Daingerfield, Texas Property Taxes
The median property tax rate in Daingerfield, TX is 1.17%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $38,990, the typical annual property tax bill in Daingerfield amounts to $342, significantly lower than the national median of $2,690. Property taxes in Daingerfield are calculated based on the assessed value, often reduced by exemptions such as those for primary residences and agricultural land. Understanding the local property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Daingerfield or in another part of the city, being informed about the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Daingerfield, 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 Daingerfield Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Daingerfield with just two key data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Daingerfield to project your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Daingerfield, Texas
Property taxes in Daingerfield, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Daingerfield is 1.17%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Daingerfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Daingerfield 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 Daingerfield's effective property tax rate to other counties in Texas and the national median. For comparison, the 75638 zip code has both the highest and lowest median property tax rate of 1.17%. Understanding how these cities compare with Daingerfield provides valuable insights into the varying tax landscape across Morris County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Daingerfield Tax Rate
1.17%
Average Cass County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Daingerfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75638 | 0.88% | 0.97% | 1.17% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Daingerfield, Texas
In Daingerfield, 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 Morris 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. In Daingerfield, 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. For example, the median home price in Daingerfield is $38,990, with annual tax bills ranging from $322 at the 25th percentile to $3,069 at the 90th percentile. 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 Daingerfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Daingerfield Assessed Value
$38,990
Average Cass County Assessed Value
$69,430
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Daingerfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75638 | $16,872 | $25,650 | $38,990 | $103,310 | $270,380 |
Source: Ownwell
Property Tax Bills Across Daingerfield, Texas
In Daingerfield, located in Cass 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 the property. The tax rate is set by local taxing authorities, including school districts, municipal governments, and other special districts. For homeowners, this means that their property tax bill is a product of their home's assessed value multiplied by the combined tax rates of these authorities. In Daingerfield, the median home price is $38,990, with property tax bills ranging widely. At the 25th percentile, homeowners might pay around $322 annually, while those at the 75th percentile could see bills as high as $998. At the 90th percentile, the tax bill can soar to $3,069. These taxes fund essential local services such as public schools, infrastructure, and emergency services, directly impacting the quality of life and community resources available to residents.
Average Daingerfield Tax Bill
$342
Average Cass County Tax Bill
$984
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Daingerfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75638 | $217 | $322 | $342 | $998 | $3,069 |
Source: Ownwell