Asherton, Texas Property Taxes
The median property tax rate in Asherton, TX is 1.61%, which is considerably higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With a median home value of $36,616 in Asherton, the typical annual property tax bill reaches $567, falling well below the national median of $2,690. Property taxes in Asherton are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Asherton'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 Asherton 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
Asherton, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$590
$545
Ownwell’s Asherton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Asherton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Asherton 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 Asherton, Texas
Property taxes in Asherton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Asherton is 1.61%, higher than both the Texas state median of 1.6% and the U.S. national median of 0.99%. Local government entities within Asherton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Asherton 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 Asherton's effective property tax rate to other counties in Texas and the national median. For comparison, the 78827 zip code has the highest median property tax rate of 1.61%, while the 78827 zip code has the lowest median tax rate of 1.61%. Understanding how these cities compare with Asherton provides valuable insights into the varying tax landscape across Dimmit County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Asherton Tax Rate
1.61%
Average Dimmit County Tax Rate
1.61%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Asherton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78827 | 1.48% | 1.59% | 1.61% | 1.61% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Asherton, Texas
In Asherton, 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 Dimmit 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 Asherton, 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 Asherton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Asherton are both $567.00, found in zip code 78827, reflecting the uniformity in tax assessments within the area.
Average Asherton Assessed Value
$36,616
Average Dimmit County Assessed Value
$51,790
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Asherton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78827 | $5,110 | $13,838 | $36,616 | $65,217 | $101,151 |
Source: Ownwell
Property Tax Bills Across Asherton, Texas
In Asherton, Dimmit County, TX, property tax bills are calculated based on the assessed value of the home and the local property tax rate. The median home price in Asherton is $36,616, and the property tax rate is applied to this value to determine the tax bill. The 25th percentile tax bill is $218, while the 75th percentile tax bill is $1,030, and the 90th percentile tax bill reaches $1,628. These figures highlight the range of property tax burdens homeowners might face, depending on their property's assessed value and specific circumstances. Factors such as property improvements, neighborhood developments, and changes in the local tax rate can influence the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, Asherton's tax bills reflect a localized approach to property taxation. For homeowners, understanding these factors is crucial, as they directly impact annual financial obligations and the overall affordability of owning property in the area.
Average Asherton Tax Bill
$567
Average Dimmit County Tax Bill
$847
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Asherton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78827 | $80 | $218 | $567 | $1,030 | $1,628 |
Source: Ownwell