Sweetwater, Fisher County, Texas Property Taxes

Local government entities set tax rates, which can vary widely within a state. Why? 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, this is the annual process in a nutshell. Below, you can compare Sweetwater’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

Sweetwater, located in Fisher County, Texas, boasts a median property tax rate of 0.68%, which is significantly lower than the national median of 1.02%. This lower rate can be appealing to property owners looking for affordability in their annual tax bills. Compared to the national median property tax bill of $2400, residents of Sweetwater may find themselves with more disposable income, making it an attractive option for those seeking to maximize their financial resources. While the tax rates in Texas can vary, Sweetwater provides a compelling case for property investment with its favorable tax structure.

In Sweetwater, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in Sweetwater is $117,790, and the tax rate is applied to this value to calculate the tax bill. Factors influencing the tax bill include the property's assessed value and the local tax rate, which can vary. Homeowners in Sweetwater face a range of tax bills, with the 25th percentile at $436 and the 90th percentile reaching $1,691. These figures highlight the variability in tax burdens depending on property assessments and rates.

Compared to the national median property tax rate of 1.02% and the median tax bill of $2,400, Sweetwater's property taxes are relatively lower. However, homeowners can still benefit from reducing their tax bills. Ownwell assists homeowners by offering property tax appeal and exemption services, potentially lowering their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell helps clients achieve fairer tax bills, ensuring they only pay what is necessary.