Fentress, Texas Property Taxes
The median property tax rate in Fentress, TX is 1.66%, which is considerably higher than the national median of 0.99% and slightly below the Texas state median of 1.67%. With the median home value in Fentress, the typical annual property tax bill reaches $1,017, which is lower than the national median of $2,690. Property taxes in Fentress are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Fentress'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 Fentress 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
Fentress, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$1,016
$943
$1,148
Average Tax Savings
Ownwell’s Fentress Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fentress with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fentress 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 Fentress. 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 Fentress, Texas
Property taxes in Fentress, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fentress is 1.66%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Fentress set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fentress 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. Understanding how these cities compare with Fentress provides valuable insights into the varying tax landscape across Caldwell, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fentress Tax Rate
1.66%
Average Guadalupe County Tax Rate
1.69%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fentress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78622 | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% |
Source: Ownwell
$1,148
Average Fentress Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Fentress, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fentress, Texas. 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 Guadalupe 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 Fentress, 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 median home price here is $61,189, with tax bills ranging from $1,017 at the 25th percentile to $1,017 at the 90th percentile. The highest and lowest median tax bills both stand at $1,017, specifically in the 78622 zip code. Being aware of these valuation processes in Fentress helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fentress Assessed Value
$61,189
Average Guadalupe County Assessed Value
$288,797
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fentress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78622 | $61,189 | $61,189 | $61,189 | $61,189 | $61,189 |
Source: Ownwell
$1,148
Average Fentress Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Fentress, Texas
In Fentress, located in Guadalupe County, TX, property tax bills are calculated based on the assessed value of a home. With a median home price of $61,189, the assessed value plays a crucial role in determining the tax bill. The local tax rate is applied to this assessed value to calculate the annual property tax. Homeowners in Fentress face a median tax bill of $1,017, which is significantly higher than the national median property tax rate of 0.99%. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially lower their assessed values, resulting in reduced tax bills. Ownwell’s dedicated consultants review property assessments, identify discrepancies, and file appeals on behalf of homeowners. This comprehensive approach ensures that homeowners in Fentress pay only their fair share of property taxes, leading to substantial savings.
Average Fentress Tax Bill
$1,017
Average Guadalupe County Tax Bill
$4,783
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fentress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78622 | $1,017 | $1,017 | $1,017 | $1,017 | $1,017 |
Source: Ownwell
$1,148
Average Fentress 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 | |
|---|---|
| Guadalupe Appraisal District | |
| Website | esearch.guadalupead.org |
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