Sylvester, Texas Property Taxes
The median property tax rate in Sylvester, TX is 1.23%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Sylvester at $51,570, the typical annual property tax bill is approximately $520, well below the national median of $2,690. Property taxes in Sylvester are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Sylvester'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 Sylvester or another part of Fisher County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sylvester, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$634
$587
Ownwell’s Sylvester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sylvester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sylvester 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 Sylvester, Texas
Property taxes in Sylvester, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sylvester is 1.23%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Sylvester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sylvester 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 Sylvester's effective property tax rate to other counties in Texas and the national median. For comparison, the 79560 zip code has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Sylvester provides valuable insights into the varying tax landscape across Fisher County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sylvester Tax Rate
1.23%
Average Fisher County Tax Rate
1.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sylvester, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79560 | 0.52% | 0.75% | 1.23% | 1.68% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Sylvester, Texas
In Sylvester, 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 Fisher 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 Sylvester, 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 Sylvester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 79560 has both the highest and lowest median tax bill at $520, highlighting the variability in property tax burdens within the region.
Average Sylvester Assessed Value
$51,570
Average Fisher County Assessed Value
$68,150
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sylvester, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79560 | $6,344 | $20,790 | $51,570 | $121,530 | $152,386 |
Source: Ownwell
Property Tax Bills Across Sylvester, Texas
In Sylvester, TX, property tax bills are determined based on the assessed value of a home, which is derived from the market value. The local tax rate is then applied to this assessed value to calculate the tax bill. For instance, with a median home price of $51,570, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $203, while those in the 75th percentile face a tax bill of about $1,221. The tax bill can be as high as $2,278 for the 90th percentile. The highest and lowest median tax bills in the area are both $520, reflecting the uniformity in certain neighborhoods. Compared to the national median property tax rate of 0.99%, Sylvester's rates can be relatively modest, but they still have a noticeable impact on homeowners' budgets. Understanding these factors helps residents anticipate their annual property tax obligations and manage their finances more effectively.
Average Sylvester Tax Bill
$520
Average Fisher County Tax Bill
$753
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Sylvester, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79560 | $47 | $203 | $520 | $1,221 | $2,278 |
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 | |
|---|---|
| Fisher Appraisal District | |
| Website | esearch.fishercad.org |