Fairview, Texas Property Taxes
The median property tax rate in Fairview, TX is 1.53%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Fairview at $616,611, the typical annual property tax bill reaches $9,480, far exceeding the national median of $2,690. Property taxes in Fairview are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fairview's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Fairview or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fairview, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$9,434
$8,729
$1,148
Average Fairview, Texas Tax Savings
Ownwell’s Fairview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fairview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fairview to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Fairview. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Fairview, Texas
Property taxes in Fairview, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fairview is 1.53%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Fairview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fairview estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Fairview's effective property tax rate to other counties in Texas and the national median. For comparison, the 75069 zip code has the highest median property tax rate of 1.53%, while the 75069 zip code has the lowest median tax rate of 1.53%. Understanding how these cities compare with Fairview provides valuable insights into the varying tax landscape across Collin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fairview Tax Rate
1.53%
Average Collin County Tax Rate
1.60%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fairview, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75069 | 1.30% | 1.41% | 1.53% | 1.67% | 1.80% |
Source: Ownwell
$1,148
Average Fairview Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Fairview, Texas
In Fairview, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Collin County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Fairview, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Fairview helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Fairview is 75069, with a median tax bill of $9,480.
Average Fairview Assessed Value
$616,611
Average Collin County Assessed Value
$477,029
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fairview, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75069 | $388,606 | $483,722 | $616,611 | $1,055,424 | $1,524,836 |
Source: Ownwell
$1,148
Average Fairview Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Fairview, Texas
In Fairview, Collin County, TX, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the county appraisal district and is based on the market value of the property. Factors such as property size, location, and improvements can influence this value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Fairview, the median home price stands at $616,611. The property tax bills can vary significantly, with the 25th percentile at $7,414 and the 75th percentile reaching $14,735. Some homeowners even face tax bills as high as $22,754. These figures are notably higher than the national median property tax rate of 0.99%. Ownwell can assist homeowners in Fairview by offering professional property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially lower their assessed values and, consequently, their tax bills. This can result in substantial annual savings and provide financial relief to property owners.
Average Fairview Tax Bill
$9,480
Average Collin County Tax Bill
$7,555
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fairview, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75069 | $6,027 | $7,414 | $9,480 | $14,735 | $22,754 |
Source: Ownwell
$1,148
Average Fairview Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Collin Appraisal District | |
| Phone | (469) 742-9200 |
| Website | esearch.collincad.org |
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