Fowlerton, Texas Property Taxes
The median property tax rate in Fowlerton, TX is 0.41%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $23,030, the typical annual property tax bill in Fowlerton is $137, well below the national median of $2,690. Property taxes in Fowlerton 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 Fowlerton'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 Fowlerton or another part of La Salle County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fowlerton, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Fowlerton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fowlerton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fowlerton to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Fowlerton, Texas
Property taxes in Fowlerton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fowlerton is 0.41%, significantly lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Fowlerton set these rates annually, and they can vary across different neighborhoods. Each year, Fowlerton 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 Fowlerton's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 78021 has both the highest and lowest median property tax rate in the area at 0.41%. Understanding how these cities compare with Fowlerton provides valuable insights into the varying tax landscape across La Salle County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fowlerton Tax Rate
0.41%
Average La Salle County Tax Rate
2.08%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fowlerton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78021 | 0.41% | 0.41% | 0.41% | 1.37% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Fowlerton, Texas
In Fowlerton, 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 La Salle 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 Fowlerton, 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. The median home price is $23,030, with tax bills ranging significantly. Notably, the highest and lowest median tax bills are both $137 in zip code 78021. Being aware of these valuation processes in Fowlerton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fowlerton Assessed Value
$23,030
Average La Salle County Assessed Value
$28,385
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fowlerton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78021 | $7,280 | $10,210 | $23,030 | $36,770 | $76,760 |
Source: Ownwell
Property Tax Bills Across Fowlerton, Texas
In Fowlerton, property tax bills are calculated based on the assessed value of a home, which is determined by the La Salle County appraisal district. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, the median home price in Fowlerton is $23,030. With property tax rates varying, homeowners can expect their tax bills to differ significantly. The 25th percentile tax bill is around $80, while the 75th percentile reaches $634, and the 90th percentile can be as high as $1,547. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Fowlerton's tax bills highlight the variability within the region. Homeowners in Fowlerton need to be aware of these factors as they directly impact their annual expenses and overall financial planning. Understanding these elements can help homeowners anticipate and manage their property tax obligations more effectively.
Average Fowlerton Tax Bill
$137
Average La Salle County Tax Bill
$486
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fowlerton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78021 | $32 | $80 | $137 | $634 | $1,547 |
Source: Ownwell