Ferris, Texas Property Taxes
Real Estate Values and Property Tax Valuation in Ferris, Texas
The city of Ferris, Texas has a total of 2,780 properties with a cumulative value of $361.8M. This accounts for 2.42% of all real estate value in Ellis County. Property taxes in Ferris are collected on these properties, totaling $5.6M. The average Ferris homeowner pays $2,034 in property taxes, which is lower than the county average of $4,198. The average property tax rate in Ferris is 1.56%, while the county average is 1.78%. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
The property tax timeline in Texas begins on January 1st, when the property valuation date is set. Property value notices are issued between April and May, and the property tax appeal deadline is May 15th or 30 days after the notices are issued. The real property tax bill is due on January 31st for the preceding year's gross tax bills.
Updated November 01, 2023
| Important Links | |
|---|---|
| Ellis Clerk | (972) 825-5070 |
| TexasFile Clerk Records | - |
| Ellis Assessor | (580) 885-7975 |
| Ellis Register of Deeds | (785) 628-9450 |
| Important Dates | |
|---|---|
| Real Property Tax Bill Due (1st of #): | January 31st, Gross tax bills for preceding year |
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - May |
| Property Tax Appeal Deadline: | May 15th or 30 days after notices are issued |
| Property Tax Bills Issued: | October 1st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Ferris, Texas
Residential Property Tax by ZIP code in Ferris, Texas
Ferris, Texas has an average property tax rate of 1.56%, which is lower than the average Ellis County property tax rate of 1.78%. This means that homeowners in Ferris pay less in property taxes than the average homeowner in Ellis County. However, property tax rates in Ferris vary across ZIP codes. The highest effective property tax rate in Ferris is 1.56%, which is found in the 75125 ZIP code. The lowest effective property tax rate in Ferris is not available, but it is likely to be lower than the average rate of 1.56%.
The variation in property tax rates across Ferris ZIP codes is due to differences in home values. Homes in higher-value ZIP codes tend to have higher effective property tax rates, while homes in lower-value ZIP codes tend to have lower effective property tax rates. This means that homeowners in Ferris can save money on their property taxes by living in a lower-value ZIP code.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Ferris, Texas. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75125 | $23,371 | $51,000 | $107,470 | $181,768 | $243,562 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Ferris, Texas.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75125 | $212 | $623 | $1,378 | $2,932 | $4,960 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75125 | 0.91% | 1.22% | 1.28% | 1.61% | 2.04% |
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Real Estate Values in Ferris, Texas
We currently do not have this data but we are working to add this soon.
Average Home Value in Ferris, Texas
Last updated: November 2023
We currently do not have this data but we are working to add this soon.
We currently do not have this data but we are working to add this soon.
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Housing Expenses in Ferris, Texas
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for South region
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