Denison, Texas Property Taxes
The median property tax rate in Denison, TX is 2.31%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Denison at $151,614, the typical annual property tax bill reaches $3,560, exceeding the national median of $2,690. Property taxes in Denison 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 Denison'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 Denison 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
Denison, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.31%
Estimate Property Tax Bill
$3,502
$3,240
$1,148
Average Denison, Texas Tax Savings
Ownwell’s Denison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Denison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Denison 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 Denison. 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 Denison, Texas
Property taxes in Denison, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Denison is 2.31%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Denison set these rates annually, and they can vary significantly across different neighborhoods. Each year, Denison 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 Denison's effective property tax rate to other counties in Texas and the national median. For comparison, the 75090 zip code has the highest median property tax rate of 3.23%, while the 75021 zip code has the lowest median tax rate of 1.93%. Understanding how these cities compare with Denison provides valuable insights into the varying tax landscape across Grayson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Denison Tax Rate
2.31%
Average Grayson County Tax Rate
2.09%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Denison, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75020 | 1.60% | 2.03% | 2.38% | 2.61% | 3.08% |
| 75021 | 1.10% | 1.48% | 1.93% | 2.54% | 3.35% |
| 75076 | 1.03% | 2.04% | 2.59% | 3.37% | 4.76% |
| 75090 | 1.87% | 2.08% | 3.23% | 7.43% | 13.12% |
Source: Ownwell
$1,148
Average Denison Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Denison, Texas
In Denison, 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 Grayson 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 Denison, 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. For example, the highest median tax bill in Denison is $6,397 in the 75090 zip code, while the lowest median tax bill is $3,058 in the 75021 zip code. 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 Denison helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Denison Assessed Value
$151,614
Average Grayson County Assessed Value
$177,813
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Denison, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75020 | $54,506 | $98,372 | $152,480 | $232,866 | $382,864 |
| 75021 | $37,853 | $75,270 | $152,818 | $273,212 | $398,871 |
| 75076 | $29,789 | $71,312 | $111,852 | $154,761 | $200,548 |
| 75090 | $42,348 | $43,344 | $144,300 | $318,038 | $450,042 |
Source: Ownwell
$1,148
Average Denison Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Denison, Texas
Property tax bills in Denison, located in Grayson County, TX, are calculated based on the assessed value of a property and the local tax rate. The median home price in Denison is $151,614, and the property tax rate in Texas is generally higher than the national median of 0.99%. Factors such as property location, home improvements, and market conditions influence the assessed value. For instance, the tax bill at the 25th percentile is $2,202, while it rises to $5,416 at the 75th percentile and $7,870 at the 90th percentile. High property taxes can significantly impact homeowners' finances. Ownwell offers expert property tax appeal and exemption services to help homeowners lower their tax bills. By thoroughly reviewing your property's assessed value and identifying discrepancies or overvaluations, Ownwell can assist in filing appeals and securing exemptions, potentially saving you thousands of dollars annually. With the highest median tax bill in the area reaching $6,397, the savings can be substantial.
Average Denison Tax Bill
$3,560
Average Grayson County Tax Bill
$3,777
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Denison, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75020 | $1,400 | $2,454 | $3,786 | $5,629 | $8,263 |
| 75021 | $752 | $1,695 | $3,058 | $4,870 | $6,438 |
| 75076 | $740 | $1,838 | $4,221 | $6,336 | $6,952 |
| 75090 | $2,117 | $4,207 | $6,397 | $11,303 | $18,281 |
Source: Ownwell
$1,148
Average Denison 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 | |
|---|---|
| Grayson Appraisal District | |
| Website | esearch.graysonappraisal.org |
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