Windom, Texas Property Taxes
The median property tax rate in Windom, TX is 1.14%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $197,120 in Windom, the typical annual property tax bill amounts to $1,776, which is below the national median of $2,690. Property taxes in Windom are based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Familiarizing yourself with Windom's property tax system, exploring available exemptions, and identifying reduction opportunities can result in substantial annual savings. Whether you're in the heart of Windom or another part of the city, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Windom, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$2,247
$2,085
Ownwell’s Windom Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Windom with just two key inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Windom to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities, ensuring you’re well-prepared for any financial obligations. For those interested in more detailed trends at a neighborhood level, additional localized information is available. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Windom, Texas
Property taxes in Windom, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Windom is 1.14%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Windom set these rates annually, and they can vary significantly across different neighborhoods. Each year, Windom 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 Windom's effective property tax rate to other counties in Texas and the national median. For comparison, the 75492 zip code has the highest median property tax rate of 1.14%, while the 75492 zip code has the lowest median tax rate of 1.14%. Understanding how these cities compare with Windom 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 Windom Tax Rate
1.14%
Average Fannin County Tax Rate
1.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Windom, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75492 | 0.46% | 0.79% | 1.14% | 1.41% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Windom, Texas
In Windom, 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 Windom, 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. For instance, the median home price in Windom is $197,120. Property tax bills can vary significantly, with the 25th percentile tax bill being $917 and the 75th percentile tax bill reaching $3,185. The highest and lowest median tax bills are both $1,776 in zip code 75492. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Windom Assessed Value
$197,120
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 Windom, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75492 | $52,096 | $87,780 | $197,120 | $371,600 | $619,454 |
Source: Ownwell
Property Tax Bills Across Windom, Texas
In Windom, located in Fannin 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 and is often a percentage of the market value. Homeowners in Windom see a range of property tax bills, with the 25th percentile at $917 and the 75th percentile reaching $3,185. The 90th percentile tax bill can go as high as $4,608. These tax bills are influenced by several factors, including the property's size, location, and the local school district's funding requirements. Compared to the national median property tax rate of 0.99%, Windom's rates reflect the local government's budgetary needs and public service funding. For homeowners, this means that property taxes can significantly impact annual expenses, varying widely depending on the specific characteristics and assessed value of their home. The highest median tax bill in the area is $1,776, found in the 75492 zip code.
Average Windom Tax Bill
$1,776
Average Fannin County Tax Bill
$2,400
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Windom, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75492 | $603 | $917 | $1,776 | $3,185 | $4,608 |
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 |