Smithville, Fayette County, Texas Property Taxes

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

Median SMITHVILLE, 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 SMITHVILLE, TX home value: $180,365
Median annual SMITHVILLE, TX tax bill: $1,617, $783 lower than the national median property tax bill of $2,400.

How are property taxes in Fayette calculated?

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

Last Updated March 1, 2025

Smithville, Fayette County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.24%

Estimate Property Tax Bill

$2,237

$2,075

Ownwell’s Smithville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Smithville with just two data points.

By entering your property's estimated assessed value, our calculator applies Smithville’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 Smithville, Fayette County, Texas

Local government entities set tax rates, which can vary widely within a state. This variation arises because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Smithville’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Smithville, located in Fayette County, reflects Texas's diverse property tax landscape. The median property tax rate in Texas stands at 1.24%, surpassing the national median rate of 1.02%. This means that property owners in Texas, including those in Smithville, often encounter higher tax rates compared to the national average. However, the specific rate can fluctuate based on the county's fiscal needs and the total assessed property value, underscoring the importance of understanding local tax dynamics.

Property Tax Rates Across Smithville, 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 Smithville Tax Rate

1.24%

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 Smithville, Fayette County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
78957	0.24%	0.60%	1.24%	1.39%	1.39%

Source: Ownwell

Property Tax Assessment Values Across Smithville, Fayette County, Texas

When examining property taxes in Smithville, 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. 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 Smithville. For example, the median home price in Smithville is $180,365, with tax bills ranging significantly across the county. 78957 has the highest median home price at $180,365.

Property Tax Assessment Values Across Smithville, Fayette County, Texas

Source: Ownwell

$50,045

$380,243

$710,440

Median Smithville Market Value

$180,365

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 Smithville, Fayette County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
78957	$7,495	$52,610	$180,365	$372,372	$970,606

Source: Ownwell

Property Tax Bills Across Smithville, Fayette County, Texas

In Smithville, 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, reflecting the market value of the property. Homeowners in Smithville face a median property tax bill of $1,617, which is significantly below the national median of $2,400. This means homeowners in the area benefit from relatively lower property tax obligations compared to the national average. However, tax bills can range widely, with some homeowners paying as low as $525 or as high as $4,778, depending on the property's assessed value and applicable exemptions. Homeowners can face financial strain due to these varying tax bills. Ownwell assists homeowners by offering property tax appeal services, potentially reducing their tax liabilities. Through expert analysis and representation, Ownwell helps ensure that property assessments are fair, allowing homeowners to save money and reduce their financial burden.

Property Tax Bills Across Smithville, Fayette County, Texas

Source: Ownwell

$519

$2,049

$3,579

Median Smithville Tax Bill

$1,617

Median Fayette County Tax Bill

$2,303

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Smithville, Fayette County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
78957	$84	$525	$1,617	$3,247	$4,778

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