Thompsons, Texas Property Taxes
The median property tax rate in Thompsons, TX is 1.17%, 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 $91,588 in Thompsons, the typical annual property tax bill is $853, which is significantly below the national median of $2,690. Property taxes in Thompsons are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Thompsons' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Thompsons 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
Thompsons, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,072
$994
$1,148
Average Tax Savings
Ownwell’s Thompsons Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Thompsons with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Thompsons to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Thompsons. 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 Thompsons, Texas
Property taxes in Thompsons, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Thompsons is 1.17%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Thompsons set these rates annually, and they can vary significantly across different neighborhoods. Each year, Thompsons 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 Thompsons's effective property tax rate to other counties in Texas and the national median. For comparison, the 77481 ZIP code has the highest median property tax rate of 1.17%, while the 77481 ZIP code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Thompsons provides valuable insights into the varying tax landscape across Fort Bend County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Thompsons Tax Rate
1.17%
Average Fort Bend County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Thompsons, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77481 | 0.26% | 0.48% | 1.17% | 1.69% | 1.69% |
Source: Ownwell
$1,148
Average Thompsons Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Thompsons, Texas
In Thompsons, 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 Fort Bend 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 Thompsons, 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 Thompsons helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $91,588, with tax bills ranging from $275 at the 25th percentile to $4,380 at the 90th percentile. The highest and lowest median tax bills are both $853 in the 77481 zip code.
Average Thompsons Assessed Value
$91,588
Average Fort Bend County Assessed Value
$370,984
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Thompsons, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77481 | $12,798 | $24,290 | $91,588 | $200,199 | $331,525 |
Source: Ownwell
$1,148
Average Thompsons Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Thompsons, Texas
In Thompsons, Fort Bend County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Thompsons is $91,588. Tax bills vary significantly, with the 25th percentile at $275 and the 75th percentile reaching $1,813. The 90th percentile can see tax bills as high as $4,380. Factors such as property location, improvements, and market conditions influence the assessed value, which in turn affects your tax bill. Homeowners often find these taxes burdensome, but Ownwell can help. By leveraging our expertise in property tax appeals and exemptions, we can identify potential reductions in your assessed value, ensuring you pay only your fair share. Our services are designed to save you money, providing peace of mind and financial relief. Let Ownwell assist you in navigating the complexities of property tax bills, potentially saving you hundreds or even thousands of dollars annually.
Average Thompsons Tax Bill
$853
Average Fort Bend County Tax Bill
$6,331
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Thompsons, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77481 | $81 | $275 | $853 | $1,813 | $4,380 |
Source: Ownwell
$1,148
Average Thompsons Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Fort Bend Appraisal District | |
| Phone | (281) 344-8623 |
| Website | esearch.fbcad.org |
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