Frost, Texas Property Taxes
The median property tax rate in Frost, TX is 0.31%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Frost at $300,815, the typical annual property tax bill is $937, well below the national median of $2,690. Property taxes in Frost are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Frost's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Frost 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
Frost, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.31%
Estimate Property Tax Bill
$933
$863
$1,148
Average Frost, Texas Tax Savings
Ownwell’s Frost Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Frost with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Frost 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 Frost. 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 Frost, Texas
Property taxes in Frost, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Frost is 0.31%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Frost set these rates annually, and they can vary significantly across different neighborhoods. Each year, Frost 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 Frost's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in Texas can be found in 77005 at 2.13%, while the lowest median tax rate is in 79852 at 0.18%. Understanding how these cities compare with Frost provides valuable insights into the varying tax landscape across Ellis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Frost Tax Rate
0.31%
Average Ellis County Tax Rate
1.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Frost, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76641 | 0.31% | 0.31% | 0.31% | 0.31% | 0.31% |
Source: Ownwell
$1,148
Average Frost Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Frost, Texas
In Frost, 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 Ellis 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 Frost, 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 Frost helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Frost are both $937, recorded in the 76641 zip code.
Average Frost Assessed Value
$300,815
Average Ellis County Assessed Value
$332,264
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Frost, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76641 | $300,815 | $300,815 | $300,815 | $300,815 | $300,815 |
Source: Ownwell
$1,148
Average Frost Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Frost, Texas
In Frost, located in Ellis 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 market value of properties. For Frost, the median home price stands at $300,815. With a uniform tax bill of $937 across various percentiles, homeowners in Frost face a property tax rate that is significantly lower than the national median rate of 0.99%. Several factors influence the tax bill, including property size, location, and any applicable exemptions. These elements collectively determine the final amount homeowners owe, impacting their annual financial planning. Ownwell can assist homeowners in Frost by offering property tax appeal and exemption services. By leveraging expert knowledge and local market insights, Ownwell helps ensure that properties are fairly assessed, potentially reducing tax burdens. This can translate into substantial savings, making homeownership more affordable and financially manageable.
Average Frost Tax Bill
$937
Average Ellis County Tax Bill
$4,181
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Frost, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76641 | $937 | $937 | $937 | $937 | $937 |
Source: Ownwell
$1,148
Average Frost 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 | |
|---|---|
| Ellis Appraisal District | |
| Phone | (972) 825-5150 |
| Website | www.elliscad.com |
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