives in the spring looks too high, protest it. This is the most direct way to lower your bill without waiting for exemptions to change.
File a written protest by May 15, or within 30 days of the date your notice was mailed, whichever is later.8State of Texas. Texas Tax Code TAX 41.44 – Notice of Protest Miss it and you cannot challenge the value that year.
Most protests settle at an informal meeting with a Hood CAD appraiser before ever reaching a formal hearing. Bring evidence: recent comparable sales, photos of damage or deferred maintenance, repair estimates, or a closing statement showing you paid less than the appraised value.9Texas Comptroller of Public Accounts. Appraisal Protests and Appeals If the informal review does not resolve it, the case moves to the Appraisal Review Board, a panel of local citizens independent of the appraisal district. The ARB cannot raise your value above what the district proposed, so there is no downside risk in showing up.
Paying the Bill
The Hood County Tax Assessor-Collector no longer accepts property tax payments. All three entities’ taxes now go through Hood Central Appraisal District at 1902 West Pearl Street in Granbury.10Hood County, Texas. Tax Assessor Collector
You can pay online or in person. Credit and debit card payments carry a fee of $2.50 on amounts up to $100 or 2.5 percent on larger amounts. Electronic check fees are tiered by payment size.11Hood Central Appraisal District. Credit Card Payment Information Phone payments are not accepted. Allow three to five business days for electronic payments to post.
Taxes are due when the bill arrives and become delinquent if not paid before February 1 of the following year.12State of Texas. Texas Tax Code TAX 31.02 – Delinquency Date The working deadline everyone uses is January 31.
Penalties and Interest If You Are Late
There is no grace period. The moment February 1 hits, penalties and interest begin, and they escalate month by month:13State of Texas. Texas Tax Code TAX 33.01 – Penalties and Interest
- February: 6 percent penalty plus 1 percent interest
- March through June: an additional 1 percent penalty and 1 percent interest each month
- July 1: the penalty jumps to 12 percent, and an additional collection penalty may apply
Interest keeps accruing at 1 percent a month until the balance is paid, even after a court judgment. On a $4,000 bill, waiting until July costs roughly $520 in penalties before interest. The taxing entities can eventually sue and force a sale to collect.
Installment Plans and Deferrals for Over-65 and Disabled Owners
Two provisions give older and disabled homeowners more room than the school tax ceiling alone.
If you are 65 or older, disabled, or a disabled veteran with a homestead exemption, you can split the payment into four equal installments with no penalty or interest. Pay the first quarter before February 1 and tell the collecting office you are using the plan. The next three are due before April 1, June 1, and August 1.14State of Texas. Texas Tax Code TAX 31.031 Miss an installment and only that unpaid portion becomes delinquent.
You can also defer collection entirely by filing an affidavit with the appraisal district. While the deferral is active, the taxing entities cannot pursue delinquent collection or foreclose. Interest accrues at 5 percent a year on the deferred amount, and a tax lien stays on the property. When the deferral ends (typically when the homeowner moves, sells, or dies), all deferred taxes plus interest come due within 181 days.15State of Texas. Texas Tax Code TAX 33.06
A Note on Business Property
The rates and exemptions above cover real estate. If you own a business in Granbury, your equipment, inventory, furniture, and vehicles are taxed separately. Texas requires an annual rendition of tangible business property owned as of January 1, filed by April 15. Failing to file triggers a 10 percent penalty on the tax bill. For the 2026 tax year, businesses with personal property valued at $125,000 or less per location may qualify for an exemption, but the rendition still has to be filed to claim it.