West Point, Texas Property Taxes
The median property tax rate in West Point, TX is 1.04%, slightly above the national median of 0.99% but below the Texas state median of 1.67%. With the median home value in West Point at $263,830, the typical annual property tax bill amounts to $1,683, which is lower than the national median of $2,690. Property taxes in West Point are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding West Point'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 West Point 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
West Point, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$2,744
$2,539
Ownwell’s West Point Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in West Point with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in West Point to estimate your property tax bill. This valuable tool offers insight into potential tax liabilities, helping you make informed decisions. For those interested in neighborhood-level trends, additional localized information is available as you scroll down. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across West Point, Texas
Property taxes in West Point, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Point is 1.04%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within West Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Point 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 West Point's effective property tax rate to other counties in Texas and the national median. For comparison, the 78963 zip code has the highest median property tax rate of 1.04%, while the 78963 zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with West Point provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average West Point Tax Rate
1.04%
Average Fayette County Tax Rate
1.14%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Point, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78963 | 0.19% | 0.45% | 1.04% | 1.24% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across West Point, Texas
In West Point, 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 Fayette 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. Assessment notices in West Point 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 West Point helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $1,683, located in the 78963 zip code.
Average West Point Assessed Value
$263,830
Average Fayette County Assessed Value
$251,650
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across West Point, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78963 | $30,536 | $75,985 | $263,830 | $540,430 | $1,029,520 |
Source: Ownwell
Property Tax Bills Across West Point, Texas
In West Point, TX, property tax bills are calculated based on the assessed value of a property, which is determined by the Fayette County Appraisal District. This assessed value is then multiplied by the property tax rate set by local taxing authorities. The median home price in West Point is $263,830, and the property tax rate in this area significantly influences the final tax bill. Homeowners in West Point can expect their annual property tax bills to vary widely. For instance, those in the 25th percentile might pay around $736, while those in the 75th percentile could see bills as high as $3,229. The top 10% of property tax bills can reach up to $4,825. These figures show a considerable range, reflecting the diverse property values and tax rates within the region. This variability in property tax bills can have a significant impact on homeowners, affecting their annual budgets and long-term financial planning. Compared to the national median property tax rate of 0.99%, West Point's rates can lead to higher or lower tax obligations depending on the specific assessed value and applicable rates.
Average West Point Tax Bill
$1,683
Average Fayette County Tax Bill
$2,303
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across West Point, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78963 | $258 | $736 | $1,683 | $3,229 | $4,825 |
Source: 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 | |
|---|---|
| Fayette Appraisal District | |
| Website | esearch.fayettecad.org |