New Ulm, Fayette County, Texas Property Taxes

Name: Property Tax Bills Across New Ulm, Fayette County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median New Ulm, TX effective property tax rate: 0.43%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median New Ulm, TX home value: $660,340
Median annual New Ulm, TX tax bill: $2,848, $448 higher than the national median property tax bill of $2,400.

How are property taxes in Fayette County calculated?

Property taxes in New Ulm, 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 New Ulm’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Ulm, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

New Ulm, Fayette County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.43%

Estimate Property Tax Bill

$2,839

$2,635

Ownwell’s New Ulm Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Ulm with just two data points. By entering your property's estimated assessed value, our calculator applies New Ulm’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Fayette County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across New Ulm, Fayette County, Texas

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that 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 these rates and budgets, this is the annual process in a nutshell. In New Ulm, located in Fayette County, Texas, the effective property tax rate stands out when compared to other cities in the state and the national median. Texas is known for its relatively low property tax rates, and New Ulm is no exception. With a median tax rate of 0.43%, it falls significantly below the national median property tax rate of 1.02%. This makes New Ulm an attractive option for property owners seeking lower property tax obligations. While the national median property tax bill is around $2400, residents in New Ulm enjoy a more favorable tax environment, which can contribute to the overall affordability of living in this charming Texas community.

Property Tax Rates Across New Ulm, Fayette County, Texas

Source: Ownwell

0.43%

0.83%

1.24%

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 New Ulm Tax Rate

0.43%

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 New Ulm, Fayette County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
78950	0.26%	0.30%	0.43%	0.77%	1.04%

Source: Ownwell

Property Tax Assessment Values Across New Ulm, Fayette County, Texas

When examining property taxes in New Ulm, 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. Assessment notices: In Fayette County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 New Ulm. For example, the median home price in New Ulm is $660,340, with tax bills ranging significantly across the county. 78950 has the highest median home price at $660,340.

Property Tax Assessment Values Across New Ulm, Fayette County, Texas

Source: Ownwell

$50,045

$380,243

$710,440

Median New Ulm Market Value

$660,340

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 New Ulm, Fayette County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
78950	$343,132	$391,930	$660,340	$852,230	$1,137,236

Source: Ownwell

Property Tax Bills Across New Ulm, Fayette County, Texas

In New Ulm, 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. This assessed value is then multiplied by the local tax rate to determine the final tax bill. The median home price in the area is $660,340, which influences the overall tax burden for homeowners. Factors such as property size, location, and market conditions are considered in the assessment process. Homeowners in New Ulm face a median property tax bill of $2,848, which is slightly above the national median of $2,400. However, tax bills can vary significantly, with some homeowners paying as little as $2,136 or as much as $4,821. Ownwell assists homeowners by providing expert property tax appeal and exemption services, potentially reducing their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps clients secure fair and accurate tax assessments, ultimately leading to significant savings.

Property Tax Bills Across New Ulm, Fayette County, Texas

Source: Ownwell

$519

$2,049

$3,579

Median New Ulm Tax Bill

$2,848

Median Fayette County Tax Bill

$2,303

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across New Ulm, Fayette County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
78950	$1,782	$2,136	$2,848	$3,876	$4,821

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