Falls City, Texas Property Taxes
The median property tax rate in Falls City, TX is 0.66%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Falls City at $456,030, the typical annual property tax bill reaches $2,228, which is below the national median of $2,690. Property taxes in Falls City 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 Falls City'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 Falls City 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
Falls City, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$3,010
$2,785
Ownwell’s Falls City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Falls City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Falls City 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 Falls City, Texas
Property taxes in Falls City, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Falls City is 0.66%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Falls City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Falls City 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 Falls City's effective property tax rate to other counties in Texas and the national median. For comparison, the 78113 zip code has the median property tax rate of 0.66%. Understanding how these cities compare with Falls City provides valuable insights into the varying tax landscape across Atascosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Falls City Tax Rate
0.66%
Average Atascosa County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Falls City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78113 | 0.15% | 0.25% | 0.66% | 1.39% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Falls City, Texas
In Falls City, 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 Atascosa 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 Falls City, 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 25th percentile tax bill is $1,695, while the 75th percentile tax bill is $3,896, and the 90th percentile tax bill is $5,567. The highest and lowest median tax bills are both $2,228 in the 78113 zip code. 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 Falls City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Falls City Assessed Value
$456,030
Average Atascosa County Assessed Value
$120,550
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Falls City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78113 | $107,395 | $217,618 | $456,030 | $959,658 | $1,533,020 |
Source: Ownwell
Property Tax Bills Across Falls City, Texas
In Falls City, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $456,030, homeowners in Falls City can expect their property tax bill to vary significantly. The tax bill at the 25th percentile is around $1,695, while at the 75th percentile, it's approximately $3,896. For those at the 90th percentile, the tax bill can reach as high as $5,567. These figures illustrate the range of property tax burdens homeowners might face, depending on their property's assessed value and the applicable tax rate. Comparing this to the national median property tax rate of 0.99%, Falls City's property tax rates and bills can be seen as a significant factor affecting homeowners' annual expenses. Understanding these calculations helps homeowners budget effectively and anticipate their financial obligations.
Average Falls City Tax Bill
$2,228
Average Atascosa County Tax Bill
$1,803
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Falls City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78113 | $1,253 | $1,695 | $2,228 | $3,896 | $5,567 |
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 | |
|---|---|
| Atascosa Appraisal District | |
| Website | propaccess.trueautomation.com |