Ladonia, Texas Property Taxes
The median property tax rate in Ladonia, TX is 1.25%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $79,905, the typical annual property tax bill in Ladonia amounts to $931, which is significantly below the national median of $2,690. Property taxes in Ladonia are based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Ladonia'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 Ladonia or another part of Fannin County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ladonia, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Ladonia Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ladonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ladonia to give you an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in more detailed insights, scroll down to explore trends at the neighborhood level. Your property’s assessed value is determined by Fannin County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Ladonia, Texas
Property taxes in Ladonia, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ladonia is 1.25%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Ladonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ladonia 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 Ladonia's effective property tax rate to other counties in Texas and the national median. For comparison, the 75449 zip code has the highest median property tax rate of 1.25%, while the same zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Ladonia provides valuable insights into the varying tax landscape across Fannin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ladonia Tax Rate
1.25%
Average Fannin County Tax Rate
1.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ladonia, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75449 | 0.48% | 1.00% | 1.25% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Ladonia, Texas
In Ladonia, 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 Fannin 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 Ladonia, 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 Ladonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 75449 has the highest and lowest median tax bill at $931.
Average Ladonia Assessed Value
$79,905
Average Fannin County Assessed Value
$196,430
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ladonia, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75449 | $22,563 | $44,775 | $79,905 | $186,060 | $427,446 |
Source: Ownwell
Property Tax Bills Across Ladonia, Texas
In Ladonia, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate set by various taxing authorities, such as school districts, municipalities, and other special districts. For homeowners in Ladonia, the median home price is $79,905, which serves as a baseline for calculating tax obligations. Factors such as property improvements, market conditions, and comparable property values in the area are considered in the assessment process. The tax bill can vary significantly, with the 25th percentile at $555 and the 75th percentile reaching $1,761. At the higher end, the 90th percentile tax bill can climb up to $3,388. These figures highlight the range of potential tax burdens on homeowners, which can impact financial planning and housing affordability. Comparatively, Ladonia's property tax rates and bills are influenced by Fannin County's regulations and reflect the broader economic conditions of the region. For instance, the highest median tax bill in the area is $931.00, which is relatively modest compared to the national median property tax rate of 0.99%. This localized approach ensures that property taxes are tailored to the specific needs and values of the Ladonia community.
Average Ladonia Tax Bill
$931
Average Fannin County Tax Bill
$2,400
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ladonia, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75449 | $263 | $555 | $931 | $1,761 | $3,388 |
Source: 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 | |
|---|---|
| Fannin Appraisal District | |
| Website | esearch.fannincad.org |