Frost, Texas Property Taxes
The median property tax rate in Frost, TX is 0.99%, aligning with the national median of 0.99% but significantly lower than the Texas state median of 1.67%. With the median home value in Frost at $116,830, the typical annual property tax bill amounts to $1,006, which is below the national median of $2,690. Property taxes in Frost are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Frost'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 Frost or another part of Navarro County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Frost, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,157
$1,070
Ownwell’s Frost Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Frost with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Frost 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 Frost, Texas
Property taxes in Frost, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Frost is 2.06%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Frost set these rates annually, and they can vary significantly across different neighborhoods. Each year, Frost 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 Frost's effective property tax rate to other counties in Texas and the national median. For comparison, the 77571 zip code has the highest median property tax rate of 2.51%, while the 79756 zip code has the lowest median tax rate of 0.31%. Understanding how these cities compare with Frost provides valuable insights into the varying tax landscape across Navarro County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Frost Tax Rate
0.99%
Average Navarro County Tax Rate
1.05%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Frost, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76641 | 0.25% | 0.57% | 0.99% | 1.36% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Frost, Texas
In Frost, 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 Navarro 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 Frost, 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 Frost helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in the area is $1006 in the 76641 zip code, while the lowest median tax bill is also $1006 in the same zip code.
Average Frost Assessed Value
$116,830
Average Navarro County Assessed Value
$152,655
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Frost, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76641 | $20,060 | $53,715 | $116,830 | $225,925 | $408,215 |
Source: Ownwell
Property Tax Bills Across Frost, Texas
In Frost, located in Navarro County, TX, property tax bills are determined through a specific calculation process. The tax bill is based on the assessed value of a property, which is derived from its market value. Local tax authorities assess this value annually to ensure it reflects current market conditions. The assessed value is then multiplied by the local tax rate to calculate the tax bill. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions or deductions. For example, the median home price in Frost is $116,830. Homeowners in the 25th percentile of tax bills pay around $331, while those in the 75th percentile pay approximately $2,073. The 90th percentile sees tax bills as high as $3,474. These property taxes significantly impact homeowners, affecting their annual expenses and overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Frost's tax rates can vary widely, influencing the financial burden on residents.
Average Frost Tax Bill
$1,006
Average Navarro County Tax Bill
$1,415
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Frost, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76641 | $136 | $331 | $1,006 | $2,073 | $3,474 |
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 | |
|---|---|
| Navarro Appraisal District | |
| Website | esearch.navarrocad.com |