Giddings, Texas Property Taxes
The median property tax rate in Giddings, TX is 1.00%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Giddings, the typical annual property tax bill reaches $2,739, which is just below the national median of $2,690. Property taxes in Giddings are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Giddings' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Giddings or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Giddings, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$3,271
$3,036
Ownwell’s Giddings Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Giddings with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Giddings to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more granular insights, you can explore neighborhood-level trends further down the page. Your property's assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Giddings, Texas
Property taxes in Giddings, Texas, play a critical role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Giddings is 1.00%, which is notably higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Giddings set these rates annually, and they can vary significantly across different neighborhoods. Each year, Giddings 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 Giddings' effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 78942 has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Giddings provides valuable insights into the varying tax landscape across Lee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Giddings Tax Rate
1.00%
Average Fayette County Tax Rate
1.14%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Giddings, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78942 | 0.17% | 0.55% | 1.00% | 1.16% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Giddings, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Giddings, Texas. 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. In Giddings, 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. The median home price in Giddings is $327,140, with the 25th percentile tax bill at $999 and the 75th percentile tax bill at $3,849. The highest median tax bill is $2,739, and the lowest median tax bill is also $2,739, both in zip code 78942. 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 Giddings Assessed Value
$327,140
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 Giddings, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78942 | $81,904 | $163,000 | $327,140 | $570,780 | $894,904 |
Source: Ownwell
Property Tax Bills Across Giddings, Texas
In Giddings, 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 evaluates the market value of the property. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. Factors influencing the tax bill include the property's market value and any applicable exemptions. Homeowners in Giddings might see a range of tax bills depending on their property's value. For instance, the 25th percentile of tax bills is around $999, while the 75th percentile reaches approximately $3,849, and the 90th percentile can go up to $5,234. These property taxes significantly impact homeowners, as they represent a recurring cost that must be budgeted for annually. Comparatively, the national median property tax rate is 0.99%, highlighting how local variations can affect the financial responsibilities of homeowners in specific regions like Giddings.
Average Giddings Tax Bill
$2,739
Average Fayette County Tax Bill
$2,303
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Giddings, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78942 | $347 | $999 | $2,739 | $3,849 | $5,234 |
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 |