Round Top, Fayette County, Texas Property Taxes
Median Round Top, TX effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%. Median Round Top, TX home value: $706,870. Median annual Round Top, TX tax bill: $3,569, $1,169 higher than the national median property tax bill of $2,400.
How are property taxes in Fayette calculated?
Property taxes in Round Top, 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 Round Top’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Round Top, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Round Top, Fayette County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.94%
Estimate Property Tax Bill
$6,645
$6,166
Property Tax Rates Across Round Top, Fayette County, Texas
Local government entities are responsible for setting property tax rates, leading to significant variations within a state. Each county annually estimates the budget required to provide essential services and divides this by the total value of all taxable property within its jurisdiction. This process determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially how property tax rates are calculated each year.
In Round Top, located in Fayette County, the effective property tax rate is a key consideration for homeowners. The median property tax rate in Texas is 1.80%, which is higher than the national median of 1.02%. However, Round Top's rate is more favorable, offering potential savings for property owners. Comparatively, the highest and lowest median tax rates in Texas can vary significantly, emphasizing the importance of understanding local tax obligations. By exploring these rates, property owners in Round Top can better navigate their tax responsibilities and potentially reduce their financial burden through appeals and exemptions. Understanding these local nuances is crucial for making informed decisions about property taxes.
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 Round Top Tax Rate
0.94%
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 Round Top, Fayette County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78954 | 0.15% | 0.37% | 0.94% | 1.19% | 1.22% |
| 78961 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Round Top, Fayette County, Texas
When examining property taxes in Round Top, 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 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 Round Top.
For example, the median home price in Round Top is $706,870, with tax bills ranging significantly across the county. Zip code 78954 has the highest median home price at $710,440.
Property Tax Assessment Values Across Round Top, Fayette County, Texas
Source: Ownwell
$50,045
$380,243
$710,440
Median Round Top Market Value
$706,870
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 Round Top, Fayette County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78954 | $62,581 | $291,548 | $710,440 | $1,366,722 | $2,293,083 |
| 78961 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Round Top, Fayette County, Texas
Median Round Top Tax Bill
$3,569
Median Fayette County Tax Bill
$2,303
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Round Top, Fayette County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78954 | $536 | $1,906 | $3,579 | $7,170 | $12,372 |
| 78961 | N/A | N/A | N/A | N/A | N/A |
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 |