Fredonia, Texas Property Taxes
The median property tax rate in Fredonia, TX is 1.34%, 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 $164,119, the typical annual property tax bill in Fredonia amounts to $2,107, falling short of the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Fredonia's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're living in the heart of Fredonia or another part of Mason County, gaining insight into the local property tax system can be highly beneficial.
Last Updated June 14, 2024
Fredonia, 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 Fredonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fredonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fredonia 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 Fredonia, Texas
Property taxes in Fredonia, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fredonia is 1.34%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Fredonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fredonia 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 Fredonia's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 76842 has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Fredonia 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 Fredonia Tax Rate
1.34%
Average Mason County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fredonia, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76842 | 0.50% | 0.84% | 1.34% | 1.74% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Fredonia, Texas
In Fredonia, 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 Fredonia, 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 Fredonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Fredonia is $2107 in the 76842 zip code, which is also the lowest median tax bill.
Average Fredonia Assessed Value
$164,119
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 Fredonia, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76842 | $37,490 | $93,975 | $164,119 | $401,191 | $758,702 |
Source: Ownwell
Property Tax Bills Across Fredonia, Texas
In Fredonia, located in Mason County, TX, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the Mason County Appraisal District, which evaluates the market value of homes in the area. This value is then multiplied by the tax rate set by local taxing authorities to determine the annual property tax bill. For example, with a median home price of $164,119, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $971, while at the 75th percentile, it can rise to approximately $4,297. Those in the 90th percentile may see tax bills as high as $7,442. The highest median tax bill in the area is $2,107, found in the 76842 zip code. These property taxes significantly impact homeowners by influencing their overall cost of living and potentially affecting their ability to maintain or sell their homes. Comparing this to the national median property tax rate of 0.99%, Fredonia’s rates can vary widely, reflecting the diverse property values and tax assessments within the region.
Average Fredonia Tax Bill
$2,107
Average Mason County Tax Bill
$2,755
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fredonia, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76842 | $538 | $971 | $2,107 | $4,297 | $7,442 |
Source: Ownwell