Fentress, Texas Property Taxes
The median property tax rate in Fentress, TX is 1.11%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Fentress, the typical annual property tax bill reaches $1,554, which is below the national median of $2,690. Property taxes in Fentress are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fentress'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 Fentress 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
Fentress, 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 Fentress Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Fentress with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Fentress to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, you can find more localized information by scrolling down. 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 Fentress, Texas
Property taxes in Fentress, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fentress is 1.11%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Fentress set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fentress 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 Fentress's effective property tax rate to other counties in Texas and the national median. For comparison, the 78622 zip code has the highest median property tax rate of 1.11%, while the 78622 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Fentress provides valuable insights into the varying tax landscape across Caldwell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fentress Tax Rate
1.11%
Average Caldwell County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fentress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78622 | 0.43% | 0.83% | 1.11% | 1.42% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Fentress, Texas
In Fentress, 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 Caldwell 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 Fentress helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills are both in the zip code 78622, valued at $1,554.
Average Fentress Assessed Value
$140,720
Average Caldwell County Assessed Value
$238,560
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fentress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78622 | $23,592 | $59,842 | $140,720 | $285,730 | $491,101 |
Source: Ownwell
Property Tax Bills Across Fentress, Texas
In Fentress, located in Caldwell County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $140,720, the tax bill can vary significantly. Homeowners in the 25th percentile of tax bills pay around $568, while those in the 75th percentile face tax bills up to $3,070. At the higher end, in the 90th percentile, tax bills can reach $5,297. These figures are influenced by various factors, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the tax rates in Fentress can lead to a wide range of tax bills, affecting homeowners differently based on their property's assessed value. The highest median tax bill recorded in the area is $1,554, which is notably concentrated in the zip code 78622.
Average Fentress Tax Bill
$1,554
Average Caldwell County Tax Bill
$2,989
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fentress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78622 | $165 | $568 | $1,554 | $3,070 | $5,297 |
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 | |
|---|---|
| Caldwell Appraisal District | |
| Website | esearch.caldwellcad.org |