Fairfield, Freestone County, Texas Property Taxes

Local government entities in Texas, such as Freestone County, set property tax rates, which can vary significantly across the state. This variation arises because each county annually estimates its budgetary needs to provide essential services. They then divide this budget by the total assessed value of all taxable property within the county, resulting in the property tax rate. Although laws and votes play a role in setting these rates, this calculation forms the core of the annual process.

In Fairfield, located in Freestone County, the effective property tax rate stands at 1.09%. This rate is consistent across the region, as it matches both the highest and lowest median tax rates within the same zip code. Comparatively, the median property tax rate in Texas is slightly above the national median rate of 1.02%. Understanding these rates helps property owners in Fairfield make informed decisions about their tax liabilities. With property taxes being a significant expense, knowing how local rates compare to state and national averages is crucial for financial planning.

In Fairfield, located in Freestone County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price here is $125,635, and the tax bills can vary significantly. For instance, the 25th percentile tax bill is $422, while the 75th percentile reaches $2,306, and the 90th percentile goes up to $3,765. The median tax bill in the area is $1,234, which is below the national median of $2,400.

Homeowners in Fairfield may find their tax bills influenced by factors such as property improvements or changes in market value. Ownwell can assist homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expertise in local property tax regulations, Ownwell helps ensure homeowners are not overpaying. This service can be particularly beneficial for those facing higher tax bills, providing relief and potential savings.