Farnsworth, Ochiltree County, Texas Property Taxes

Name: Property Tax Bills Across Farnsworth, Ochiltree County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Farnsworth, TX effective property tax rate: 1.99%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Farnsworth, TX home value: $55,603
Median annual Farnsworth, TX tax bill: $959, $1,441 lower than the national median property tax bill of $2,400.

How are property taxes in Ochiltree County calculated?

Property taxes in Farnsworth, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Farnsworth’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Farnsworth, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Farnsworth, Ochiltree County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.99%

Estimate Property Tax Bill

$1,106

$1,027

Ownwell’s Farnsworth Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Farnsworth with just two data points. By entering your property's estimated assessed value, our calculator applies Farnsworth’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Ochiltree County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Ochiltree County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Farnsworth, Ochiltree County, Texas

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Farnsworth’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

Farnsworth, located in Ochiltree County, has a median property tax rate of 1.99%, which stands significantly higher than the national median of 1.02%. This rate also mirrors the highest and lowest median tax rates within the area, both recorded at 1.99% in the 79033 zip code. Given the national median property tax bill is $2400, property owners in Farnsworth might find their tax obligations notably higher. Understanding these rates is crucial for property owners aiming to manage their financial responsibilities effectively.

Property Tax Rates Across Farnsworth, Ochiltree County, Texas

Source: Ownwell

1.14%

1.57%

1.99%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Farnsworth Tax Rate

1.99%

Median Effective Ochiltree County Tax Rate

1.91%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Farnsworth, Ochiltree County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79033	1.03%	1.32%	1.99%	2.05%	2.05%

Source: Ownwell

Property Tax Assessment Values Across Farnsworth, Ochiltree County, Texas

When examining property taxes in Farnsworth, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Ochiltree County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Ochiltree County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Farnsworth. For example, the median home price in Farnsworth is $55,603, with tax bills ranging significantly across the county. 79033 has the highest median home price at $55,603.

Property Tax Assessment Values Across Farnsworth, Ochiltree County, Texas

Source: Ownwell

$36,772

$95,086

$153,399

Median Farnsworth Market Value

$55,603

Median Ochiltree County Market Value

$77,932

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Farnsworth, Ochiltree County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79033	$4,485	$12,582	$55,603	$123,679	$147,900

Source: Ownwell

Property Tax Bills Across Farnsworth, Ochiltree County, Texas

In Farnsworth, located in Ochiltree County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $55,603, homeowners in Farnsworth can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $239, while the 75th percentile tax bill rises to $1,694, and the 90th percentile reaches $2,250. While these figures reflect a range of tax burdens, the median tax bill in Farnsworth is $959, which is below the national median property tax bill of $2,400. Such disparities highlight the importance of understanding local property tax assessments and rates. Homeowners can benefit from Ownwell's expertise in navigating these complexities. By offering property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills, ensuring they only pay what is fair based on accurate property assessments. Through strategic appeals, homeowners can achieve significant savings and better manage their annual property tax expenses.

Property Tax Bills Across Farnsworth, Ochiltree County, Texas

Source: Ownwell

$418

$1,052

$1,685

Median Farnsworth Tax Bill

$959

Median Ochiltree County Tax Bill

$1,480

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Farnsworth, Ochiltree County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79033	$79	$239	$959	$1,694	$2,250

Source: Ownwell