Falfurrias, Texas Property Taxes
The median property tax rate in Falfurrias, TX is 1.73%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Falfurrias, the typical annual property tax bill reaches $620, which is significantly lower than the national median of $2,690. Property taxes in Falfurrias are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Falfurrias' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Falfurrias 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
Falfurrias, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$744
$691
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 1.73%, higher than both the Texas state median 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 1.73%, while the same 78355 zip code has the lowest median tax rate of 1.73%. Understanding how these cities compare with Falfurrias provides valuable insights into the varying tax landscape across Jim Wells County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Falfurrias Tax Rate
1.73%
Average Duval County Tax Rate
2.33%
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 | 1.44% | 1.62% | 1.73% | 1.73% | 1.73% |
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 local 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. Being aware of these valuation processes in Falfurrias helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 78355 has the highest and lowest median tax bill at $620.
Average Falfurrias Assessed Value
$43,025
Average Duval County Assessed Value
$41,680
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 | $23,430 | $25,590 | $43,025 | $71,640 | $93,924 |
Source: Ownwell
Property Tax Bills Across Falfurrias, Texas
In Falfurrias, 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 assessor and reflects the market value of your property. For instance, the median home price in Falfurrias is $43,025. The tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. In Falfurrias, the 25th percentile tax bill is $443, while the 75th percentile tax bill is $1,052. At the 90th percentile, homeowners may see tax bills as high as $1,550. These property taxes fund essential community services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, residents in Falfurrias experience varying tax burdens that can significantly impact their annual expenses. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Falfurrias Tax Bill
$620
Average Duval County Tax Bill
$915
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 | $405 | $443 | $620 | $1,052 | $1,550 |
Source: Ownwell