Fredericksburg, Texas Property Taxes
The median property tax rate in Fredericksburg, TX is 0.94%, slightly lower than the national median of 0.99% and significantly below the Texas state median of 1.67%. With a median home value of $878,796 in Fredericksburg, the typical annual property tax bill is $7,753, which is considerably higher than the national median of $2,690. Property taxes in Fredericksburg are determined based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. By understanding Fredericksburg's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're in the heart of Fredericksburg or another part of the city, comprehending the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Fredericksburg, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$8,261
$7,643
Ownwell’s Fredericksburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fredericksburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fredericksburg 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 Fredericksburg, Texas
Property taxes in Fredericksburg, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fredericksburg is 1.42%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Fredericksburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fredericksburg 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 Fredericksburg's effective property tax rate to other counties in Texas and the national median. For comparison, the 78624 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Fredericksburg provides valuable insights into the varying tax landscape across Gillespie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fredericksburg Tax Rate
0.94%
Average Kerr County Tax Rate
1.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fredericksburg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78624 | 0.39% | 0.57% | 0.94% | 1.04% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Fredericksburg, Texas
In Fredericksburg, 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 Kerr 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 Fredericksburg, 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 Fredericksburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Fredericksburg is $878,796, with tax bills ranging from $5,326 at the 25th percentile to $16,623 at the 90th percentile. The highest and lowest median tax bills are both $7,753 in the 78624 zip code.
Average Fredericksburg Assessed Value
$878,796
Average Kerr County Assessed Value
$241,957
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fredericksburg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78624 | $433,012 | $603,487 | $878,796 | $1,274,173 | $1,658,909 |
Source: Ownwell
Property Tax Bills Across Fredericksburg, Texas
Property tax bills in Fredericksburg, Kerr County, TX, are determined by a combination of the property's assessed value and the local tax rate. The assessed value is an estimate of the property's market value, which is periodically evaluated by the county appraisal district. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. In Fredericksburg, homeowners face a range of property tax bills. For example, the tax bill at the 25th percentile is $5,326, while at the 75th percentile, it climbs to $11,847. At the 90th percentile, it reaches $16,623. The median home price in the area is $878,796, which significantly influences the overall tax amount. Compared to the national median property tax rate of 0.99%, the tax bills in Fredericksburg reflect the local economic conditions and property values, impacting homeowners' annual expenses. This system ensures that property taxes are proportionate to the value of the property, providing essential funding for local services and infrastructure.
Average Fredericksburg Tax Bill
$7,753
Average Kerr County Tax Bill
$2,815
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fredericksburg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78624 | $1,657 | $5,326 | $7,753 | $11,847 | $16,623 |
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 | |
|---|---|
| Kerr Appraisal District | |
| Website | esearch.kerrcad.org |