Flatonia, Texas Property Taxes
The median property tax rate in Flatonia, TX is 0.79%, which is notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Flatonia at $381,974, the typical annual property tax bill amounts to $2,030, falling below the national median of $2,690. Property taxes in Flatonia are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Flatonia's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether in the heart of Flatonia or another part of the city, gaining insight into the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Flatonia, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$3,018
$2,792
Ownwell’s Flatonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Flatonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flatonia 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 Flatonia, Texas
Property taxes in Flatonia, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Flatonia is 0.79%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Flatonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Flatonia 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 Flatonia's effective property tax rate to other counties in Texas and the national median. For comparison, the 78941 zip code has the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these cities compare with Flatonia provides valuable insights into the varying tax landscape across Lavaca County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Flatonia Tax Rate
0.79%
Average Lavaca County Tax Rate
1.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flatonia, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78941 | 0.21% | 0.39% | 0.79% | 0.97% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Flatonia, Texas
In Flatonia, 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 Lavaca 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 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 Flatonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Flatonia are both $2,030, found in the 78941 zip code.
Average Flatonia Assessed Value
$381,974
Average Lavaca County Assessed Value
$161,748
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Flatonia, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78941 | $69,157 | $223,691 | $381,974 | $461,301 | $592,122 |
Source: Ownwell
Property Tax Bills Across Flatonia, Texas
In Flatonia, Texas, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. The assessed value is a percentage of the market value of the property, which is then multiplied by the local tax rate to determine the tax bill. For homeowners in Flatonia, the median home price stands at $381,974. Property tax bills can vary significantly, with the 25th percentile paying around $1,015 and the 75th percentile facing bills up to $2,870. At the 90th percentile, tax bills can reach as high as $4,684. These property taxes are crucial for funding public services such as education, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, the tax rates in Flatonia reflect the local government's funding needs and priorities. Homeowners should be aware of these factors as they can significantly impact the affordability and overall cost of homeownership in the area.
Average Flatonia Tax Bill
$2,030
Average Lavaca County Tax Bill
$2,167
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Flatonia, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78941 | $716 | $1,015 | $2,030 | $2,870 | $4,684 |
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 | |
|---|---|
| Lavaca Appraisal District | |
| Website | propaccess.trueautomation.com |