Florence, Texas Property Taxes
The median property tax rate in Florence, TX is 0.84%, which is considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Florence at $411,016, the typical annual property tax bill reaches $3,210, surpassing 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
0.84%
Estimate Property Tax Bill
$3,453
$3,194
$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, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Florence is 0.84%, lower than both the Texas state median of 1.81% 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 76527 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these cities compare with Florence provides valuable insights into the varying tax landscape across Burnet County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Florence Tax Rate
0.84%
Average Burnet County Tax Rate
1.20%
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 | 0.36% | 0.63% | 0.84% | 1.09% | 1.36% |
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 Burnet 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. Florence's median home price is $411,016, and tax bills vary significantly. For instance, the 25th percentile tax bill is $802, while the 75th percentile reaches $5,466. The highest median tax bill, found in the 76527 zip code, is $3,210. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Florence Assessed Value
$411,016
Average Burnet County Assessed Value
$355,573
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 | $30,506 | $78,738 | $411,016 | $645,916 | $941,084 |
Source: Ownwell
$1,148
Average Florence Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Florence, Texas
Property tax bills in Florence, located in Burnet County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district, which estimates the market value of the property. In Florence, homeowners can face a significant range in property tax bills, with the 25th percentile at $802 and the 90th percentile reaching up to $6,693. These taxes can be a substantial burden, especially considering the national median property tax rate is 0.99%. Several factors influence the tax bill, including property size, location, and any improvements made. Higher-valued homes naturally incur higher taxes, which can impact homeowners' finances. Ownwell can help homeowners in Florence save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing the assessed value and identifying any discrepancies, Ownwell ensures that homeowners are not overpaying. This service can lead to significant savings, offering financial relief and peace of mind.
Average Florence Tax Bill
$3,210
Average Burnet County Tax Bill
$4,017
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 | $268 | $802 | $3,210 | $5,466 | $6,693 |
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 | |
|---|---|
| Burnet Appraisal District | |
| Website | esearch.burnet-cad.org |
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