Example of Freestone County Property Tax Calculation
Freestone County calculates property taxes based on the assessed value of the property. For example, if a property is assessed at $100,000, and the tax rate is set at 2%, the property tax for the year would be $2,000. This calculation is done by multiplying the assessed value by the tax rate.
It is important to note that the tax rate can vary depending on specific circumstances and is set by local authorities. Additionally, property owners may be eligible for exemptions or deductions that can lower their tax burden.
Overall, understanding how property tax is calculated in Freestone County can help property owners better plan and budget for their expenses.
If you want appeal your property tax assessment - contact your local tax assessor.
Freestone County Property Tax Rates
Here are the Freestone County Property Tax rates for the year 2021, listed in a formatted table:
| Taxing Unit | Rate (per $100 of assessed value) |
|---|---|
| Freestone County | 0.538059 |
| City of Fairfield | 0.583058 |
| Fairfield ISD | 1.170000 |
| Teague ISD | 1.170000 |
| Wortham ISD | 1.170000 |
It is important to note that tax rates are subject to change and may vary depending on the location and classification of the property. Property owners are encouraged to consult with a local tax advisor for further information on their specific property tax situation.
Who sets property tax rates in Freestone County ?
Who sets property tax rates in Freestone County?
- The Freestone County Commissioners Court is responsible for setting property tax rates in Freestone County.
When are property tax rates set in Freestone County?
- Property tax rates in Freestone County are typically set during the annual budget process, which takes place in the summer months.
How are property tax rates determined in Freestone County?
- Property tax rates in Freestone County are determined based on a number of factors, including the county's budget needs and the assessed value of properties within the county. The commissioners court will review the county's budget and set a tax rate that will generate the necessary revenue to fund county operations.
What is the current property tax rate in Freestone County?
- The current property tax rate in Freestone County is $0.5535 per $100 valuation for the 2021 tax year.
| Taxing Entity | Tax Rate (per $100 valuation) |
|---|---|
| Freestone County | $0.5535 |
| Fairfield ISD | $1.1850 |
| City of Fairfield | $0.4500 |
| Street Maintenance District | $0.0800 |
| Freestone County Hospital District | $0.1500 |
| Freestone County ESD #2 | $0.1000 |
How do property taxes benefit Freestone County?
- Property taxes are a primary source of funding for the county's general operations and services, such as law enforcement, roads and bridges, and public health. Property taxes also fund other entities within the county, such as schools and emergency services.
Homestead exemptions in Freestone County ?
In Freestone County, Texas, there are various Homestead exemptions and deductions available to eligible residents. The following table lists all the county-specific exemptions and deductions along with the eligibility criteria, exemption amounts, and important notes:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Resident property owners | Up to $25,000 | Must be the primary residence and owned by the applicant on January 1st of the tax year. |
| Over-65 Exemption | Resident property owners over the age of 65 | Up to $10,000 | Must be the primary residence and owned by the applicant on January 1st of the tax year. |
| Disability Exemption | Resident property owners with disabilities | Up to $10,000 | Must be the primary residence and owned by the applicant on January 1st of the tax year. |
| Disabled Veteran Exemption | Veterans with at least 10% disability rating | Up to $12,000 | Must be the primary residence and owned by the applicant on January 1st of the tax year. |
| Agricultural Land Exemption | Agricultural landowners | Varies based on acreage and use | Must use the land for agriculture purposes and meet all state requirements. |
| Wildlife Management Exemption | Landowners with Wildlife Management Plan | Varies based on acreage and use | Must have a Wildlife Management Plan approved by the Texas Parks and Wildlife Department. |
It's important to note that some exemptions may not be available for all properties and some restrictions may apply. It is recommended that residents contact the Freestone County Appraisal District for more information on how to apply for these exemptions and deductions.
When is Freestone County Property Tax due ?
Freestone County Property Tax Due Dates and Payment Methods
Property owners in Freestone County, Texas are required to pay property taxes annually. The due date for property taxes in Freestone County is typically January 31st of each year. However, if January 31st falls on a weekend or holiday, the payment deadline is extended to the next business day.
The payment methods available for Freestone County property taxes are:
| Payment Method | Details |
|---|---|
| In-person | Property owners can pay in person at the Freestone County Tax Office located at 118 E Commerce St, Fairfield, TX 75840. Cash, check, and credit card payments are accepted. |
| By mail | Payments can be mailed to the Freestone County Tax Office at P.O. Box 867, Fairfield, TX 75840. Payments must be postmarked by the due date to avoid penalties. Checks or money orders are accepted. |
| Online | Property owners can pay their property taxes online through the Freestone County Tax Office website using a credit card or eCheck. There is a convenience fee for online payments. |
It is important to note that failure to pay property taxes by the due date will result in penalties and interest charges. Property owners should ensure that they make their payments on time to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Freestone County Property Tax penalty calculated ?
Freestone County Property Tax Penalty Calculation:
The penalty for late payment of property tax in Freestone County is calculated based on the amount of the unpaid tax and the number of months it has been overdue. The penalty is added on top of the original amount owed and accrues monthly until the tax is paid in full.
Here's an example scenario to better understand the calculation:
| Month Due | Original Amount | Penalty Rate | Penalty Amount |
|---|---|---|---|
| January | $1,000.00 | 6% | $60.00 |
| February | $1,000.00 | 7% | $70.00 |
| March | $1,000.00 | 8% | $80.00 |
| April | $1,000.00 | 9% | $90.00 |
Let's say John owns a property in Freestone County and his property tax is due on January 1st. He fails to pay by this date and incurs a 6% penalty, which is $60.00. If he still doesn't pay by the end of February, the penalty rate increases to 7%, resulting in a penalty of $70.00 added to the original amount owed. This cycle continues until the tax is paid in full.
It's important to note that if the property tax remains unpaid by July 1st of the current year, it is considered delinquent and subject to additional penalties and interest. The penalty for delinquent taxes can be as high as 20% of the original amount owed.
In summary, the penalty for late payment of property tax in Freestone County is calculated based on the original amount owed and the number of months it has been overdue. It's crucial to pay property tax on time to avoid accruing penalties and additional fees.
We recommend contacting the Freestone County Tax Office or a local tax professional for the most up-to-date and accurate information.