Little Elm, Texas Property Taxes
The median property tax rate in Little Elm, TX is 1.71%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Little Elm at $442,575, the typical annual property tax bill reaches $7,697, far exceeding the national median of $2,690. Property taxes in Little Elm 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 Little Elm'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 Little Elm 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
Little Elm, 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 Little Elm, Texas Tax Savings
Ownwell’s Little Elm Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Little Elm with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Little Elm 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 Little Elm. 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 Little Elm, Texas
Property taxes in Little Elm, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Little Elm is 1.71%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Little Elm set these rates annually, and they can vary significantly across different neighborhoods. Each year, Little Elm 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 Little Elm's effective property tax rate to other counties in Texas and the national median. For comparison, the 75068 zip code has the highest median property tax rate of 1.71%, while the lowest median tax rate is also 1.71%. Understanding how these cities compare with Little Elm 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 Little Elm Tax Rate
1.71%
Average Denton County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Little Elm, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75068 | 1.34% | 1.47% | 1.71% | 2.01% | 2.11% |
| 76227 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Little Elm Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Little Elm, Texas
In Little Elm, 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. 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 Little Elm is $442,575, with tax bills ranging from $6,379 at the 25th percentile to $10,710 at the 90th percentile. The zip code 75068 has both the highest and lowest median tax bill at $7,697. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Little Elm Assessed Value
$442,575
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 Little Elm, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75068 | $295,962 | $370,000 | $442,575 | $542,142 | $653,031 |
| 76227 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Little Elm Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Little Elm, Texas
In Little Elm, located in Denton County, TX, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $442,575, with property tax bills varying significantly. For example, the 25th percentile tax bill is $6,379, while the 75th percentile reaches $9,173, and the 90th percentile can be as high as $10,710. These taxes are influenced by factors such as property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, homeowners in Little Elm often face higher tax rates, impacting their annual expenses. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and identifying potential discrepancies, we work to ensure you are not overpaying. Our team helps you navigate the complexities of the appeal process, potentially lowering your tax bill and saving you money. Trust Ownwell to advocate for your financial well-being and make property taxes more manageable.
Average Little Elm Tax Bill
$7,697
Average Denton County Tax Bill
$7,425
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Little Elm, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75068 | $4,971 | $6,379 | $7,697 | $9,173 | $10,710 |
| 76227 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Little Elm 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 |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.