Waelder, Texas Property Taxes
The median property tax rate in Waelder, TX is 1.06%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $308,860 in Waelder, the typical annual property tax bill reaches $2,583, which is below the national median of $2,690. Property taxes in Waelder are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Waelder's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Waelder 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
Waelder, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$3,274
$3,038
Ownwell’s Waelder Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waelder with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waelder to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Waelder, Texas
Property taxes in Waelder, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waelder is 1.06%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Waelder set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waelder 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 Waelder's effective property tax rate to other counties in Texas and the national median. For comparison, the 78959 zip code has the highest median property tax rate of 1.06%, while the 78959 zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Waelder provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waelder Tax Rate
1.06%
Average Fayette County Tax Rate
1.14%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waelder, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78959 | 0.17% | 0.46% | 1.06% | 1.31% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Waelder, Texas
In Waelder, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Waelder, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Waelder helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 78959 in Waelder has the highest median tax bill at $2,583.00, which is crucial for homeowners to consider when budgeting for annual expenses.
Average Waelder Assessed Value
$308,860
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 Waelder, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78959 | $78,234 | $193,515 | $308,860 | $527,425 | $830,190 |
Source: Ownwell
Property Tax Bills Across Waelder, Texas
In Waelder, property tax bills are calculated based on the assessed value of a home, which is determined by the Fayette County appraisal district. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Waelder is $308,860, and property tax bills vary significantly. For instance, the tax bill for the 25th percentile is $1,114, while the 75th percentile reaches $3,632, and the 90th percentile goes up to $5,446. These figures illustrate the range of tax burdens homeowners might face depending on their property’s assessed value. The highest median tax bill in Waelder is $2,583, which is notably higher than the national median property tax rate of 0.99%. This variation can significantly impact homeowners, influencing their overall housing costs and financial planning. Understanding these factors is crucial for homeowners to anticipate their tax obligations and manage their budgets effectively.
Average Waelder Tax Bill
$2,583
Average Fayette County Tax Bill
$2,303
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Waelder, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78959 | $559 | $1,114 | $2,583 | $3,632 | $5,446 |
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 |