Fabens, Texas Property Taxes
The median property tax rate in Fabens, TX is 2.07%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $35,846 in Fabens, the typical annual property tax bill amounts to $661, which is below the national median of $2,690. Property taxes in Fabens are based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding the intricacies of Fabens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Fabens or another part of El Paso County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fabens, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.07%
Estimate Property Tax Bill
$742
$689
$1,148
Average Tax Savings
Ownwell’s Fabens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fabens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fabens 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 Fabens. 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 Fabens, Texas
Property taxes in Fabens, Texas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Fabens is 2.07%, notably higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Fabens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fabens 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 Fabens' effective property tax rate to other counties in Texas and the national median. For comparison, the 79838 zip code has the highest median property tax rate of 2.07%, while the same zip code also has the lowest median tax rate of 2.07%. Understanding how these cities compare with Fabens provides valuable insights into the varying tax landscape across El Paso County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fabens Tax Rate
2.07%
Average El Paso County Tax Rate
1.98%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fabens, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79838 | 0.62% | 0.99% | 2.07% | 2.38% | 2.59% |
Source: Ownwell
$1,148
Average Fabens Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Fabens, Texas
In Fabens, 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 El Paso 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 Fabens, 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. The median home price in Fabens is $35,846, with annual tax bills ranging from $241 at the 25th percentile to $2,606 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 79838, at $661. Being aware of these valuation processes in Fabens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fabens Assessed Value
$35,846
Average El Paso County Assessed Value
$183,860
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fabens, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79838 | $5,140 | $11,662 | $35,846 | $123,285 | $174,948 |
Source: Ownwell
$1,148
Average Fabens Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Fabens, Texas
In Fabens, El Paso County, TX, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the El Paso County Appraisal District and reflects the market value of the home. For instance, with a median home price of $35,846, homeowners in Fabens can expect varying tax bills. The 25th percentile tax bill is around $241, while the 75th percentile reaches $1,522. The highest median tax bill in the area is $661, which is still below the national median property tax rate of 0.99%. Several factors influence the tax bill, including property improvements, market conditions, and local government budgets. High property taxes can significantly impact homeowners, making it crucial to manage these costs effectively. Ownwell offers specialized property tax appeal and exemption services to help homeowners in Fabens save on their tax bills. By leveraging expert knowledge and local data, Ownwell ensures that homeowners pay only their fair share, potentially reducing their annual property tax burden.
Average Fabens Tax Bill
$661
Average El Paso County Tax Bill
$3,416
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fabens, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79838 | $90 | $241 | $661 | $1,522 | $2,606 |
Source: Ownwell
$1,148
Average Fabens 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 | |
|---|---|
| El Paso Appraisal District | |
| Phone | (915) 780-2000 |
| Website | epcad.org |
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