Falls County, Texas Property Taxes
The median property tax rate in Falls County is 2.22%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Falls County at $76,900, the typical annual property tax bill reaches $1,609, which is below the national median of $2,690. Property taxes in Falls County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Falls County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Marlin or another part of Falls County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Falls County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.22%
Estimate Property Tax Bill
$1,707
$1,584
Ownwell’s Falls County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Falls County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Falls County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Falls County, Texas
Property taxes in Falls County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Falls County is 2.22%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Falls County set these rates annually, and they can vary significantly between different areas within the county. Each year, Falls County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Falls County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Marlin has one of the higher property tax rates in Texas at 3.16%, while the city of Burlington boasts one of the lowest at 1.13%. Analyzing how Falls County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Falls County Tax Rate
2.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Falls County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bremond | 0.92% | 1.34% | 1.80% | 2.30% | 2.30% |
| Bruceville | N/A | N/A | N/A | N/A | N/A |
| Burlington | N/A | N/A | N/A | N/A | N/A |
| Chilton | 0.84% | 1.38% | 1.95% | 2.00% | 2.00% |
| Eddy | 0.47% | 0.81% | 1.29% | 1.77% | 1.87% |
| Kosse | 0.68% | 1.14% | 1.88% | 2.30% | 2.56% |
| Lorena | 0.85% | 1.24% | 1.80% | 2.25% | 2.25% |
| Lott | 0.71% | 1.30% | 1.67% | 1.99% | 2.33% |
| Marlin | 1.74% | 2.49% | 3.16% | 3.37% | 3.37% |
| Mart | 0.34% | 0.60% | 1.14% | 1.83% | 2.19% |
| Perry | N/A | N/A | N/A | N/A | N/A |
| Reagan | 0.83% | 1.43% | 2.41% | 2.56% | 2.56% |
| Riesel | 0.74% | 1.39% | 1.93% | 2.51% | 2.56% |
| Rosebud | 0.95% | 1.67% | 2.25% | 2.71% | 2.71% |
| Satin | 0.74% | 1.17% | 2.00% | 2.00% | 2.00% |
| Thornton | N/A | N/A | N/A | N/A | N/A |
| Troy | 0.73% | 1.14% | 1.56% | 1.83% | 1.83% |
| Waco | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Falls County, Texas
In Falls County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Falls County Appraisal District. The assessed value, however, 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. Assessment notices in Falls County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in Falls County is in Thornton at $3,418, while the lowest is in Perry at $404. Being aware of these valuation processes in Falls County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Falls County Assessed Value
$76,900
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Falls County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bremond | $40,630 | $93,060 | $166,040 | $255,820 | $412,960 |
| Bruceville | N/A | N/A | N/A | N/A | N/A |
| Burlington | N/A | N/A | N/A | N/A | N/A |
| Chilton | $16,393 | $40,352 | $76,125 | $131,945 | $261,290 |
| Eddy | $49,500 | $89,175 | $168,740 | $297,250 | $562,188 |
| Kosse | $41,410 | $70,128 | $131,570 | $258,332 | $540,190 |
| Lorena | $31,728 | $87,975 | $165,400 | $281,860 | $400,112 |
| Lott | $20,800 | $47,732 | $90,945 | $187,280 | $353,504 |
| Marlin | $10,150 | $32,575 | $64,350 | $102,480 | $159,450 |
| Mart | $75,997 | $129,772 | $252,265 | $470,542 | $749,646 |
| Perry | N/A | N/A | N/A | N/A | N/A |
| Reagan | $17,376 | $36,890 | $76,590 | $135,490 | $249,550 |
| Riesel | $31,342 | $62,020 | $116,630 | $210,570 | $418,992 |
| Rosebud | $16,022 | $38,290 | $75,830 | $129,910 | $234,738 |
| Satin | $4,604 | $16,920 | $34,740 | $78,675 | $342,138 |
| Thornton | N/A | N/A | N/A | N/A | N/A |
| Troy | $45,038 | $99,370 | $239,350 | $383,230 | $566,624 |
| Waco | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Falls County, Texas
In Falls County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local appraisal district and reflects the market value of the property. Homeowners in Falls County pay a median tax bill that varies significantly, with the 25th percentile at $760 and the 75th percentile reaching $2753. For those at the 90th percentile, tax bills can climb as high as $4297. Several factors influence the property tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These taxes fund essential public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, the tax burden in Falls County can be notably different, impacting homeowners' financial planning and overall cost of living. In comparison, the highest median tax bill in Texas is found in Thornton at $3418, while Perry boasts the lowest at $404.
Average Falls County Tax Bill
$1,609
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Falls County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bremond | $748 | $1,358 | $2,880 | $4,314 | $5,247 |
| Bruceville | N/A | N/A | N/A | N/A | N/A |
| Burlington | N/A | N/A | N/A | N/A | N/A |
| Chilton | $276 | $624 | $1,231 | $2,083 | $3,681 |
| Eddy | $439 | $976 | $1,889 | $3,143 | $4,738 |
| Kosse | $588 | $1,159 | $2,378 | $4,107 | $5,245 |
| Lorena | $544 | $1,184 | $2,423 | $3,939 | $6,009 |
| Lott | $345 | $707 | $1,454 | $2,527 | $4,059 |
| Marlin | $302 | $804 | $1,737 | $2,804 | $4,182 |
| Mart | $975 | $1,410 | $2,384 | $4,410 | $11,126 |
| Perry | N/A | N/A | N/A | N/A | N/A |
| Reagan | $369 | $701 | $1,236 | $2,380 | $3,834 |
| Riesel | $506 | $1,144 | $1,960 | $3,180 | $4,773 |
| Rosebud | $324 | $752 | $1,503 | $2,579 | $3,755 |
| Satin | $92 | $324 | $587 | $995 | $2,735 |
| Thornton | N/A | N/A | N/A | N/A | N/A |
| Troy | $597 | $1,173 | $3,258 | $4,846 | $5,780 |
| Waco | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell