Fritch, Texas Property Taxes
The median property tax rate in Fritch, TX is 0.77%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $20,075 in Fritch, the typical annual property tax bill is $138, far below the national median of $2,690. Property taxes in Fritch are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Fritch'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 Fritch 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
Fritch, 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 Fritch Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fritch with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fritch 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 Fritch, Texas
Property taxes in Fritch, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fritch is 0.77%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Fritch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fritch 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 Fritch's effective property tax rate to other counties in Texas and the national median. For comparison, the 79036 zip code has the highest median property tax rate of 0.77%, while the 79036 zip code also has the lowest median tax rate of 0.77%. Understanding how these cities compare with Fritch provides valuable insights into the varying tax landscape across Moore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fritch Tax Rate
0.77%
Average Moore County Tax Rate
1.99%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fritch, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79036 | 0.21% | 0.50% | 0.77% | 0.77% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Fritch, Texas
In Fritch, 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 Moore 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 Fritch, 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. For instance, the median home price in Fritch is $20,075, with tax bills ranging from $21 at the 25th percentile to $1,037 at the 90th percentile. The zip code 79036 has both the highest and lowest median tax bill, each at $138. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fritch Assessed Value
$20,075
Average Moore County Assessed Value
$109,905
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fritch, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79036 | $1,500 | $3,225 | $20,075 | $133,935 | $232,845 |
Source: Ownwell
Property Tax Bills Across Fritch, Texas
In Fritch, located in Moore County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in Fritch can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is $21, while the 75th percentile tax bill climbs to $441. At the 90th percentile, it can reach up to $1,037. These variations depend on factors such as property size, location, and improvements. The median home price in Fritch is $20,075, which is substantially lower than the national median. Consequently, even though the property tax rate may seem low compared to the national median property tax rate of 0.99%, the impact on homeowners can still be significant, especially for those with higher-value properties. Understanding these factors can help homeowners anticipate and manage their annual property tax obligations effectively.
Average Fritch Tax Bill
$138
Average Moore County Tax Bill
$1,748
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fritch, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79036 | $11 | $21 | $138 | $441 | $1,037 |
Source: Ownwell