Florence, Texas Property Taxes
The median property tax rate in Florence, TX is 1.53%, which is considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Florence at $263,932, the typical annual property tax bill reaches $3,731, exceeding the national median of $2,690. Property taxes in Florence 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 Florence'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 Florence 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
Florence, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$4,038
$3,736
$1,148
Average Florence, Texas Tax Savings
Ownwell’s Florence Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Florence with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Florence 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 Florence. 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 Florence, Texas
Property taxes in Florence, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Florence is 1.53%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Florence set these rates annually, and they can vary significantly across different neighborhoods. Each year, Florence 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 Florence's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 76527 has the highest median property tax rate of 1.53%, while the same zip code also has the lowest median tax rate of 1.53%. Understanding how these cities compare with Florence provides valuable insights into the varying tax landscape across Williamson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Florence Tax Rate
1.53%
Average Williamson County Tax Rate
1.78%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Florence, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76527 | 0.46% | 0.85% | 1.53% | 2.03% | 2.61% |
Source: Ownwell
$1,148
Average Florence Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Florence, Texas
In Florence, 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 Williamson 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 Florence, 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 example, the median home price is $263,932, and tax bills can vary significantly. The 25th percentile tax bill is $1,852, while the 75th percentile reaches $6,066, and the 90th percentile is as high as $9,119. The highest and lowest median tax bills are both $3,731, found in zip code 76527. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Florence Assessed Value
$263,932
Average Williamson County Assessed Value
$413,321
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Florence, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76527 | $66,097 | $141,315 | $263,932 | $504,764 | $802,697 |
Source: Ownwell
$1,148
Average Florence Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Florence, Texas
In Florence, Williamson County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. For example, with a median home price of $263,932, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. The tax bill can range from $1,852 at the 25th percentile to as high as $9,119 at the 90th percentile, with the median tax bill being $3,731 in the 76527 zip code. Several factors influence these tax bills, including the market value of the property, local tax rates, and any applicable exemptions or deductions. High property taxes can significantly impact homeowners, increasing their annual financial burden. Ownwell can help homeowners in Florence save on their property tax bills by providing expert property tax appeal and exemption services. By ensuring that properties are accurately assessed and identifying potential exemptions, Ownwell helps reduce the overall tax burden, providing substantial savings for homeowners.
Average Florence Tax Bill
$3,731
Average Williamson County Tax Bill
$7,929
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Florence, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76527 | $679 | $1,852 | $3,731 | $6,066 | $9,119 |
Source: Ownwell
$1,148
Average Florence 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 | |
|---|---|
| Williamson Appraisal District | |
| Phone | (512) 930-3787 |
| Website | search.wcad.org |
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