Fair Oaks Ranch, Texas Property Taxes
The median property tax rate in Fair Oaks Ranch, TX is 1.72%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Fair Oaks Ranch at $647,120, the typical annual property tax bill reaches $11,592, exceeding the national median of $2,690. Property taxes in Fair Oaks Ranch 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 Fair Oaks Ranch'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 Fair Oaks Ranch 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
Fair Oaks Ranch, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Fair Oaks Ranch, Texas Tax Savings
Ownwell’s Fair Oaks Ranch Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fair Oaks Ranch with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fair Oaks Ranch to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Fair Oaks Ranch. 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 Fair Oaks Ranch, Texas
Property taxes in Fair Oaks Ranch, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fair Oaks Ranch is 1.72%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Fair Oaks Ranch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fair Oaks Ranch 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 Fair Oaks Ranch's effective property tax rate to other counties in Texas and the national median. For comparison, the 78015 zip code has the highest median property tax rate of 1.72%, while the 78015 zip code also has the lowest median tax rate of 1.72%. Understanding how these cities compare with Fair Oaks Ranch provides valuable insights into the varying tax landscape across Bexar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fair Oaks Ranch Tax Rate
1.72%
Average Bexar County Tax Rate
2.03%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fair Oaks Ranch, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78015 | 1.53% | 1.65% | 1.72% | 2.04% | 2.04% |
Source: Ownwell
$1,148
Average Fair Oaks Ranch Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Fair Oaks Ranch, Texas
In Fair Oaks Ranch, 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 Bexar 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 Fair Oaks Ranch, 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 Fair Oaks Ranch helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 78015 has the highest and lowest median tax bill at $11,592.
Property Tax Assessment Values Across Fair Oaks Ranch, Texas
Source: Ownwell
$1,940
$5,727,340
$11,452,740
Average Fair Oaks Ranch Assessed Value
$647,120
Average Bexar County Assessed Value
$265,000
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fair Oaks Ranch, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78015 | $498,730 | $562,970 | $647,120 | $764,380 | $921,060 |
Source: Ownwell
$1,148
Average Fair Oaks Ranch Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Fair Oaks Ranch, Texas
In Fair Oaks Ranch, located in Bexar County, TX, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the local appraisal district and may differ from the market value. Factors such as the size, location, and condition of your property play a significant role in determining the assessed value. With a median home price of $647,120, the property tax bills in Fair Oaks Ranch can vary significantly. For example, tax bills in the 25th percentile are around $10,341, while those in the 90th percentile can reach up to $15,652. Homeowners in Fair Oaks Ranch often find these tax bills burdensome. This is where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially lowering their tax bills. Our team of professionals reviews your property’s assessed value and identifies opportunities for reductions, helping you save significantly on your annual property taxes.
Average Fair Oaks Ranch Tax Bill
$11,592
Average Bexar County Tax Bill
$5,362
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fair Oaks Ranch, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78015 | $9,713 | $10,341 | $11,592 | $12,898 | $15,652 |
Source: Ownwell
$1,148
Average Fair Oaks Ranch Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Bexar Appraisal District | |
| Phone | (210) 335-2251 |
| Website | bexar.trueautomation.com |
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