Krugerville, Texas Property Taxes
The median property tax rate in Krugerville, TX is 1.67%, significantly higher than the national median of 0.99%. With the median home value in Krugerville at $373,023, the typical annual property tax bill reaches $6,196, far exceeding the national median of $2,690. Property taxes in Krugerville are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Krugerville'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 Krugerville 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
Krugerville, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$6,229
$5,764
$1,148
Average Krugerville, Texas Tax Savings
Ownwell’s KRUGERVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in KRUGERVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in KRUGERVILLE 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 KRUGERVILLE. 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 Krugerville, Texas
Property taxes in Krugerville, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Krugerville is 1.67%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Krugerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Krugerville 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 Krugerville's effective property tax rate to other counties in Texas and the national median. For comparison, the 76227 zip code has the highest median property tax rate of 1.67%, while the same zip code also has the lowest median tax rate of 1.67%. Understanding how these cities compare with Krugerville 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 Krugerville Tax Rate
1.67%
Average Denton County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Krugerville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76227 | 1.38% | 1.50% | 1.67% | 1.88% | 1.88% |
Source: Ownwell
$1,148
Average Krugerville Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Krugerville, Texas
In Krugerville, 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 Krugerville, 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. Being aware of these valuation processes in Krugerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 76227 has the highest and lowest median tax bill at $6,196.
Average Krugerville Assessed Value
$373,023
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 Krugerville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76227 | $263,237 | $312,216 | $373,023 | $448,501 | $489,038 |
Source: Ownwell
$1,148
Average Krugerville Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Krugerville, Texas
In Krugerville, property tax bills are calculated based on the assessed value of your home, which is determined by the Denton County Appraisal District. The assessed value is then multiplied by the local property tax rate to determine your annual tax bill. The median home price in Krugerville is $373,023, resulting in substantial tax bills for homeowners. For instance, tax bills range from $4,895 at the 25th percentile to $8,516 at the 90th percentile. These figures are significantly higher than the national median property tax rate of 0.99%. Several factors influence your tax bill, including property improvements, neighborhood changes, and market conditions. These high property taxes can place a considerable financial burden on homeowners. This is where Ownwell steps in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially reducing their tax bills and saving them money. Our team of experienced consultants navigates the complex property tax system on your behalf, making the process seamless and effective.
Average Krugerville Tax Bill
$6,196
Average Denton County Tax Bill
$7,425
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Krugerville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76227 | $4,233 | $4,895 | $6,196 | $7,531 | $8,516 |
Source: Ownwell
$1,148
Average Krugerville 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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