Reagan, Falls County, Texas Property Taxes

Name: Property Tax Bills Across Reagan, Falls County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Reagan, TX effective property tax rate: 2.41%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Reagan, TX home value: $76,590
Median annual Reagan, TX tax bill: $1,236, $1,164 lower than the national median property tax bill of $2,400.

How are property taxes in Falls County calculated?

Property taxes in Reagan, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Reagan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Reagan, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Reagan, Falls County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.41%

Estimate Property Tax Bill

$1,846

$1,713

Ownwell’s Reagan Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Reagan with just two data points. By entering your property's estimated assessed value, our calculator applies Reagan’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Falls County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Reagan, Falls County, Texas

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Reagan in Falls County, Texas, stands out with its effective property tax rate of 2.41%, significantly higher than the national median property tax rate of 1.02%. This rate is also the highest and lowest in the area, indicating a uniformity in tax rates within the region. When compared to the national median property tax bill of $2,400, property owners in Reagan may find themselves contributing substantially more towards local services. Understanding these rates can help property owners make informed decisions about property investments and tax appeals. Whether you're a long-time resident or a potential property buyer, being aware of these figures is crucial for financial planning.

Property Tax Rates Across Reagan, Falls County, Texas

Source: Ownwell

1.14%

2.15%

3.16%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Reagan Tax Rate

2.41%

Median Effective Falls County Tax Rate

2.22%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Reagan, Falls County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
76680	0.83%	1.43%	2.41%	2.56%	2.56%

Source: Ownwell

Property Tax Assessment Values Across Reagan, Falls County, Texas

When examining property taxes in Reagan, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Falls County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Falls County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Reagan. For example, the median home price in Reagan is $76,590, with tax bills ranging significantly across the county. Zip code 76680 has the highest median home price at $76,590.

Property Tax Assessment Values Across Reagan, Falls County, Texas

Source: Ownwell

$34,740

$143,503

$252,265

Median Reagan Market Value

$76,590

Median Falls County Market Value

$76,900

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Reagan, Falls County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
76680	$17,376	$36,890	$76,590	$135,490	$249,550

Source: Ownwell

Property Tax Bills Across Reagan, Falls County, Texas

In Reagan, located in Falls County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value takes into account the market conditions and property characteristics. Homeowners in Reagan face a median property tax bill that is significantly lower than the national median of $2,400. However, tax bills can vary widely, with the 25th percentile at $701 and the 90th percentile reaching up to $3,834. These variations are influenced by the specific assessed values and tax rates applied within different areas of the county.

For homeowners looking to reduce their tax burden, Ownwell offers expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell helps ensure that homeowners are not overpaying. This personalized approach can lead to significant savings, allowing homeowners to better manage their finances and invest in other priorities.

Property Tax Bills Across Reagan, Falls County, Texas

Source: Ownwell

$587

$1,923

$3,258

Median Reagan Tax Bill

$1,236

Median Falls County Tax Bill

$1,609

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Reagan, Falls County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
76680	$369	$701	$1,236	$2,380	$3,834

Source: Ownwell