Yoakum, Texas Property Taxes
The median property tax rate in Yoakum, TX is 1.42%, notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $116,320 in Yoakum, the typical annual property tax bill amounts to $1,495, which is below the national median of $2,690. Property taxes in Yoakum are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Yoakum'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 Yoakum 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
Yoakum, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$1,652
$1,528
Ownwell’s Yoakum Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Yoakum with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yoakum 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 DeWitt County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Yoakum, Texas
Property taxes in Yoakum, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yoakum is 1.42%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Yoakum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yoakum 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 Yoakum's effective property tax rate to other counties in Texas and the national median. For comparison, the 77995 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Yoakum provides valuable insights into the varying tax landscape across DeWitt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Yoakum Tax Rate
1.42%
Average Dewitt County Tax Rate
1.51%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yoakum, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77995 | 0.79% | 1.15% | 1.42% | 1.63% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Yoakum, Texas
In Yoakum, 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 DeWitt 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 Yoakum, 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. The median home price in Yoakum is $116,320, with tax bills ranging from $787 at the 25th percentile to $3,688 at the 90th percentile. The highest and lowest median tax bills are both $1,495, found in the 77995 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to effectively manage the tax burden.
Average Yoakum Assessed Value
$116,320
Average Dewitt County Assessed Value
$108,795
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yoakum, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77995 | $18,540 | $65,150 | $116,320 | $215,050 | $351,570 |
Source: Ownwell
Property Tax Bills Across Yoakum, Texas
In Yoakum, located in DeWitt 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 property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Yoakum, the median home price is $116,320. The tax bill varies significantly, with the 25th percentile at $787 and the 75th percentile at $2,424, indicating a wide range in property tax obligations. The highest median tax bill recorded in the area is $1,495, which is also the lowest, reflecting a consistent tax rate in the zip code 77995. Compared to the national median property tax rate of 0.99%, Yoakum’s property taxes can be considered moderate. These taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thereby enhancing community living standards.
Average Yoakum Tax Bill
$1,495
Average Dewitt County Tax Bill
$1,417
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Yoakum, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77995 | $239 | $787 | $1,495 | $2,424 | $3,688 |
Source: 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 | |
|---|---|
| DeWitt Appraisal District | |
| Website | www.dewittcad.org |