Falcon Heights, Texas Property Taxes
The median property tax rate in Falcon Heights, TX is 0.73%, which is notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $49,245 in Falcon Heights, the typical annual property tax bill amounts to $331, significantly below the national median of $2,690. Property taxes in Falcon Heights are determined based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Falcon Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Falcon Heights or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Falcon Heights, 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 Falcon Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Falcon Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Falcon Heights 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 Falcon Heights, Texas
Property taxes in Falcon Heights, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Falcon Heights is 1.27%, higher than both the Texas state median of 1.6% and the U.S. national median of 0.99%. Local government entities within Falcon Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Falcon Heights 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 Falcon Heights' effective property tax rate to other counties in Texas and the national median. For comparison, the 78545 zip code has the highest median property tax rate of 1.27%, while the 78545 zip code has the lowest median tax rate of 1.27%. Understanding how these cities compare with Falcon Heights provides valuable insights into the varying tax landscape across Starr County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Falcon Heights Tax Rate
0.73%
Average Starr County Tax Rate
0.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Falcon Heights, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78545 | 0.27% | 0.54% | 0.73% | 0.92% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Falcon Heights, Texas
In Falcon Heights, 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 Starr 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 Falcon Heights, 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 Falcon Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $331 in zip code 78545, while the lowest median tax bill is also $331 in the same zip code.
Average Falcon Heights Assessed Value
$49,245
Average Starr County Assessed Value
$59,860
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Falcon Heights, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78545 | $14,473 | $32,632 | $49,245 | $74,680 | $106,562 |
Source: Ownwell
Property Tax Bills Across Falcon Heights, Texas
In Falcon Heights, located in Starr County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Falcon Heights is $49,245. Property taxes are determined by multiplying the assessed value of the property by the local tax rate, which varies depending on the specific location within the county. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Falcon Heights can expect a range of tax bills: the 25th percentile tax bill is $161, the 75th percentile tax bill is $527, and the 90th percentile tax bill reaches $792. The highest median tax bill within the region is $331, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding how property tax bills are calculated helps homeowners in Falcon Heights plan their finances more effectively.
Average Falcon Heights Tax Bill
$331
Average Starr County Tax Bill
$430
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Falcon Heights, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78545 | $87 | $161 | $331 | $527 | $792 |
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 | |
|---|---|
| Starr Appraisal District | |
| Website | propaccess.trueautomation.com |