Forsan, Texas Property Taxes
The median property tax rate in Forsan, TX is 1.45%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $68,172 in Forsan, the typical annual property tax bill amounts to $852, which is below the national median of $2,690. Property taxes in Forsan 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 land. Understanding Forsan'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 Forsan or another part of Howard County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Forsan, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Forsan Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Forsan with just two simple data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Forsan to provide an accurate estimate of your property tax bill. This easy-to-use tool helps you understand your potential tax liabilities, making it easier to plan your finances. For those interested in more detailed insights, you can scroll down to explore trends at the neighborhood level. Your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring your tax calculation is as precise as possible.
Property Tax Rates Across Forsan, Texas
Property taxes in Forsan, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Forsan is 1.45%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Forsan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Forsan 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 Forsan's effective property tax rate to other counties in Texas and the national median. For comparison, the 79733 zip code has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with Forsan provides valuable insights into the varying tax landscape across Howard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Forsan Tax Rate
1.45%
Average Howard County Tax Rate
1.56%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Forsan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79733 | 0.87% | 1.29% | 1.45% | 1.45% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Forsan, Texas
In Forsan, 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 Howard 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 Forsan, 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 Forsan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Forsan is $852 in the 79733 zip code, while the lowest median tax bill is also $852 in the same zip code.
Average Forsan Assessed Value
$68,172
Average Howard County Assessed Value
$107,910
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Forsan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79733 | $16,056 | $34,088 | $68,172 | $121,496 | $163,663 |
Source: Ownwell
Property Tax Bills Across Forsan, Texas
In Forsan, Howard County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local appraisal district and reflects the market value of the property. Homeowners in Forsan face a median property tax rate that is influenced by the local tax rate and the assessed value of their property. For example, the median home price in Forsan is $68,172, resulting in varying tax bills across the spectrum. The tax bill at the 25th percentile is approximately $437, while at the 75th percentile, it rises to $1,459. For those at the 90th percentile, the tax bill can reach up to $2,088. These figures illustrate how property taxes can significantly impact homeowners, depending on the assessed value of their homes. Compared to the national median property tax rate of 0.99%, Forsan's tax bills may seem moderate, but they still represent a substantial expense for property owners. Understanding these factors can help homeowners anticipate and manage their property tax obligations effectively.
Average Forsan Tax Bill
$852
Average Howard County Tax Bill
$1,431
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Forsan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79733 | $182 | $437 | $852 | $1,459 | $2,088 |
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 | |
|---|---|
| Howard Appraisal District | |
| Website | esearch.howardcad.org |