Warrenton, Texas Property Taxes
The median property tax rate in Warrenton, TX is 1.19%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Warrenton at $502,060, the typical annual property tax bill reaches $5,235, exceeding the national median of $2,690. Property taxes in Warrenton 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 Warrenton'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 Warrenton 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
Warrenton, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$5,975
$5,544
Ownwell’s Warrenton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warrenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warrenton 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 Warrenton, Texas
Property taxes in Warrenton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warrenton is 1.19%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Warrenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warrenton 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 Warrenton's effective property tax rate to other counties in Texas and the national median. For comparison, the 78961 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Warrenton 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 Warrenton Tax Rate
1.19%
Average Fayette County Tax Rate
1.14%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warrenton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78961 | 0.64% | 0.85% | 1.19% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Warrenton, Texas
In Warrenton, 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 Warrenton, 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. Warrenton's median home price stands at $502,060, with property tax bills ranging from $3,460 at the 25th percentile to $5,839 at the 90th percentile. The zip code 78961 has both the highest and lowest median tax bill at $5,235. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Warrenton Assessed Value
$502,060
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 Warrenton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78961 | $213,356 | $321,620 | $502,060 | $777,380 | $942,572 |
Source: Ownwell
Property Tax Bills Across Warrenton, Texas
In Warrenton, TX, located in Fayette County, 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, which evaluates the property's market value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $502,060, homeowners in Warrenton face property tax bills that vary significantly. At the 25th percentile, the tax bill is around $3,460, while at the 75th percentile, it rises to approximately $5,613. For those in the 90th percentile, the tax bill can reach up to $5,839. These variations can significantly impact homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Warrenton's property taxes can be relatively high, especially considering the highest median tax bill in the area is $5,235. This underscores the importance of understanding local property tax assessments and their implications.
Average Warrenton Tax Bill
$5,235
Average Fayette County Tax Bill
$2,303
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Warrenton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78961 | $2,395 | $3,460 | $5,235 | $5,613 | $5,839 |
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 |