Fredericksburg, Texas Property Taxes
The median property tax rate in Fredericksburg, TX is 1.27%, which is higher than the national median of 0.99% but lower than Texas's state median of 1.67%. With a median home value of $217,250 in Fredericksburg, the typical annual property tax bill amounts to $2,756, surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to 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, grasping 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
1.27%
Estimate Property Tax Bill
$2,759
$2,560
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 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 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 1.27%, higher than both the Texas state median of 1.81% 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 1.27%, while the 78624 zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Fredericksburg provides valuable insights into the varying tax landscape across Mason County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fredericksburg Tax Rate
1.27%
Average Mason County Tax Rate
1.43%
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 | 1.19% | 1.22% | 1.27% | 1.51% | 1.65% |
Source: 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 Mason 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. The median home price in Fredericksburg is $217,250, with the 25th percentile tax bill at $2,006 and the 75th percentile at $4,855. The highest and lowest median tax bills are both $2,756 in zip code 78624. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fredericksburg Assessed Value
$217,250
Average Mason County Assessed Value
$221,377
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 | $129,214 | $162,228 | $217,250 | $307,905 | $362,298 |
Source: Ownwell
Property Tax Bills Across Fredericksburg, Texas
In Fredericksburg, located in Mason County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Fredericksburg, the median home price is $217,250. Property tax bills can vary significantly, with the 25th percentile tax bill at $2,006 and the 75th percentile reaching $4,855. At the 90th percentile, homeowners might see tax bills as high as $6,114. These variations are influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Fredericksburg's property tax bills reflect the local economic conditions and property values. Understanding these factors helps homeowners anticipate their annual expenses and manage their budgets effectively.
Average Fredericksburg Tax Bill
$2,756
Average Mason County Tax Bill
$2,755
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 | $1,555 | $2,006 | $2,756 | $4,855 | $6,114 |
Source: Ownwell