Freestone County Property Taxes
The median property tax rate in Freestone County is 1.02%, which, although slightly higher than the national median of 0.99%, is still lower than the Texas state median of 1.67%. With the median home value in Freestone County at $117,090, the typical annual property tax bill is approximately $1,013, well below the national median of $2,690. Property taxes in Freestone County are calculated based on the assessed value, which typically falls below the actual market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Freestone County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Fairfield or another part of Freestone County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Freestone County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,194
$1,108
Ownwell’s Freestone County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Freestone County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Freestone County to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Freestone County, Texas
Property taxes in Freestone County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Freestone County is 1.02%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Freestone County set these rates annually, and they can vary significantly between different areas within the county. Each year, Freestone County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Wortham has one of the higher property tax rates in Texas at 1.10%, while the city of Kirvin boasts one of the lowest at 0.79%. Analyzing how Freestone County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Freestone County Tax Rate
1.02%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Freestone County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buffalo | N/A | N/A | N/A | N/A | N/A |
| Donie | 0.14% | 0.40% | 0.82% | 1.15% | 1.24% |
| Fairfield | 0.31% | 0.66% | 1.09% | 1.39% | 1.70% |
| Kirvin | 0.14% | 0.35% | 0.79% | 1.12% | 1.15% |
| Mexia | N/A | N/A | N/A | N/A | N/A |
| Oakwood | N/A | N/A | N/A | N/A | N/A |
| Streetman | 0.22% | 0.56% | 1.05% | 1.31% | 1.57% |
| Teague | 0.29% | 0.59% | 1.06% | 1.54% | 1.81% |
| Wortham | 0.29% | 0.55% | 1.10% | 1.70% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Freestone County, Texas
In Freestone County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Freestone County Appraisal District. The assessed value, however, 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. Assessment notices in Freestone County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, in Freestone County, the highest median tax bill is in Streetman at $1,337, while the lowest is in Kirvin at $691. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Freestone County Assessed Value
$117,090
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Freestone County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buffalo | N/A | N/A | N/A | N/A | N/A |
| Donie | $15,296 | $56,525 | $139,388 | $262,861 | $432,927 |
| Fairfield | $15,506 | $57,686 | $125,635 | $219,469 | $383,999 |
| Kirvin | $19,711 | $31,222 | $97,560 | $197,486 | $389,014 |
| Mexia | N/A | N/A | N/A | N/A | N/A |
| Oakwood | N/A | N/A | N/A | N/A | N/A |
| Streetman | $20,460 | $63,953 | $147,682 | $393,680 | $780,046 |
| Teague | $10,575 | $38,662 | $96,597 | $186,380 | $355,052 |
| Wortham | $11,501 | $46,438 | $98,414 | $167,784 | $338,434 |
Source: Ownwell
Property Tax Bills Across Freestone County, Texas
In Freestone County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the county is $117,090. Homeowners' tax bills can vary significantly, with the 25th percentile tax bill at $333 and the 75th percentile at $2,144, reflecting the range of property values and tax rates within the county. The 90th percentile tax bill reaches up to $3,763, indicating higher-valued properties or higher tax rates in certain areas. Several factors influence the tax bill, including the assessed value of the property, exemptions, and the specific tax rate set by local taxing authorities. For instance, in Freestone County, the city with the highest median tax bill is Streetman at $1,337, while Kirvin has the lowest at $691. These variations can significantly impact homeowners, affecting their annual expenses and potentially influencing decisions about buying or selling property. The local tax rate and assessed value together determine how much homeowners need to budget for their property taxes each year.
Average Freestone County Tax Bill
$1,013
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Freestone County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buffalo | N/A | N/A | N/A | N/A | N/A |
| Donie | $85 | $260 | $884 | $2,008 | $2,992 |
| Fairfield | $107 | $422 | $1,234 | $2,306 | $3,765 |
| Kirvin | $49 | $324 | $691 | $974 | $1,535 |
| Mexia | N/A | N/A | N/A | N/A | N/A |
| Oakwood | N/A | N/A | N/A | N/A | N/A |
| Streetman | $102 | $421 | $1,337 | $3,631 | $8,120 |
| Teague | $75 | $264 | $884 | $1,839 | $3,291 |
| Wortham | $109 | $336 | $902 | $1,712 | $2,882 |
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 | |
|---|---|
| Freestone Appraisal District | |
| Website | propertysearch.freestonecad.org |