Frankston, Texas Property Taxes
The median property tax rate in Frankston, TX is 1.47%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Frankston at $149,665, the typical annual property tax bill amounts to $2,050, which is below the national median of $2,690. Property taxes in Frankston are calculated based on the tax assessed value, typically lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Frankston'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 Frankston or another part of Anderson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Frankston, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$2,200
$2,036
Ownwell’s Frankston Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Frankston with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Frankston to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by Anderson County for property tax calculations, accounting for any applicable exemptions.
Property Tax Rates Across Frankston, Texas
Property taxes in Frankston, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Frankston is 1.47%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Frankston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Frankston 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 Frankston's effective property tax rate to other counties in Texas and the national median. For comparison, the 75763 zip code has the highest median property tax rate of 1.47%, while the same zip code also has the lowest median tax rate of 1.47%. Understanding how these cities compare with Frankston provides valuable insights into the varying tax landscape across Anderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Frankston Tax Rate
1.47%
Average Anderson County Tax Rate
1.48%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Frankston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75763 | 0.66% | 1.07% | 1.47% | 1.71% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Frankston, Texas
In Frankston, 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 Anderson 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 Frankston, 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 Frankston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 75763 in Frankston has the highest and lowest median tax bill, both recorded at $2,050. The median home price in this area is $149,665, with tax bills ranging from the 25th percentile at $702 to the 90th percentile at $5,133.
Average Frankston Assessed Value
$149,665
Average Anderson County Assessed Value
$116,310
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Frankston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75763 | $14,353 | $50,913 | $149,665 | $295,766 | $449,271 |
Source: Ownwell
Property Tax Bills Across Frankston, Texas
In Frankston, Anderson County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of your property. Once the assessed value is established, the local tax rate is applied to calculate your tax bill. For example, with a median home price of $149,665, homeowners in Frankston can expect varying tax bills. The 25th percentile tax bill is approximately $702, while the 75th percentile tax bill can reach up to $3,490. The highest tax bills, in the 90th percentile, can go as high as $5,133. These tax bills can significantly impact homeowners, influencing their overall housing costs. Compared to the national median property tax rate of 0.99%, homeowners in Frankston may find their tax obligations relatively moderate or higher, depending on their specific property values and tax rates. Understanding these factors can help homeowners better prepare for their annual tax responsibilities.
Average Frankston Tax Bill
$2,050
Average Anderson County Tax Bill
$1,775
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Frankston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75763 | $176 | $702 | $2,050 | $3,490 | $5,133 |
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 | |
|---|---|
| Anderson Appraisal District | |
| Website | search.andersoncad.net |