Frankston, Texas Property Taxes
The median property tax rate in Frankston, TX is 1.25%, higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $104,345, the typical annual property tax bill in Frankston is $885, which is significantly below the national median of $2,690. Property taxes in Frankston are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural use. Understanding Frankston'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 Frankston 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
Frankston, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$1,304
$1,207
Ownwell’s FRANKSTON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FRANKSTON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FRANKSTON 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 Frankston, Texas
Property taxes in Frankston, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Frankston is 1.25%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Frankston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Frankston 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 Frankston's effective property tax rate to other counties in Texas and the national median. For comparison, the 75763 zip code has the highest median property tax rate of 1.25%, while the 75763 zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Frankston provides valuable insights into the varying tax landscape across Henderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Frankston Tax Rate
1.25%
Average Henderson County Tax Rate
1.40%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Frankston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75763 | 0.21% | 0.55% | 1.25% | 1.73% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Frankston, Texas
In FRANKSTON, 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 Henderson 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 FRANKSTON, 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 FRANKSTON helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 75763 has the highest median tax bill of $885, while the lowest median tax bill is also found in the same zip code.
Average Frankston Assessed Value
$104,345
Average Henderson County Assessed Value
$139,776
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Frankston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75763 | $4,961 | $25,000 | $104,345 | $291,474 | $493,391 |
Source: Ownwell
Property Tax Bills Across Frankston, Texas
In Frankston, located in Henderson County, TX, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. The assessed value is derived from the market value of the home, with the median home price in Frankston being $104,345. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Frankston can expect a wide range in their property tax bills. For instance, the 25th percentile tax bill is around $194, while those in the 75th percentile pay approximately $2,702. The top 10% of homeowners face tax bills as high as $6,046. The median tax bill for the area is $885, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Frankston Tax Bill
$885
Average Henderson County Tax Bill
$1,470
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Frankston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75763 | $56 | $194 | $885 | $2,702 | $6,046 |
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 | |
|---|---|
| Henderson Appraisal District | |
| Website | esearch.henderson-cad.org |