Fair Oaks Ranch, Texas Property Taxes
The median property tax rate in Fair Oaks Ranch, TX is 1.42%, which is 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 $605,341, the typical annual property tax bill reaches $8,791, far 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
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$8,596
$7,977
$1,148
Average 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 1.42%, 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 1.42%, while the same ZIP code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Fair Oaks Ranch provides valuable insights into the varying tax landscape across Comal County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fair Oaks Ranch Tax Rate
1.42%
Average Comal County Tax Rate
1.46%
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 | 1.37% | 1.39% | 1.42% | 1.57% | 1.57% |
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 Comal 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 both the highest and lowest median tax bills at $8,791.
Average Fair Oaks Ranch Assessed Value
$605,341
Average Comal County Assessed Value
$414,440
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 | $464,181 | $554,692 | $605,341 | $659,028 | $698,395 |
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 Comal County, TX, property tax bills are calculated based on the assessed value of a home. The median home price in Fair Oaks Ranch is $605,341. Property taxes are determined by multiplying the assessed value by the local tax rate. For example, homeowners in the 25th percentile can expect a tax bill around $8,157, while those in the 75th percentile may see bills closer to $9,404. The highest median tax bill in the area is $8,791, found in the 78015 zip code. These tax bills can significantly impact homeowners, making it essential to ensure that assessments are accurate. Ownwell specializes in property tax appeals and exemption services, helping homeowners potentially reduce their tax burdens. By analyzing property assessments and market conditions, Ownwell identifies discrepancies and advocates for fairer tax rates, potentially saving homeowners substantial amounts on their property tax bills. This expertise can be invaluable in managing and reducing annual property tax expenses.
Average Fair Oaks Ranch Tax Bill
$8,791
Average Comal County Tax Bill
$5,871
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 | $7,061 | $8,157 | $8,791 | $9,404 | $10,069 |
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 | |
|---|---|
| Comal Appraisal District | |
| Website | esearch.comalad.org |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.