Fayetteville, Fayette County, Texas Property Taxes
Median Fayetteville, TX effective property tax rate: 1.02%, significantly lower than the Texas state median of 1.67%, aligning with the national median of 1.02%.
Median Fayetteville, TX home value: $342,450
Median annual Fayetteville, TX tax bill: $2,565, $165 higher than the national median property tax bill of $2,400.
How are property taxes in Fayette calculated?
Property taxes in Fayetteville, 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 Fayetteville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fayetteville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fayetteville, Fayette County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.02%
Estimate Property Tax Bill
$3,493
$3,241
Property Tax Rates Across Fayetteville, Fayette County, Texas
Local government entities set tax rates, and these can vary significantly within Texas. Why? Each county annually estimates the budget required to provide essential services and then divides this amount by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting rates and budgets, this is essentially the annual process.
In Fayetteville, located in Fayette County, the effective property tax rate is aligned with the national median of 1.02%. This consistency can offer a level of predictability for property owners in the area. However, it is important to note that within Texas, tax rates can fluctuate due to the diverse economic needs and property values across different cities and counties.
Comparing Fayetteville’s property tax rate with other cities in Texas can provide valuable insights for property owners. While some regions may have higher rates due to increased budgetary needs, others might enjoy lower rates, reflecting a smaller budget or higher property values. Understanding these differences can help property owners make informed decisions regarding property investments and financial planning.
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 Fayetteville Tax Rate
1.02%
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 Fayette County Tax Rate
1.14%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fayetteville, Fayette County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78940 | 0.14% | 0.40% | 1.02% | 1.31% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Fayetteville, Fayette County, Texas
When examining property taxes in Fayetteville, 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 Fayette 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 Fayette County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Fayetteville.
For example, the median home price in Fayetteville is $342,450, with tax bills ranging significantly across the county. Zip code 78940 has the highest median home price at $342,450.
Property Tax Assessment Values Across Fayetteville, Fayette County, Texas
Source: Ownwell
$50,045
$380,243
$710,440
Median Fayetteville Market Value
$342,450
Median Fayette County Market Value
$251,650
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fayetteville, Fayette County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78940 | $62,148 | $174,180 | $342,450 | $669,130 | $1,329,082 |
Source: Ownwell
Property Tax Bills Across Fayetteville, Fayette County, Texas
In Fayetteville, located in Fayette County, 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 to determine the annual tax bill. With a median home price of $342,450, homeowners in this area can expect varying tax bills. For instance, those in the 25th percentile pay around $1,275, while those in the 75th percentile face bills up to $4,052. The tax burden can be significant, especially when compared to the national median property tax bill of $2,400.
Ownwell offers a solution for homeowners looking to reduce their property tax bills. By leveraging expert knowledge and experience, Ownwell can help identify potential savings through property tax appeals and exemptions. This service can be particularly beneficial for those in Fayetteville, where the highest and lowest median tax bills both stand at $2,565, indicating potential for savings. Homeowners can rely on Ownwell to navigate the complexities of property tax assessments and secure potential reductions.
Median Fayetteville Tax Bill
$2,565
Median Fayette County Tax Bill
$2,303
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Fayetteville, Fayette County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78940 | $426 | $1,275 | $2,565 | $4,052 | $5,549 |
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 | |
|---|---|
| Fayette Appraisal District | |
| Website | esearch.fayettecad.org |