Fredericksburg, Texas Property Taxes
The median property tax rate in Fredericksburg, TX is 1.06%, 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 $410,920, the typical annual property tax bill in Fredericksburg reaches $4,091, surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Fredericksburg'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 Fredericksburg or another part of Gillespie County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fredericksburg, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$4,356
$4,042
Ownwell’s Fredericksburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fredericksburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fredericksburg 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 Fredericksburg, Texas
Property taxes in Fredericksburg, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fredericksburg is 1.06%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Fredericksburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fredericksburg 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 Fredericksburg's effective property tax rate to other counties in Texas and the national median. For comparison, the 78624 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Fredericksburg provides valuable insights into the varying tax landscape across Gillespie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fredericksburg Tax Rate
1.06%
Average Gillespie County Tax Rate
1.04%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fredericksburg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78624 | 0.83% | 0.95% | 1.06% | 1.06% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Fredericksburg, Texas
In Fredericksburg, 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 Gillespie 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 Fredericksburg, 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 Fredericksburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Fredericksburg, the highest and lowest median tax bills are both $4,091, with the zip code 78624.
Average Fredericksburg Assessed Value
$410,920
Average Gillespie County Assessed Value
$385,110
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fredericksburg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78624 | $68,170 | $211,320 | $410,920 | $599,780 | $942,506 |
Source: Ownwell
Property Tax Bills Across Fredericksburg, Texas
In Fredericksburg, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the Gillespie County appraisal district, which evaluates the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the tax bill include the property's market value, which in Fredericksburg has a median price of $410,920, and the specific tax rate applied by the local authorities. Homeowners in this city can expect tax bills to vary significantly. For example, the 25th percentile tax bill is $1,782, while the 75th percentile tax bill rises to $6,046. At the 90th percentile, the tax bill can reach as high as $9,017. Compared to the national median property tax rate of 0.99%, the tax bills in Fredericksburg reflect the local market conditions and the assessed values, impacting homeowners differently based on their property's valuation.
Average Fredericksburg Tax Bill
$4,091
Average Gillespie County Tax Bill
$3,700
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fredericksburg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78624 | $550 | $1,782 | $4,091 | $6,046 | $9,017 |
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 | |
|---|---|
| Gillespie Appraisal District | |
| Website | propaccess.trueautomation.com |