Fredericksburg, Texas Property Taxes
The median property tax rate in Fredericksburg, TX is 0.66%, which is considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $254,625 in Fredericksburg, the typical annual property tax bill is $1,920, significantly below the national median of $2,690. Property taxes in Fredericksburg are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Fredericksburg'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 Fredericksburg 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
Fredericksburg, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,681
$1,559
$1,148
Average Tax Savings
Ownwell’s Fredericksburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fredericksburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fredericksburg 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 Fredericksburg. 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 Fredericksburg, Texas
Property taxes in Fredericksburg, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fredericksburg is 0.66%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Fredericksburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fredericksburg 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 Fredericksburg's effective property tax rate to other counties in Texas and the national median. For comparison, the 78624 zip code has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Fredericksburg provides valuable insights into the varying tax landscape across Gillespie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fredericksburg Tax Rate
0.66%
Average Llano County Tax Rate
1.32%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fredericksburg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78624 | 0.44% | 0.47% | 0.66% | 0.89% | 0.96% |
Source: Ownwell
$1,148
Average Fredericksburg Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Fredericksburg, Texas
In Fredericksburg, 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 Llano 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 Fredericksburg, 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 median home price in Fredericksburg is $254,625. Understanding these valuation concepts helps property owners navigate their tax responsibilities and comprehend how their property taxes are determined. For example, the zip code 78624 has a median tax bill of $1,920. By being aware of these processes, homeowners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Fredericksburg, Texas
Source: Ownwell
$118,905
$832,477
$1,546,048
Average Fredericksburg Assessed Value
$254,625
Average Llano County Assessed Value
$250,390
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fredericksburg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78624 | $62,825 | $103,842 | $254,625 | $417,568 | $480,473 |
Source: Ownwell
$1,148
Average Fredericksburg Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Fredericksburg, Texas
In Fredericksburg, TX, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $254,625. Factors such as property improvements, location, and market conditions influence the assessed value. Homeowners in Fredericksburg can expect to pay a median property tax bill of $1,920 annually, which is significantly lower than the national median property tax rate of 0.99%. The tax bills range widely, with the 25th percentile at $492 and the 90th percentile reaching up to $4,682. High property taxes can be a financial burden, but Ownwell offers property tax appeal and exemption services to help homeowners reduce their tax bills. By leveraging local market data and expertise, Ownwell identifies potential savings and assists in filing appeals, ensuring homeowners pay only their fair share. This can result in significant savings, making homeownership more affordable and less stressful.
Average Fredericksburg Tax Bill
$1,920
Average Llano County Tax Bill
$2,837
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fredericksburg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78624 | $287 | $492 | $1,920 | $3,752 | $4,682 |
Source: Ownwell
$1,148
Average Fredericksburg 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 | |
|---|---|
| Llano Appraisal District | |
| Website | esearch.llanocad.net |
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