Francitas, Texas Property Taxes
The median property tax rate in Francitas, TX is 0.73%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $200,000 in Francitas, the typical annual property tax bill is $2,084, falling below the national median of $2,690. Property taxes in Francitas are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Francitas'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 Francitas or another part of Jackson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Francitas, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,460
$1,355
Ownwell’s FRANCITAS Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in FRANCITAS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FRANCITAS to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan your finances accordingly. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county and is used for property tax calculations, including any applicable exemptions.
Property Tax Rates Across Francitas, Texas
Property taxes in Francitas, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Francitas is 0.73%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Francitas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Francitas 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 Francitas's effective property tax rate to other counties in Texas and the national median. For comparison, the 77961 zip code has the highest median property tax rate of 0.73%, while the 77961 zip code also has the lowest median tax rate of 0.73%. Understanding how these cities compare with Francitas provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Francitas Tax Rate
0.73%
Average Jackson County Tax Rate
1.26%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Francitas, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77961 | 0.26% | 0.59% | 0.73% | 0.91% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Francitas, Texas
In Francitas, 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 Jackson 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 Francitas, 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. For instance, the zip code 77961 has the highest median tax bill at $2,084, while the lowest median tax bill is also $2,084. 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 Francitas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Francitas Assessed Value
$200,000
Average Jackson County Assessed Value
$105,695
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Francitas, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77961 | $50,912 | $73,570 | $200,000 | $540,530 | $1,279,194 |
Source: Ownwell
Property Tax Bills Across Francitas, Texas
In Francitas, located in Jackson County, TX, property tax bills are determined based on the assessed value of the property. The local tax rate is applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $200,000, the tax bill for homeowners can vary significantly. At the 25th percentile, homeowners might pay around $968 annually, while those at the 75th percentile could see bills as high as $3,541. The 90th percentile tax bill reaches up to $3,778, indicating a substantial range depending on property value and specific assessments. Factors influencing the tax bill include the property's assessed value, which is determined by the county appraisal district, and the local tax rate set by various taxing authorities such as school districts and municipalities. Compared to the national median property tax rate of 0.99%, Francitas homeowners may experience different financial impacts based on these local assessments and rates. This variability underscores the importance of understanding local property tax dynamics to better manage and anticipate annual expenses.
Average Francitas Tax Bill
$2,084
Average Jackson County Tax Bill
$1,024
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Francitas, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77961 | $337 | $968 | $2,084 | $3,541 | $3,778 |
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 | |
|---|---|
| Jackson Appraisal District | |
| Website | jacksoncad.org |