Fruitvale, Texas Property Taxes
The median property tax rate in Fruitvale, TX is 0.51%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Fruitvale at $156,445, the typical annual property tax bill amounts to $578, well below the national median of $2,690. Property taxes in Fruitvale are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fruitvale'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 Fruitvale 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
Fruitvale, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$798
$738
$1,148
Average Fruitvale, Texas Tax Savings
Ownwell’s Fruitvale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fruitvale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fruitvale to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Fruitvale. 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 Fruitvale, Texas
Property taxes in Fruitvale, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fruitvale is 0.51%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Fruitvale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fruitvale 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 Fruitvale's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 75127 has the highest median property tax rate of 0.51%, while the same zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Fruitvale provides valuable insights into the varying tax landscape across Van Zandt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fruitvale Tax Rate
0.51%
Average Van Zandt County Tax Rate
0.90%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fruitvale, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75127 | 0.12% | 0.19% | 0.51% | 1.36% | 1.36% |
Source: Ownwell
$1,148
Average Fruitvale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Fruitvale, Texas
In Fruitvale, 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 Van Zandt 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 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 Fruitvale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Fruitvale, the highest median tax bill is $578 in zip code 75127, while the lowest median tax bill is also $578 in the same zip code.
Average Fruitvale Assessed Value
$156,445
Average Van Zandt County Assessed Value
$183,735
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fruitvale, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75127 | $29,695 | $69,770 | $156,445 | $240,658 | $411,342 |
Source: Ownwell
$1,148
Average Fruitvale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Fruitvale, Texas
In Fruitvale, Van Zandt County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of properties. Homeowners in Fruitvale face a range of property tax bills, with the 25th percentile at $248 and the 75th percentile at $1,517. The median home price in the area is $156,445, and the tax rate influences the final bill significantly. Factors such as property size, location, and market conditions all play a role in determining the assessed value. High property taxes can place a financial burden on homeowners, making it essential to ensure that their property is fairly assessed. Ownwell specializes in property tax appeal and exemption services, helping homeowners in Fruitvale potentially lower their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist in filing appeals to reduce overvaluations, ensuring homeowners pay only their fair share of property taxes.
Average Fruitvale Tax Bill
$578
Average Van Zandt County Tax Bill
$1,296
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fruitvale, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75127 | $115 | $248 | $578 | $1,517 | $2,629 |
Source: Ownwell
$1,148
Average Fruitvale Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 17 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Van Zandt Appraisal District | |
| Website | esearch.vzcad.org |
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