Flatonia, Texas Property Taxes
The median property tax rate in Flatonia, TX is 1.19%, slightly higher than the national median of 0.99%, but lower than the Texas state median of 1.67%. With a median home value in Flatonia of $212,330, the typical annual property tax bill amounts to $1,953, which is below the national median of $2,690. Property taxes in Flatonia are determined based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Flatonia's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Flatonia or another part of Fayette County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Flatonia, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$2,527
$2,338
Ownwell’s Flatonia Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Flatonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flatonia to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Fayette County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Flatonia, Texas
Property taxes in Flatonia, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Flatonia is 1.19%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Flatonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Flatonia 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 Flatonia's effective property tax rate to other counties in Texas and the national median. For comparison, the 78941 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Flatonia provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Flatonia Tax Rate
1.19%
Average Fayette County Tax Rate
1.14%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flatonia, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78941 | 0.26% | 0.76% | 1.19% | 1.60% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Flatonia, Texas
In Flatonia, 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 Fayette 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. 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 Flatonia is $212,330, with tax bills ranging from $755 at the 25th percentile to $5,332 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,953, specifically in the 78941 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively.
Average Flatonia Assessed Value
$212,330
Average Fayette County Assessed Value
$251,650
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Flatonia, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78941 | $28,214 | $68,150 | $212,330 | $440,955 | $815,780 |
Source: Ownwell
Property Tax Bills Across Flatonia, Texas
In Flatonia, located in Fayette 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, which estimates the market value of the property. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $212,330, homeowners in Flatonia can expect varying tax bills depending on their property’s assessed value and the specific tax rates applied. Factors influencing the tax bill include property size, location, and any applicable exemptions, such as homestead exemptions. The tax bills in Flatonia range significantly, with the 25th percentile at $755 and the 90th percentile reaching up to $5,332. This range highlights the variability in tax obligations based on property values and exemptions. Homeowners should be aware of how these factors affect their tax bills to better manage their finances and potentially seek reductions through appeals or exemptions.
Average Flatonia Tax Bill
$1,953
Average Fayette County Tax Bill
$2,303
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Flatonia, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78941 | $266 | $755 | $1,953 | $3,539 | $5,332 |
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 |