Fowlerton, Texas Property Taxes
The median property tax rate in Fowlerton, TX is 0.49%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Fowlerton at $30,926, the typical annual property tax bill is $178, far below the national median of $2,690. Property taxes in Fowlerton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fowlerton'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 Fowlerton 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
Fowlerton, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$152
$141
Ownwell’s Fowlerton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fowlerton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fowlerton 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 Fowlerton, Texas
Property taxes in Fowlerton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fowlerton is 0.49%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Fowlerton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fowlerton 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 Fowlerton's effective property tax rate to other counties in Texas and the national median. For comparison, the 78021 zip code has the highest median property tax rate of 0.49%, while the 78021 zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with Fowlerton provides valuable insights into the varying tax landscape across McMullen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fowlerton Tax Rate
0.49%
Average Mcmullen County Tax Rate
1.12%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fowlerton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78021 | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Fowlerton, Texas
In Fowlerton, 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 McMullen 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 Fowlerton, 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 Fowlerton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Fowlerton is $30,926, with the highest and lowest median tax bills both being $178 in zip code 78021.
Average Fowlerton Assessed Value
$30,926
Average Mcmullen County Assessed Value
$44,782
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fowlerton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78021 | $26,661 | $28,260 | $30,926 | $33,591 | $35,190 |
Source: Ownwell
Property Tax Bills Across Fowlerton, Texas
Property tax bills in Fowlerton, situated in McMullen County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates properties to establish their market worth. Homeowners in Fowlerton see a median home price of $30,926. The local tax rate is then applied to this assessed value to compute the annual tax bill. In Fowlerton, the median property tax bill is $178, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax bill can be attributed to the lower median home prices in the area. All properties in the 78021 zip code, regardless of their value, share a consistent median tax bill, reflecting a uniform rate across the board. For homeowners, this means predictable and manageable tax expenses, making Fowlerton an appealing location for property investment and homeownership.
Average Fowlerton Tax Bill
$178
Average Mcmullen County Tax Bill
$465
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fowlerton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78021 | $178 | $178 | $178 | $178 | $178 |
Source: Ownwell