Double Oak, Texas Property Taxes
The median property tax rate in Double Oak, TX is 1.32%, which is considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $730,304 in Double Oak, the typical annual property tax bill reaches $9,804, far exceeding the national median of $2,690. Property taxes in Double Oak are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Double Oak'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 Double Oak 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
Double Oak, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Double Oak, Texas Tax Savings
Ownwell’s Double Oak Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Double Oak with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Double Oak to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Double Oak. 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 Double Oak, Texas
Property taxes in Double Oak, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Double Oak is 1.32%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Double Oak set these rates annually, and they can vary significantly across different neighborhoods. Each year, Double Oak 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 Double Oak's effective property tax rate to other counties in Texas and the national median. For comparison, the 75077 zip code has the highest median property tax rate of 1.32%, while the 75077 zip code has the lowest median tax rate of 1.32%. Understanding how these cities compare with Double Oak provides valuable insights into the varying tax landscape across Denton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Double Oak Tax Rate
1.32%
Average Denton County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Double Oak, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75022 | N/A | N/A | N/A | N/A | N/A |
| 75077 | 1.15% | 1.22% | 1.32% | 1.43% | 1.50% |
Source: Ownwell
$1,148
Average Double Oak Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Double Oak, Texas
In Double Oak, 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 Denton 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 Double Oak, 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. With a median home price of $730,304, property taxes can vary significantly. For example, the 25th percentile tax bill is $8,281, while the 75th percentile tax bill reaches $11,497, and the 90th percentile tax bill hits $13,239. The highest and lowest median tax bills in the area are both $9,804 in the 75077 zip code. By understanding these valuation processes, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Double Oak Assessed Value
$730,304
Average Denton County Assessed Value
$444,000
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Double Oak, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75022 | N/A | N/A | N/A | N/A | N/A |
| 75077 | $534,522 | $620,692 | $730,304 | $886,082 | $1,067,400 |
Source: Ownwell
$1,148
Average Double Oak Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Double Oak, Texas
In Double Oak, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the Denton County Appraisal District. Homeowners in Double Oak face a median property tax rate of 1.34%, significantly higher than the national median of 0.99%. For a median home price of $730,304, this results in substantial tax bills. Factors such as property size, location, and market conditions influence the assessed value. Consequently, homeowners in the 25th percentile pay around $8,281, while those in the 75th percentile see bills as high as $11,497, with the top 10% reaching $13,239. Ownwell offers valuable assistance to homeowners by providing expert property tax appeal and exemption services. Our experienced consultants analyze your property’s assessment to identify discrepancies and opportunities for reductions. By leveraging our expertise, homeowners can potentially lower their tax bills, ensuring they pay only their fair share. Trust Ownwell to help you navigate the complexities of property tax assessments and achieve significant savings.
Average Double Oak Tax Bill
$9,804
Average Denton County Tax Bill
$7,425
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Double Oak, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75022 | N/A | N/A | N/A | N/A | N/A |
| 75077 | $7,148 | $8,281 | $9,804 | $11,497 | $13,239 |
Source: Ownwell
$1,148
Average Double Oak Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Denton Appraisal District | |
| Phone | (940) 349-3910 |
| Website | esearch.dentoncad.com |
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