Texline, Texas Property Taxes
The median property tax rate in Texline, TX is 2.01%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Texline at $65,215, the typical annual property tax bill reaches $1,100, which is below the national median of $2,690. Property taxes in Texline are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Texline'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 Texline 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
Texline, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$1,311
$1,213
Ownwell’s Texline Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Texline with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Texline to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Texline, Texas
Property taxes in Texline, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Texline is 2.01%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Texline set these rates annually, and they can vary significantly across different neighborhoods. Each year, Texline 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 Texline's effective property tax rate to other counties in Texas and the national median. For comparison, the 79087 zip code has the highest median property tax rate of 2.01%, while the 79087 zip code also has the lowest median tax rate of 2.01%. Understanding how these cities compare with Texline provides valuable insights into the varying tax landscape across Dallam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Texline Tax Rate
2.01%
Average Dallam County Tax Rate
1.99%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Texline, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79087 | 0.56% | 1.12% | 2.01% | 2.01% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Texline, Texas
In Texline, 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 Dallam 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 Texline, 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. The median home price in Texline is $65,215, with tax bills ranging from $543 at the 25th percentile to $4,218 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Texline Assessed Value
$65,215
Average Dallam County Assessed Value
$88,040
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Texline, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79087 | $14,995 | $34,205 | $65,215 | $132,740 | $463,601 |
Source: Ownwell
Property Tax Bills Across Texline, Texas
In Texline, located in Dallam County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Texline is $65,215, and the tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, leading to variations in tax bills. For instance, homeowners in the 25th percentile pay around $543 annually, while those in the 75th percentile face bills up to $2,146. At the 90th percentile, tax bills can soar to $4,218. The highest and lowest median tax bills in Texline are both $1,100, indicating a relatively consistent tax burden across different properties. These property taxes significantly impact homeowners, as they represent a recurring expense that can affect overall affordability. Compared to the national median property tax rate of 0.99%, Texline's rates are competitive, making it a potentially attractive location for property investment.
Average Texline Tax Bill
$1,100
Average Dallam County Tax Bill
$1,574
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Texline, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79087 | $115 | $543 | $1,100 | $2,146 | $4,218 |
Source: Ownwell