Average Tax Assessment in Fayette County
Real Estate Values and Property Tax Valuation in Fayette County, Texas
Fayette County has 11,782 properties with a cumulative value of $2.9B, representing 0.14% of all real estate value in Texas. Property taxes in Fayette County totaled $26.1M, with an average homeowner paying $2,252 in property taxes compared to the state average of $4,015. The average property tax rate in Fayette County is 0.91%, lower than the state average of 1.69%. Property values for tax purposes are determined by the local appraisal district.
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 | |
---|---|
Fayette Clerk | (979) 968-3251 |
TexasFile Clerk Records | - |
Fayette Assessor | (724) 430-1350 |
Fayette Assessor | (304) 574-4240 |
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 | |
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Early Payment Discount | |
Senior | Available |
Disabled | Available |
Homestead | Available |
Veteran | Available |
Solar/Wind | Available |
Charitable | Available |
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Real Estate Statistics in Fayette County
Residential Property Taxes by Cities in Fayette County
Fayette County has an average property tax rate of 0.91%, which is slightly lower than the state average of 1.06%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average Fayette County property tax bill is $2,252, which is lower than the state average of $2,817.
Property tax rates vary across the cities in Fayette County. La Grange has the highest effective property tax rate at 1.11%, while Muldoon has the lowest effective property tax rate at 0.67%. This means that property owners in La Grange will pay more in taxes than those in Muldoon. Property taxes collected in Fayette County in 2023 are estimated to be $26.1 million.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Fayette County. 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.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Carmine | $34,035 | $82,055 | $162,285 | $286,208 | $675,170 |
Fayetteville | $49,862 | $116,725 | $227,250 | $416,160 | $744,234 |
Flatonia | $22,090 | $51,990 | $128,475 | $267,412 | $497,025 |
La Grange | $31,585 | $82,798 | $166,310 | $269,978 | $441,223 |
Muldoon | $18,670 | $52,398 | $247,510 | $483,522 | $762,795 |
Round Top | $44,288 | $178,240 | $345,730 | $623,580 | $1,001,710 |
Schulenburg | $24,652 | $62,800 | $126,860 | $265,150 | $505,450 |
West Point | $25,104 | $58,210 | $150,320 | $327,500 | $567,332 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Fayette County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Carmine | $311 | $734 | $1,407 | $2,721 | $4,155 |
Fayetteville | $321 | $935 | $2,048 | $3,509 | $5,033 |
Flatonia | $195 | $632 | $1,555 | $2,904 | $4,587 |
La Grange | $354 | $904 | $2,054 | $3,337 | $4,849 |
Muldoon | $187 | $472 | $1,322 | $3,691 | $5,365 |
Round Top | $376 | $1,116 | $2,626 | $4,822 | $7,728 |
Schulenburg | $291 | $721 | $1,564 | $2,671 | $4,162 |
West Point | $184 | $644 | $1,300 | $2,659 | $4,108 |
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.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Carmine | 0.91% | 0.89% | 0.87% | 0.95% | 0.62% |
Fayetteville | 0.64% | 0.80% | 0.90% | 0.84% | 0.68% |
Flatonia | 0.88% | 1.22% | 1.21% | 1.09% | 0.92% |
La Grange | 1.12% | 1.09% | 1.24% | 1.24% | 1.10% |
Muldoon | 1.00% | 0.90% | 0.53% | 0.76% | 0.70% |
Round Top | 0.85% | 0.63% | 0.76% | 0.77% | 0.77% |
Schulenburg | 1.18% | 1.15% | 1.23% | 1.01% | 0.82% |
West Point | 0.73% | 1.11% | 0.86% | 0.81% | 0.72% |
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Real Estate Values in Fayette County
The data from Redfin shows that the median home price in Fayette County, Texas has decreased significantly from October 2022 to October 2023, with a decrease of 71.94%. This suggests that the housing market in Fayette County has cooled off significantly in the past year. Additionally, the home inventory in Fayette County has decreased from 104 in October 2022 to 88 in October 2023, indicating that there is less housing available for purchase in the area. Overall, these trends suggest that the housing market in Fayette County, Texas is cooling off.
Average Home Value in Fayette County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Fayette County
Last updated: November 2023
Percent Change in New Home Listings in Fayette County
Last updated: November 2023
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Mortgage Rates in Fayette County
Mortgages in Fayette County are a major source of financing for homeowners in the area. According to recent statistics, there is a total of $349.4M in outstanding loan amounts across home mortgages in Fayette County, with over 2.2K outstanding loans. This equates to approximately 8.6% of total home value in the county. Additionally, there is a significant variation in mortgage rates across the county, with Fayetteville having the highest median mortgage rate of 4.14%, and Carmine having the lowest median mortgage rate of 3.9%.
Overall, mortgages in Fayette County are an important source of financing for homeowners in the area, with a significant variation in mortgage rates across the county. With the total outstanding loan amount across home mortgages in Fayette County equating to 8.6% of total home value, it is clear that mortgages are a major source of financing for homeowners in the area.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Fayette County by city.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Carmine | $23,791 | $66,770 | $105,850 | $161,702 | $246,376 |
Fayetteville | $24,851 | $58,037 | $133,122 | $237,450 | $349,808 |
Flatonia | $24,748 | $55,021 | $117,773 | $194,514 | $288,575 |
La Grange | $29,631 | $62,793 | $116,076 | $187,004 | $287,735 |
Muldoon | $39,213 | $62,748 | $131,790 | $204,308 | $320,438 |
Round Top | $33,127 | $87,009 | $196,898 | $376,175 | $607,224 |
Schulenburg | $21,746 | $46,912 | $97,293 | $173,671 | $251,020 |
West Point | $29,929 | $60,486 | $119,063 | $220,149 | $395,011 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Fayette County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Carmine | 2.83% | 3.56% | 3.90% | 4.48% | 6.34% |
Fayetteville | 2.90% | 3.60% | 4.14% | 4.83% | 6.15% |
Flatonia | 2.90% | 3.57% | 3.98% | 5.09% | 6.16% |
La Grange | 2.90% | 3.59% | 4.11% | 4.95% | 6.19% |
Muldoon | 2.95% | 3.52% | 4.02% | 4.66% | 5.10% |
Round Top | 2.82% | 3.60% | 4.13% | 4.85% | 6.10% |
Schulenburg | 2.90% | 3.58% | 4.10% | 4.92% | 6.10% |
West Point | 2.99% | 3.40% | 3.94% | 4.78% | 5.92% |
Housing Expenses in Fayette County, Texas
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