Falfurrias, Texas Property Taxes
The median property tax rate in Falfurrias, TX is 1.71%, which is notably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Falfurrias at $35,442, the typical annual property tax bill amounts to $483, significantly lower than the national median of $2,690. Property taxes in Falfurrias are determined based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Falfurrias's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Falfurrias or another part of Brooks County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Falfurrias, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$606
$562
Ownwell’s Falfurrias Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Falfurrias with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Falfurrias 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 Falfurrias, Texas
Property taxes in Falfurrias, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Falfurrias is 1.71%, higher than both the Texas state median of 1.6% and the U.S. national median of 0.99%. Local government entities within Falfurrias set these rates annually, and they can vary significantly across different neighborhoods. Each year, Falfurrias 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 Falfurrias's effective property tax rate to other counties in Texas and the national median. For comparison, the 78355 zip code has the highest median property tax rate of 1.71%, while the 78355 zip code also has the lowest median tax rate of 1.71%. Understanding how these cities compare with Falfurrias provides valuable insights into the varying tax landscape across Brooks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Falfurrias Tax Rate
1.71%
Average Brooks County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Falfurrias, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78355 | 0.34% | 0.72% | 1.71% | 2.78% | 2.78% |
Source: Ownwell
Property Tax Assessment Values Across Falfurrias, Texas
In Falfurrias, 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 Brooks 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 Falfurrias, 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. Notably, the median home price in Falfurrias is $35,442, with tax bills ranging from the 25th percentile at $202 to the 90th percentile at $1,968. The zip code 78355 has the highest median tax bill at $483. Being aware of these valuation processes in Falfurrias helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Falfurrias Assessed Value
$35,442
Average Brooks County Assessed Value
$35,542
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Falfurrias, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78355 | $8,847 | $19,154 | $35,442 | $63,488 | $112,815 |
Source: Ownwell
Property Tax Bills Across Falfurrias, Texas
In Falfurrias, located in Brooks County, TX, property tax bills are determined based on the assessed value of a home. This assessed value is derived from the market value of the property, which is then multiplied by the local tax rate. For homeowners in Falfurrias, the median home price is $35,442. Given this value, the property tax bill can vary significantly. For instance, the tax bill at the 25th percentile is $202, while at the 75th percentile, it reaches $1,043. At the 90th percentile, homeowners might see tax bills as high as $1,968. The highest and lowest median tax bills in Falfurrias are both $483, indicating a consistent tax rate within the zip code 78355. These tax bills impact homeowners by influencing their annual financial planning and overall housing affordability. Compared to the national median property tax rate of 0.99%, Falfurrias offers a relatively manageable tax environment, making it an attractive option for property owners looking for lower tax burdens.
Average Falfurrias Tax Bill
$483
Average Brooks County Tax Bill
$477
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Falfurrias, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78355 | $76 | $202 | $483 | $1,043 | $1,968 |
Source: Ownwell