Freer, Duval County, Texas Property Taxes
The median property tax rate in Freer, TX is 2.56%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Freer, the typical annual property tax bill reaches $1,059, surpassing the national median of $2,690. Property taxes in Freer 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 Freer'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 Freer 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
Freer, Duval County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.56%
Estimate Property Tax Bill
$1,140
$1,058
Ownwell’s Freer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Freer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Freer 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 Freer, Duval County, Texas
Property taxes in Freer, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Freer is 2.56%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Freer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Freer 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 Freer's effective property tax rate to other counties in Texas and the national median. For comparison, the 78357 zip code has the highest median property tax rate of 2.56%, while the 78357 zip code also has the lowest median tax rate of 2.56%. Understanding how these cities compare with Freer provides valuable insights into the varying tax landscape across Duval County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Freer Tax Rate
2.56%
Average Duval County Tax Rate
2.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Freer, Duval County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78357 | 2.15% | 2.47% | 2.56% | 2.56% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Freer, Duval County, Texas
In Freer, 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 Duval 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 Freer, 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. The median home price in Freer is $44,520, with tax bills ranging from the 25th percentile at $420 to the 75th percentile at $1,861, and the 90th percentile at $2,963. 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 Freer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Freer, Duval County, Texas
Source: Ownwell
$38,040
$46,685
$55,330
Average Freer Assessed Value
$44,520
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 Freer, Duval County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78357 | $5,339 | $19,278 | $44,520 | $78,218 | $123,571 |
Source: Ownwell
Property Tax Bills Across Freer, Duval County, Texas
In Freer, located in Duval County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the property's market value. This value is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $44,520, homeowners in Freer can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors such as property improvements, neighborhood changes, and local government budgets can influence the assessed value and, consequently, the tax bill. Homeowners in Freer typically see tax bills ranging from $420 at the 25th percentile to $1,861 at the 75th percentile, with the 90th percentile reaching up to $2,963. Compared to the national median property tax rate of 0.99%, Freer's tax rates can significantly impact homeowners, making it crucial for them to understand how their tax bills are determined and to explore potential exemptions or appeals if necessary.
Average Freer Tax Bill
$1,059
Average Duval County Tax Bill
$915
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Freer, Duval County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78357 | $127 | $420 | $1,059 | $1,861 | $2,963 |
Source: Ownwell