Falls City, Texas Property Taxes
The median property tax rate in Falls City, TX is 1.37%, slightly higher than the national median of 0.99% but below the Texas state median of 1.67%. With the median home value in Falls City, the typical annual property tax bill reaches $1,760, which is lower than 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
1.37%
Estimate Property Tax Bill
$1,692
$1,565
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 Wilson 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 1.37%, higher 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 highest median property tax rate of 1.37%, while also having the lowest median tax rate of 1.37%. Understanding how these cities compare with Falls City provides valuable insights into the varying tax landscape across Wilson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Falls City Tax Rate
1.37%
Average Wilson County Tax Rate
1.61%
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 | 0.87% | 1.08% | 1.37% | 1.67% | 1.73% |
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 Wilson 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. 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. The zip code 78113 has both the highest and lowest median tax bills at $1,760.
Average Falls City Assessed Value
$123,500
Average Wilson County Assessed Value
$215,505
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 | $23,708 | $59,245 | $123,500 | $264,140 | $480,056 |
Source: Ownwell
Property Tax Bills Across Falls City, Texas
In Falls City, property tax bills are calculated based on the assessed value of your home and the local tax rate set by Wilson County. The median home price in the area is $123,500, and the tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, which is periodically updated to reflect market conditions. For homeowners, this means that their tax bill can vary significantly. For example, the tax bill at the 25th percentile is $784, while at the 75th percentile, it rises to $3,506, and at the 90th percentile, it can reach up to $4,590. These variations highlight how different property values and assessments can impact the amount homeowners owe. Compared to the national median property tax rate of 0.99%, Falls City's rate and resulting tax bills can be a significant financial consideration for residents.
Average Falls City Tax Bill
$1,760
Average Wilson County Tax Bill
$3,078
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 | $384 | $784 | $1,760 | $3,506 | $4,590 |
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 | |
|---|---|
| Wilson Appraisal District | |
| Website | propaccess.trueautomation.com |