Troy, Falls County, Texas Property Taxes
Median Troy, TX effective property tax rate: 1.56%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Troy, TX home value: $239,350
Median annual Troy, TX tax bill: $3,258, $858 higher than the national median property tax bill of $2,400.
How are property taxes in Falls County calculated?
Property taxes in Troy, 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 Troy’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Troy, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Troy, Falls County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.56%
Estimate Property Tax Bill
$3,734
$3,465
Property Tax Rates Across Troy, Falls County, Texas
Local government entities set property tax rates, which can differ significantly within a state. Each county in Texas, including Falls County, estimates its budget needs annually to provide essential services. This budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. Although the process involves votes and legal considerations, this is the basic annual procedure.
In Troy, located in Falls County, the effective property tax rate is a reflection of these calculations. When comparing Troy's property tax rate to other cities in Texas and the national median, it becomes evident how local factors influence these rates. While the national median property tax rate stands at 1.02%, Texas exhibits a higher median rate, which can impact homeowners differently across the state. Understanding these variations is crucial for property owners seeking to manage their tax liabilities effectively. By staying informed, residents can make more strategic decisions regarding property tax appeals and exemptions, ultimately leading to potential savings.
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 Troy Tax Rate
1.56%
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 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 Troy, Falls County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76579 | 0.73% | 1.14% | 1.56% | 1.83% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Troy, Falls County, Texas
When examining property taxes in Troy, 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 Troy. For example, the median home price in Troy is $239,350, with tax bills ranging significantly across the county. Zip code 76579 has the highest median home price at $239,350.
Property Tax Assessment Values Across Troy, Falls County, Texas
Source: Ownwell
$34,740
$143,503
$252,265
Median Troy Market Value
$239,350
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 Troy, Falls County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76579 | $45,038 | $99,370 | $239,350 | $383,230 | $566,624 |
Source: Ownwell
Property Tax Bills Across Troy, Falls County, Texas
Median Troy Tax Bill
$3,258
Median Falls County Tax Bill
$1,609
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Troy, Falls County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76579 | $597 | $1,173 | $3,258 | $4,846 | $5,780 |
Source: Ownwell