Fate, Texas Property Taxes
The median property tax rate in Fate, TX is 1.75%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Fate, the typical annual property tax bill reaches $10,919, exceeding the national median of $2,690. Property taxes in Fate are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fate'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 Fate 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
Fate, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Fate, Texas Tax Savings
Ownwell’s Fate Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fate with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fate 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 Fate. 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 Fate, Texas
Property taxes in Fate, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fate is 1.75%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Fate set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fate 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 Fate's effective property tax rate to other counties in Texas and the national median. For comparison, the 75189 zip code has the highest median property tax rate of 1.75%, while the 75189 zip code has the lowest median tax rate of 1.75%. Understanding how these cities compare with Fate provides valuable insights into the varying tax landscape across Hunt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fate Tax Rate
1.75%
Average Hunt County Tax Rate
1.69%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fate, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75189 | 1.25% | 1.44% | 1.75% | 2.06% | 2.25% |
Source: Ownwell
$1,148
Average Fate Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Fate, Texas
In Fate, 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 Hunt 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 Fate, 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 Fate helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Fate are both $10,919, found in the 75189 zip code.
Average Fate Assessed Value
$744,480
Average Hunt County Assessed Value
$198,210
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fate, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75189 | $474,112 | $575,500 | $744,480 | $913,460 | $1,014,848 |
Source: Ownwell
$1,148
Average Fate Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Fate, Texas
In Fate, Hunt County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county appraisal district and is meant to reflect the market value of your property. For example, the median home price in Fate is $744,480. With property tax rates, homeowners in the 25th percentile can expect a tax bill around $10,277, while those in the 75th percentile might see bills closer to $11,562. The highest median tax bill in the area is $10,919, found in the zip code 75189, which is notably higher than the national median property tax rate of 0.99%. Homeowners in Fate can significantly benefit from Ownwell’s property tax appeal and exemption services. By leveraging expert knowledge and data-driven insights, Ownwell helps ensure that your property is fairly assessed, potentially lowering your tax bill. This can result in substantial savings, easing the financial burden on homeowners and making property ownership more affordable.
Average Fate Tax Bill
$10,919
Average Hunt County Tax Bill
$3,228
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fate, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75189 | $9,891 | $10,277 | $10,919 | $11,562 | $11,948 |
Source: Ownwell
$1,148
Average Fate 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 | |
|---|---|
| Hunt Appraisal District | |
| Website | esearch.hunt-cad.org |
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