Weimar, Texas Property Taxes
The median property tax rate in Weimar, TX, is 0.78%, which is notably lower than both the national median of 0.99% and the Texas state median of 1.67%. Given the median home value in Weimar, the typical annual property tax bill amounts to $3,081, surpassing the national median of $2,690. Property taxes in Weimar are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Familiarizing oneself with Weimar's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're located in the heart of Weimar or elsewhere in the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Weimar, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$3,291
$3,054
Ownwell’s Weimar Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Weimar. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Weimar to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in more detailed insights, including neighborhood-level trends, additional localized information is available below. Your property's assessed value is determined by the county for property tax purposes and considers any applicable exemptions.
Property Tax Rates Across Weimar, Texas
Property taxes in Weimar, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weimar is 0.78%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Weimar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weimar 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 Weimar's effective property tax rate to other counties in Texas and the national median. For comparison, the 78962 zip code has the highest median property tax rate of 0.78%, while the 78962 zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Weimar 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 Weimar Tax Rate
0.78%
Average Fayette County Tax Rate
1.14%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weimar, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78962 | 0.21% | 0.44% | 0.78% | 1.12% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Weimar, Texas
In Weimar, 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 Weimar, 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 Weimar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 78962 has the highest and lowest median tax bill, both at $3081.
Average Weimar Assessed Value
$421,940
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 Weimar, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78962 | $68,332 | $229,690 | $421,940 | $774,500 | $1,298,326 |
Source: Ownwell
Property Tax Bills Across Weimar, Texas
In Weimar, located in Fayette County, TX, property tax bills are calculated based on the assessed value of your home. The tax bill is determined by multiplying the assessed value by the local tax rate. For example, if your home is assessed at the median home price of $421,940, and considering Fayette County's tax rates, your tax bill could fall within a range influenced by various factors. Factors that affect the property tax bill include the home's assessed value and the local tax rate. Homeowners in Weimar can expect tax bills ranging from the 25th percentile at $1,649 to the 75th percentile at $4,351, with the 90th percentile reaching up to $5,952. These figures indicate that property taxes in Weimar can significantly impact household budgets, especially when compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners in Weimar anticipate their annual property tax obligations and plan accordingly.
Average Weimar Tax Bill
$3,081
Average Fayette County Tax Bill
$2,303
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Weimar, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78962 | $576 | $1,649 | $3,081 | $4,351 | $5,952 |
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 |