Fayetteville, Texas Property Taxes
The median property tax rate in Fayetteville, TX is 0.81%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $380,913 in Fayetteville, the typical annual property tax bill is $2,576, falling below the national median of $2,690. Property taxes in Fayetteville are calculated based on the tax assessed value, which is generally lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Fayetteville'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 Fayetteville 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
Fayetteville, 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 Fayetteville Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Fayetteville, TX. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Fayetteville to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, making it easier to plan your finances. For those interested in more detailed information, including neighborhood-level trends, additional localized data is available. Remember, your property’s assessed value is determined by Austin County for tax purposes and takes into account any applicable exemptions.
Property Tax Rates Across Fayetteville, Texas
Property taxes in Fayetteville, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fayetteville is 0.81%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Fayetteville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fayetteville 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 Fayetteville's effective property tax rate to other counties in Texas and the national median. For comparison, the 78940 zip code has the highest median property tax rate of 0.81%, while the 78940 zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Fayetteville provides valuable insights into the varying tax landscape across Austin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fayetteville Tax Rate
0.81%
Average Austin County Tax Rate
1.51%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fayetteville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78940 | 0.12% | 0.29% | 0.81% | 1.55% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Fayetteville, Texas
In Fayetteville, 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 Austin 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 Fayetteville, 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 Fayetteville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Fayetteville are both $2576, with the zip code 78940.
Average Fayetteville Assessed Value
$380,913
Average Austin County Assessed Value
$237,942
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fayetteville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78940 | $29,868 | $143,598 | $380,913 | $850,885 | $1,290,936 |
Source: Ownwell
Property Tax Bills Across Fayetteville, Texas
In Fayetteville, located in Austin County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. The median home price in the area is $380,913. Homeowners can expect their tax bills to vary significantly, with the 25th percentile paying around $799, while those in the 75th percentile face bills as high as $4,510. The 90th percentile sees tax bills reaching up to $7,854. These variations are influenced by factors such as property location, improvements, and market conditions. Compared to the national median property tax rate of 0.99%, Fayetteville homeowners experience a range of tax obligations. The highest and lowest median tax bills in the region are both $2,576, found in the zip code 78940. This range in tax bills can significantly impact homeowners' finances, influencing decisions about home improvements, sales, and long-term investments. Understanding these factors is essential for effective financial planning and property management.
Average Fayetteville Tax Bill
$2,576
Average Austin County Tax Bill
$2,796
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fayetteville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78940 | $201 | $799 | $2,576 | $4,510 | $7,854 |
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 | |
|---|---|
| Austin Appraisal District | |
| Website | esearch.austincad.org |