Falcon Hts, Texas Property Taxes
The median property tax rate in Falcon Heights, TX is 0.66%, which is notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $79,250 in Falcon Heights, the typical annual property tax bill amounts to $525, significantly less than the national median of $2,690. Property taxes in Falcon Heights are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including those for primary residences and agricultural use. Familiarizing oneself with Falcon Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether residing in Falcon Heights or investing in local real estate, understanding the local property tax system is crucial for homeowners and investors alike.
Last Updated June 14, 2024
Falcon Hts, 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 Falcon Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Falcon Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Falcon Heights 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 Falcon Hts, Texas
Property taxes in Falcon Heights, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Falcon Heights is 1.38%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Falcon Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Falcon Heights 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 Falcon Heights' effective property tax rate to other counties in Texas and the national median. For comparison, the 78545 zip code has the highest median property tax rate of 1.38%, while the 78545 zip code has the lowest median tax rate of 1.38%. Understanding how these cities compare with Falcon Heights provides valuable insights into the varying tax landscape across Starr County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Falcon Hts Tax Rate
0.66%
Average Starr County Tax Rate
0.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Falcon Hts, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78545 | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Falcon Hts, Texas
In Falcon Heights, 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 Starr 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. Assessment notices in Falcon Heights 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 Falcon Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Falcon Heights, the zip code 78545 has both the highest and lowest median tax bills, each at $525.
Average Falcon Hts Assessed Value
$79,250
Average Starr County Assessed Value
$59,860
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Falcon Hts, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78545 | $79,250 | $79,250 | $79,250 | $79,250 | $79,250 |
Source: Ownwell
Property Tax Bills Across Falcon Hts, Texas
In Falcon Heights, Starr County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. For instance, with a median home price of $79,250, the tax bill for many homeowners in Falcon Heights typically stands at $525. This figure is consistent across different percentiles, indicating a uniform tax rate within the area. Key factors influencing the tax bill include the property's assessed value and the local tax rate. The tax rate in Falcon Heights is relatively high compared to the national median property tax rate of 0.99%. This means that homeowners in this region may face higher property tax bills relative to other areas in the country. For homeowners, understanding these factors is crucial as property taxes are a significant annual expense. Staying informed about potential changes in property values and tax rates can help homeowners better manage their budgets and plan for the future.
Average Falcon Hts Tax Bill
$525
Average Starr County Tax Bill
$430
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Falcon Hts, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78545 | $525 | $525 | $525 | $525 | $525 |
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 | |
|---|---|
| Starr Appraisal District | |
| Website | propaccess.trueautomation.com |