Wallis, Texas Property Taxes
The median property tax rate in Wallis, TX is 0.55%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $200,805 in Wallis, the typical annual property tax bill amounts to $944, which is well below the national median of $2,690. Property taxes in Wallis are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wallis'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 Wallis or another part of Fort Bend County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wallis, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,104
$1,025
$1,148
Average Tax Savings
Ownwell’s Wallis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wallis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wallis 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 Wallis. 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 Wallis, Texas
Property taxes in Wallis, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wallis is 0.55%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Wallis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wallis 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 Wallis's effective property tax rate to other counties in Texas and the national median. For comparison, the 77485 zip code has the highest median property tax rate of 0.55%, while the same zip code also has the lowest median tax rate of 0.55%. Understanding how these cities compare with Wallis 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 Wallis Tax Rate
0.55%
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 Wallis, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77485 | 0.16% | 0.32% | 0.55% | 1.30% | 1.61% |
Source: Ownwell
$1,148
Average Wallis Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Wallis, Texas
In Wallis, 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 Wallis, 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. For instance, the zip code 77485 has both the highest and lowest median tax bill at $944. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wallis Assessed Value
$200,805
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 Wallis, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77485 | $33,838 | $72,530 | $200,805 | $386,688 | $532,205 |
Source: Ownwell
$1,148
Average Wallis Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Wallis, Texas
In Wallis, located in Fort Bend County, TX, property tax bills are calculated based on the assessed value of the property. This assessed value is determined by the county appraisal district and reflects the market value of the home. The tax rate is then applied to this assessed value to determine the annual property tax bill. For instance, with a median home price of $200,805, homeowners can expect varying tax bills depending on their property's specific assessed value and local tax rates. Homeowners in Wallis face property tax bills ranging from the 25th percentile at $317 to the 90th percentile at $6,233, with the highest median tax bill in the area being $944. These taxes can significantly impact a homeowner's budget, making it crucial to ensure that the assessed value is accurate. Ownwell offers expert property tax appeal and exemption services, helping homeowners challenge over-assessments and secure exemptions. By leveraging Ownwell's expertise, homeowners can potentially reduce their property tax bills, ensuring they only pay their fair share.
Average Wallis Tax Bill
$944
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 Wallis, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77485 | $96 | $317 | $944 | $3,420 | $6,233 |
Source: Ownwell
$1,148
Average Wallis 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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