Plum, Fayette County, Texas Property Taxes
Median Plum, TX effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Plum, TX home value: $50,045
Median annual Plum, TX tax bill: $519, $1,881 lower than the national median property tax bill of $2,400.
How are property taxes in Fayette County calculated?
Property taxes in Plum, 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 Plum’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Plum, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Plum, Fayette County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.24%
Estimate Property Tax Bill
$621
$576
Property Tax Rates Across Plum, Fayette County, Texas
Local government entities determine tax rates, which can greatly differ within a state. Annually, each county estimates its budget needs to provide essential services and divides that by the total assessed value of all taxable property within its jurisdiction. This process results in the property tax rate. While votes and legislation play roles in setting these rates and budgets, this is the essence of the annual procedure.
In Plum, located in Fayette County, Texas, the effective property tax rate is a key figure for homeowners to consider. Comparing Plum's tax rate to other Texas cities and the state median can provide valuable insights. Texas's median property tax rate is 1.24%, which is notably higher than the national median of 1.02%. This means homeowners in Texas, including those in Plum, may face higher property tax bills than the national average. Understanding these rates and how they impact your property tax bill is crucial for effective financial planning. By staying informed, property owners in Plum can make better decisions regarding their property taxes and potentially seek opportunities for appeals or exemptions.
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 Plum Tax Rate
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 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 Plum, Fayette County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78952 | 0.98% | 1.17% | 1.24% | 1.24% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Plum, Fayette County, Texas
When examining property taxes in Plum, Texas, 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 Plum. For example, the median home price in Plum is $50,045, with tax bills ranging significantly across the county. Zip code 78952 has the highest median home price at $50,045.
Property Tax Assessment Values Across Plum, Fayette County, Texas
Source: Ownwell
$50,045
$380,243
$710,440
Median Plum Market Value
$50,045
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 Plum, Fayette County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78952 | $5,026 | $14,208 | $50,045 | $110,398 | $188,977 |
Source: Ownwell
Property Tax Bills Across Plum, Fayette County, Texas
Median Plum Tax Bill
$519
Median Fayette County Tax Bill
$2,303
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Plum, Fayette County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78952 | $55 | $120 | $519 | $1,201 | $1,927 |
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 |